Price analysis 2/10: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, DOGE, BCH

Bitcoin'south (BTC) marketplace capitalization topped $889 billion on Feb. 9, pushing BTC above the value of Tesla and the Russian ruble, according to data from AssetDash.

The current rally is longer limited to Bitcoin as several altcoins have been surging in the by few days. This shows the buying involvement is broad-based and today the total crypto market cap surpassed $one.4 trillion.

While the positive news menstruation and price rising in most cryptocurrencies may requite the impression that the balderdash run will never stop, traders should exist careful because every balderdash stage witnesses periodic corrections.

*Daily cryptocurrency market place performance. Source:* *Coin360*

Another important thing to notation is that every bull stage ordinarily has a different set of leaders. The altcoins that have performed exceedingly well in the current balderdash run may non lead the adjacent ane. Therefore, traders should study their portfolio and close the positions that may not exist fundamentally strong but could have risen but due to positive sentiment.

It is difficult to time the summit because it is but in hindsight that one can say with conviction that a acme has been made. Therefore, traders may consider keeping appropriate stop-losses on their positions to protect their paper profits.

Let's study the charts of the peak-10 cryptocurrencies to make up one's mind the strength in the trend and the critical levels to watch out for.

BTC/USD

After the sharp rally on Feb. eight, Bitcoin formed a Doji candlestick pattern on Feb. 9, which suggests the bulls and the bears were undecided about the next motility. The indecision has resolved to the downside today, indicating profit-booking by traders.

The BTC/USD pair may now drop to the breakout level at $41,959.63. If the price rebounds off this support, it will advise that the sentiment remains bullish and traders are not waiting for a deeper correction to purchase.

If the bulls can push the cost above $48,152.84, the uptrend may resume, with the adjacent target objective at $threescore,974.43.

Contrary to this supposition, if the pair breaks and sustains beneath $41,959.63, information technology volition suggest that traders are booking profits aggressively.

A break below the moving averages volition exist the outset sign that supply exceeds demand. The bears will proceeds an upper hand if the pair drops below $28,850.

ETH/USD

Ether (ETH) fabricated a new all-time high today, but the long wick on the candlestick suggests that traders are booking profits at college levels. The failure of the biggest altcoin to option up momentum after breaking above $1,757.338 indicates that need dries upward at higher levels.

The ETH/USD pair may witness a small-scale correction or consolidation that could pull the cost down to the xx-day exponential moving boilerplate ($i,514). This is an important support to lookout man out for because the bulls take not immune the price to sustain below information technology for the by several weeks.

If the cost rebounds off the 20-day EMA, it volition suggest that traders go along to view the dips to this level as a ownership opportunity. The bulls will and then try to resume the uptrend and push the price to $2,000.

This positive view will invalidate if the bears sink and sustain the cost below the xx-day EMA for more than than two days. Such a move volition bespeak that traders are booking profits aggressively and that could pull the price down to the 50-day elementary moving average ($1,194).

ADA/USD

Cardano (ADA) is witnessing a vertical rally that pushed the price to $0.8871889 today. This stiff up-motility of the past few days has pushed the relative strength index (RSI) deep into overbought territory.

Vertical rallies are rarely sustainable and if the uptrend stalls, several momentum traders may blitz to the exit, resulting in a abrupt drib.

The first support on the downside is the 38.2% Fibonacci retracement level at $0.6646150 and and then the 50% retracement level at $0.5958618.

If the price rebounds off either support, it will advise that bulls continue to expect for buying opportunities on dips. They volition then try to resume the uptrend and drive the price to the psychological level at $i.

On the reverse, if the bears sink the toll below $0.5958618, the correction could deepen to the 20-mean solar day EMA ($0.51).

XRP/USD

XRP has been a laggard during the electric current crypto balderdash run just the bulls are trying to make amends. The buyers are currently trying to push button and sustain the toll in a higher place $0.50. If they manage to practise that, a new uptrend is likely.

The ascent twenty-day EMA ($0.39) and the RSI but below the overbought level suggests that bulls take the upper hand. The kickoff target objective on the upside is $0.65 and if this level is scaled, the uptrend may reach $0.75.

Contrary to this supposition, if the bulls fail to sustain the price above $0.fifty, it volition indicate that traders continue to lighten up their positions on rallies. Such a move could keep the price range-bound betwixt $0.3855 and $0.l for a few days.

DOT/USD

Polkadot (DOT) remains in an uptrend but the momentum is weakening. The altcoin formed a Doji candlestick pattern on Feb. 9 and has again made ane today, which suggests indecision amongst the bulls and the bears.

If the uncertainty resolves to the downside and the price sustains beneath $22, the DOT/USD pair could drop to the $19.40 support. This is an important level to keep an eye on considering a break below it could pull the cost downward to $xiv.7259.

On the other manus, if the cost turns upward from the current level or $19.40, it will suggest traders continue to purchase the dips. If the bulls can resume the uptrend, the pair could rally to $30.

BNB/USD

Binance Coin (BNB) is in a potent uptrend. The vertical rally of the past few days has pushed the RSI above 91, which suggests the markets are overheated in the curt-term. Such gravity-defying rallies are rarely sustainable and a correction could be around the corner.

The long wick on today's candlestick suggests traders are booking profits after the recent up-move. The first support on the downside is 38.2% Fibonacci retracement level at $105.7886 and then the 50% retracement at $92.6259.

If the toll rebounds off either support, it volition suggest that traders continue to buy on dips. The buyers will then try to resume the uptrend. On the other paw, if the price breaks below $92.6259, the BNB/USD pair could drop to the 61.8% retracement level at $79.4632.

LTC/USD

Litecoin (LTC) broke to a higher place the $185.5821 overhead resistance today but the bulls are finding it difficult to sustain the breakout. This suggests the bears are selling at higher levels and are attempting to trap the aggressive bulls.

If the LTC/USD pair fails to sustain higher up $185.5821, the short-term traders may book profits and that could sink the price to the moving averages.

If the price bounces off the moving averages, the bulls will again attempt to propel and sustain the price above $185.5821. If they succeed, the pair may rally to $200 and then to $250.

Conversely, if the bears sink the price beneath the moving averages, a drop to $120 is possible. A rebound off this level could keep the pair range-bound for a few days. A break beneath this support could tilt the advantage in favor of the bears.

LINK/USD

Chainlink (LINK) rose to a new all-time high on Feb. nine and the up-move extended today, only the bulls are not able to sustain the momentum. This could have resulted in a few short-term traders booking profits.

Withal, the long tail on today'southward candlestick shows the bulls have not given up and are ownership on dips.

If the cost rises from the electric current levels and breaks above $28.6412, the LINK/USD pair may rally to $30 and then $33.

On the contrary, if the bears sink the cost below the twenty-day EMA ($23.85), the pair could drop to $20.1111.

DOGE/USD

Dogecoin's (DOGE) volatility has been reducing and that has resulted in successive inside twenty-four hours candlestick patterns in the by three days. This suggests the bulls and the bears are non taking large directional bets.

If the dubiousness resolves to the upside and the bulls push the price higher up the $0.0875 overhead resistance, the uptrend could resume, with the next target objective at $0.102412 and so $0.13.

Contrary to this supposition, if the price slips below $0.0625, the DOGE/USD pair could beginning a deeper correction that may attain the xx-solar day EMA ($0.44).

BCH/USD

Bitcoin Cash (BCH) turned downwardly from the overhead resistance today and has formed a surly engulfing candlestick blueprint. The bears will at present endeavor to sink the altcoin to the moving averages.

A strong rebound off the moving averages will advise the bulls are ownership on dips. They will then effort to once more push and sustain the price above $539. If they succeed, a rally to $631.71 is possible.

On the reverse, if the bears sink the price below the moving averages, the BCH/USD pair may drop to $370. A strong bounciness off this critical support may keep the pair range-spring between $539 and $370 for a few days.

The views and opinions expressed hither are solely those of the author and practice not necessarily reverberate the views of Cointelegraph. Every investment and trading motility involves risk. Y'all should conduct your own research when making a conclusion.

Market information is provided past HitBTC exchange.