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BTC, ETH, XRP, BNB and ADA Price Analysis for September 21

Price Predictions
Tue, 09/21/2021 - 15:01
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Denys Serhiichuk
Is there a chance to see the continuation of growth on the market?
BTC, ETH, XRP, BNB and ADA Price Analysis for September 21
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls have restored their positions to a certain extent; however, all of the top 10 coins remain in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday, bearish pressure intensified and the price of Bitcoin (BTC) reached the $42,447 level. The pair held above it for the rest of the day, but tonight, the bullish momentum broke through that support and the BTC price set a new monthly low around $40,190.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

By morning, buyers have restored the price above the $42,447 level, but it is not yet clear whether the pair will be able to stay above it. The Stoch RSI indicator lines on the daily time frame entered the oversold zone, but the signal for recovery has not yet been formed, which means that a decline is possible.

Related
BTC, ETH and XRP Price Analysis for September 19

If the bears continue to sell, then one may expect a breakthrough of the psychological mark of $40,000 and renewal of the monthly minimum in the area of ​​$39,840.

Bitcoin is trading at $42,729 at press time.

ETH/USD

Yesterday, the bearish onslaught broke through the psychological level of $3,000 and, tonight, the Ethereum (ETH) price tested the support of $2,800.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

In the morning, the pair bounced above the level of $3,000, but it can hardly be possible to continue the recovery today. If sellers break through the support at $2,800, then a new September low should be expected around $2,620.

Ethereum is trading at $3,002 at press time.

XRP/USD

The XRP price pierced the $0.90 support yesterday afternoon, setting a monthly low at $0.875. At night, it updated to the level of $0.866.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

At the moment, the price has recovered from the low zone above the support of $0.90. Buyers may try to continue the recovery this morning, but they have fewer chances to break above the psychological level of $1.

Related
DOGE, SHIB and YFI Price Analysis for September 18

Before the end of the day, the selling pressure may increase and the pair can continue to decline to the support of $0.80.

XRP is trading at $0.9288 at press time.

BNB/USD

The rate of Binance Coin (BNB) is almost unchanged since yesterday.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) has bounced off the support at $342 and is now trying to consolidate above this level. If bulls hold this zone, there is a possibility to come back to the vital area around $400 by the end of the week.

BNB is trading at $367.4 at press time.

ADA/USD

From the technical point of view, Cardano (ADA) is trading similarly to Binance Coin (BNB).

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) remains trading in a wide range where neither bulls nor bears control the situation in the mid-term scenario. Currently, the altcoin is located close to the support at $1.90, the breakout of which may cause a sharp drop to the liquidity zone at $1.324.

ADA is trading at $2.138 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.