Crypto Technical Analysis 27Jul: Bitcoin price extended losses below the USD 21,000 level but managed to stay above USD 20,500 and recovered above USD 21,000 again. It is currently (05:49 UTC) trading near USD 21,264 and is almost unchanged in a day and down 10% in a week. Similarly, most major altcoins are struggling to recover losses. ETH tested the USD 1,350 support before correcting higher. XRP traded close to the USD 0.32 support. ADA tested the USD 0.45 support zone.
Crypto Technical Analysis 27Jul: Bitcoin Fluctuate
After a downside break, BTC extended losses below the USD 21,000 support. BTC tested the USD 20,750 zone and climbed back above USD 21,000. On the upside, an immediate resistance is near the USD 21,400 level. The next major resistance could be USD 21,500, above which the price could start a steady recovery.
On the downside, an initial support is near the USD 20,750 level. The next major support is near the USD 20,500 zone, below which the price could test USD 20,000.
Crypto Technical Analysis 26Jul: Ethereum also Fluctuates
ETH also extended losses and traded below the USD 1,400 level. ETH tested the USD 1,350 level, where the bulls emerged. It is now correcting losses and trading above USD 1,420. ETH is down almost 1% in a day and 8% in a week. On the upside, the price could face resistance near USD 1,450. The next key resistance is near the USD 1,500 level, above which the price might start a stronger recovery.
If not, there are chances of a fresh drop below USD 1,400. The next major support is near USD 1,350, below which the price might extend losses.
Crypto Technical Analysis 27Jul:ETC and XMR Outperform
ETC and XMR are the best performers among the top 100 cryptoassets by market capitalization today as they jumped over 6% and surpassed USD 25 and USD 150, respectively.
Crypto Technical Analysis 27Jul: Altcoins are in Red
Cardano( ADA) extended losses below USD 0.465 support and tested the USD 0.45 support level. The price is now trading in a range, with many hurdles on the upside, such as USD 0.480.
BNB declined below the USD 250 support zone and tested USD 240. It recovered 3% in a day and is now consolidating near USD 250. On the upside, the price may face sellers near USD 255.
Solana( SOL) spiked below the USD 35 support zone. However, losses were limited, and the price is now consolidating near USD 36. If there is an upside correction, the bears might remain active near USD 38.
DOGE extended losses below USD 0.0620 support. It even tested the USD 0.0600 support and moved closer to USD 0.0620. The next major support is at USD 0.0580, below which the price may perhaps drop to USD 0.0550.
XRP traded close to the USD 0.32 support zone. It is now moving near the USD 0.335 level. If there is a recovery, the price might face resistance near USD 0.35.
A few altcoins are attempting a recovery wave, including MATIC, TRX, SHIB, ETC, XMR, ATOM, ICP, QNT, and QTUM.
FINAL THOUGHT: Overall, bitcoin price is struggling below the USD 21,500 level. If BTC fails to recover above USD 21,500 and USD 22,000, it could drop towards the USD 20,000 support zone again.
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