- Bitcoin Price Analysis
- Ether Price Analysis
- BNB Price Analysis
The United States consumer price index for August rose by 0.2%, in line with estimates, but risky assets reacted negatively.
Bitcoin Price Analysis
Bitcoin’s price recovery faces selling at the 20-day exponential moving average ($57,841), but the long wick on the September 11 candlestick shows solid buying near $55,724, indicating support at lower levels.
Ether Price Analysis
Ether rose above the breakdown level of $2,300, but the relief rally is encountering selling near the 20-day EMA ($2,451). If the price sustains below $2,300, it will suggest that bears are in command. On the contrary, if buyers push and sustain the price above the 20-day EMA, the pair could rally to $2,682 and later to the breakdown level of $2,850.
BNB Price Analysis
BNB’s recovery is facing selling at the $522 level, indicating that the bears are active at higher levels. However, if bulls sustain the current levels, it increases the likelihood of a rally to $600 and subsequently to $635.
The analysis shows that buyers are supporting assets at lower levels, creating opportunities for further growth of selected cryptocurrencies under favorable conditions.
