BTC, XRP, DOGE, XLM, ADA and IOTA Price Analysis for February 12

Price Predictions
Fri, 02/12/2021 - 16:58
article image
Denys Serhiichuk
When can one expect another correction of Bitcoin (BTC) and popular altcoins?
BTC, XRP, DOGE, XLM, ADA and IOTA Price Analysis for February 12
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.

Read U.TODAY on
Google News
Contents

Bulls keep controlling the situation on the cryptocurrency market as most of the coins are in the green zone. Litecoin (LTC) is the only crypto out of the top 10 list that is located in the red zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The crucial information for Bitcoin (BTC), XRP, DOGE, Stellar (XLM), Cardano (ADA) and IOTA.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$894,129,278,549 $47,632.27 $86,104,806,368 -0.73%

XRP

XRP

$26,775,304,112 $0.5767 $12,551,443,774 10.31%

DOGE

DOGE

$8,663,257,258 $0.06872 $4,573,939,351 -6%

Stellar

XLM

$10,554,704,464 $0.4654 $3,095,946,713 6.46%

Cardano

ADA

$28,797,595,409 $0.9273 $9,936,772,187 0.41%

IOTA

IOTA

$3,306,654,435 $1.15 $607,701,437 -5.48%

BTC/USD 

Yesterday, support around $44,000 stopped the pull back, and the bears were unable to test the 2H EMA55.

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

In the afternoon, the Bitcoin price recovered to the resistance area of ​​$48,000. Until the end of the day, the bulls tried to break above this level. The price managed to pierce the resistance level several times, drawing highs around the $48,695 mark, and tonight the pair tested the level of $49,000.

Related
BTC, ETH and XRP Price Analysis for February 11

In the morning, sellers returned the price below $47,000, and in the first half of the day the pullback may reach support at $46,000. If this level copes with the bearish onslaught, the bulls will resume their assault on the $48,000 resistance and will try to test the psychological level of $50,000 in the near future.

Bitcoin is trading at $46,826 at press time.

XRP/USD 

Yesterday, in the first half of the day, the trading volumes decreased and the pair rolled back to the psychological level of $0.50. The level kept the price from falling further.

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

In small volumes, buyers tried to break above the $0.53 resistance, but only this morning the XRP price broke through this resistance and tested the $0.57 level. Growth is not supported by large volumes; there is a high probability of a pullback to the support of $0.50. However, if buyers manage to increase volumes, the growth may continue and the pair will test the level of $0.60.

XRP is trading at $0.5787 at press time.

DOGE/USD 

DOGE is the biggest loser today. The rate of the popular crypto has gone down by 6% over the last day.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

On the daily chart, DOGE has bounced off the mirror level, having confirmed the bulls' power. If buyers keep the rate of the altcoin above $0.06, there are chances to see a comeb

ack to $0.073 soon.

DOGE is trading at $0.067 at press time.

XLM/USD 

Stellar (XLM) is the second most growing coin from our list day. Its price has increased by 6% over the last 24 hours.

XLM/USD chart by TradingView
XLM/USD chart by TradingView

On the weekly chart, Stellar (XLM) is bullish, however, there might be a retest of the level of $0.44. Such a move is supported by the bearish divergence on the RSI indicator.

Stellar is trading at $0.4670 at press time.

ADA/USD 

The rate of Cardano (ADA) is unchanged since yesterday. 

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

After a false breakout of the new peak at $0.98, the price of the altcoin has not reduced much, which means that buyers are about to keep pushing Cardano (ADA) higher. In this case, there might be a retest of the resistance at $0.98 shortly.

Cardano is trading at $0.92 at press time.

IOTA/USD 

IOTA is trading in the red zone today, falling by almost 6%.

IOTA/USD chart by TradingView
IOTA/USD chart by TradingView

On the 4H chart, IOTA is bullish as the selling keeps going down. Thus, one may expect a retest of the resistance at $.28 soon.

IOTA is trading at $1.18 at press time.

 
 
article image
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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.