Bitcoin I lalo ole $24000 Fa'ailoga Fa'amata'u Altcoins Mo Fa'asa'oga Fa'aopoopo

Crypto Price Today Feb 26th: Bitcoin, the largest cryptocurrency by market cap, witnessed a significant downfall this week. Thus, the BTC tau plunged below the $24000 mark, causing a correction phase in the majority of major coins. However, amid the ongoing downfall, interested traders could grab the pullback opportunity and buy coins at a discounted price.

Stack(STX)

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Despite this week’s sell-off in the crypto market, the stack price turned sideways and managed to sustain above the rising support trendline. This trendline being part of an ascending channel pattern, could bolster a slow yet steady rally until just the structure is intact.

By the press time, STX price trades at $0.733 with an intraday loss of 3.8%. However, in theory, this pattern’s most likely outcome is a significant downfall once the pattern breaches the support trendline. Thus, the STX price possible breakdown from the support trend could trigger a significant downfall and discount the market value by 22.7%.

Ankr(ANKR)

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Amid the increasing bearishness in the crypto market, the Ankr price rally has recently turned down from the $0.0574 mark. The resulting downfall tumbled the prices by 27.4% and breached below the $0.43 support.

Today, the ANKR price trades at $0.041 with an intraday gain of 2.33%. If the coin price shows sustainability above $0.43 in the coming days. The correction phase will prolong by 12% and revisit the $0.37 mark.

Anyhow, The decreasing volume during this downfall indicated the ongoing correction must be temporary. 

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BinaryX(BNX)

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The BinaryX coin has been walking a sideways trend over the past four days, the coin prices continue to wobble between the $1.785 and $1.27 mark, indicating the market sentiment is uncertain.

The area within the aforementioned level can be considered a no-trading for market participants. By the press time, the a trades at the $1.346 mark, and traders looking for an entry opportunity should wait for a price breakout from either side of the range to trigger a significant downfall.

A potential bullish breakout from the $1.785 resistance could push the prices to the following targets of $1.93, $2.12, or $2.3

Lido Dao(LDO)

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The Lido Dao coin shows the formation of a alualu i luma mamanu in the daily time frame chart. The coin price retested the pattern’s trendlines several times, indicating the traders are actively responding to this technical setup.

E ala i le taimi faasalalau, o le LDO price trades at the $3.086 mark with an intraday gain of 5.19%. As the prices continue to trade within the pattern’s trendlines, the traders could expect a prolonged uptrend.

Anyhow, if the daily candle closes below the support trendline, the sellers could trigger a new correction phase.