BTC, ETH, XRP, ADA and BNB Price Analysis for February 26


After a sharp bounceback, bulls keep controlling the situation on the market even though some coins have come back to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by almost 1% since yesterday.

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

After growth to $40,000, Bitcoin (BTC) made a false breakout of the resistance at $39,573, which means that bulls are not ready to keep the growth going.

If today the seller pressure continues, there is a chance to see a correction to the area around $38,000 by the end of the week.

Bitcoin is trading at $39,183 at press time.

ETH/USD

Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has risen by 2.14% over the last 24 hours.

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

Despite the growth, Ethereum (ETH) is trading similarly to BTC as the main altcoin also made a false breakout of the resistance at $2,815.

If buyers cannot fix above it shortly, bears may seize the initiative and return the rate to $2,600 shortly.

Ethereum is trading at $2,768 at press time.

XRP/USD

XRP is the biggest gainer today as its rate has risen by more than 5%.

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

XRP is showing better price performance than other coins; however, it could not get to the vital mark of $0.80. In this case, the more likely scenario is the test of the mirror level at $0.7462, followed by a bounceback.

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XRP is trading at $0.7594 at press time.

ADA/USD

Cardano (ADA) is also rising, going up by 2% since yesterday.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Cardano (ADA) is following the scenario of other coins, after a false breakout of the resistance at $0.917. Until the daily candle is below it, bears remain more powerful than bulls. Respectively, the drop may get the price of ADA to the $0.85 mark.

ADA is trading at $0.897 at press time.

BNB/USD

Binance Coin (BNB) is not an exception to the rule, rising by 1.21%.

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

Binance Coin (BNB) may also face a short correction to the $360 mark if buyers fail to fix above the resistance at $385. Such a scenario is relevant until the end of the week.

BNB is trading at $374.3 at press time.


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