Shiba

Cardano

Dogecoin

Shiba Inu

Avalanche

The United States consumer price index for August rose 0.2% for the month, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dismisses-cpi-print-daily-btc-price-losses-pass-3" rel="noopener noreferrer nofollow" target="null" text="null" title="null">in line with estimates</a>, but the risky assets reacted negatively. The S&amp;P 500 Index (SPX) fell more than 1.5% initially, but it has recovered its initial loss and turned positive. Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>), which had dipped near $55,500, has also pulled back to over $57,500 level. The recovery shows solid buying at lower levels.
The next major trigger for the risky assets could be the interest rate cut from the US Federal Reserve at its upcoming meeting on Sept. 18. CME Group’s FedWatch Tool shows an <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-dismisses-cpi-print-daily-btc-price-losses-pass-3" rel="noopener noreferrer nofollow" target="null" text="null" title="null">85% probability of a 25-basis point cut</a>.&nbsp;
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e238-e5c5-7d73-beba-f5ed6011874a">
 <figcaption style="text-align: center;">
 Crypto market data daily view. Source: <a data-ct-non-breakable="null" href="https://coin360.com" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Coin360</a>
 </figcaption>
</figure>
Bitcoin’s recovery above $58,000 on Sept. 9 seems to have improved sentiment. According to Farside Investors data, the US-based exchange-traded funds witnessed <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-bears-dominate-futures-market-price-dip" rel="noopener noreferrer nofollow" target="null" text="null" title="null">positive inflows on Sept. 9 and Sept. 10</a>.
Could buyers extend the recovery in Bitcoin and select altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
<h2 id="bitcoin-price-analysis">Bitcoin price analysis</h2>
Bitcoin’s recovery is facing selling at the 20-day exponential moving average ($57,841), but the long wick on the Sept. 11 candlestick shows solid buying near $55,724.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e228-20d5-7560-a6d5-3209da9366dd">
 <figcaption style="text-align: center;">
 BTC/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price rises above the 20-day EMA, it will suggest that the bulls are trying to form a higher low. That will increase the possibility of a break above the 50-day simple moving average ($60,259). The BTC/USDT pair could rally to $65,000.&nbsp;
Contrarily, if the $55,724 support cracks, it will signal that the bears have maintained their selling pressure. The pair could plunge to $52,550 and thereafter to the pivotal support at $49,000.
<h2 id="ether-price-analysis">Ether price analysis</h2>
Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ETH</a>) bulls pushed the price above the breakdown level of $2,300, but the relief rally is facing selling near the 20-day EMA ($2,451).
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e229-d43c-72a1-ab01-4b1f33a27c7f">
 <figcaption style="text-align: center;">
 ETH/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price sustains below $2,300, it will suggest that the bears are in command. That could pull the ETH/USDT pair to $2,111. Buyers will try to arrest the fall at $2,111, but if the level gives way, the pair could reach psychological support at $2,000.
If buyers want to make a comeback, they will have to kick and sustain the price above the 20-day EMA. The pair could rally to the 50-day SMA ($2,682) and later to the breakdown level of $2,850.
<h2 id="bnb-price-analysis">BNB price analysis</h2>
BNB’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/binance-coin-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BNB</a>) recovery is facing selling at the 20-day EMA ($522), indicating that the bears are active at higher levels.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e22a-89c3-7f28-baaf-8a00df895c5d">
 <figcaption style="text-align: center;">
 BNB/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the bulls do not give up much ground from the current levels, the likelihood of a rally above the moving averages increases. That could clear the path for a possible rally to $600 and subsequently to $635.
This positive view will be invalidated in the near term if the price turns down and breaks below the $495 to $460 support zone. If that happens, the BNB/USDT pair could start a downtrend to $360.
<h2 id="solana-price-analysis">Solana price analysis</h2>
Solana’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">SOL</a>) relief rally is facing selling at the 20-day EMA ($136). This suggests that the bears have not given up and are selling on every minor rise.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e22b-b736-784b-ae90-95f75233b53c">
 <figcaption style="text-align: center;">
 SOL/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
The bears will try to sink the price to the pivotal support at $116. The bulls are expected to protect this support with all their might because a break below $116 could start a new downtrend toward $100 and then $80.
On the upside, the bulls will have to overcome the obstacle at the 50-day SMA ($148) to signal that the selling pressure is reducing. The SOL/USDT pair could then rally to $164, which may act as a short-term resistance.
<h2 id="xrp-price-analysis">XRP price analysis</h2>
XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">XRP</a>) pulled back to the breakdown level of $0.54 on Sept. 9, but the bulls could not clear this hurdle.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e22d-560d-7f34-8a64-d073a5cad1c2">
 <figcaption style="text-align: center;">
 XRP/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price continues lower and breaks below $0.52, it will suggest that the bears have flipped the $0.54 level into resistance. That may open the doors for a slide to the $0.46 to $0.41 support zone, where the buyers are expected to step in. A bounce off the support zone could keep the XRP/USDT pair inside the $0.41 to $0.64 range for a few more days.
A rally above the 50-day SMA ($0.57) will indicate strength to the bulls, who will try to drive the pair to $0.64. This is a formidable hurdle, but if crossed, the pair may gallop to $0.74.
<h2 id="dogecoin-price-analysis">Dogecoin price analysis</h2>
Dogecoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/doge-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">DOGE</a>) is facing selling near the downtrend line of the falling wedge pattern, indicating that the bears are active at higher levels.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e22e-f73f-7068-bbae-75a1a11872ca">
 <figcaption style="text-align: center;">
 DOGE/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price skids and maintains below the 20-day EMA ($0.10), the DOGE/USDT pair could slump to $0.09. Buyers will have to fiercely defend this level if they want to prevent a collapse to $0.08.
A potential trend change will be signaled after buyers propel the price above the downtrend line. The pair could then attempt a rally to $0.14, where the bears will again try to stall the up move.
<h2 id="toncoin-price-analysis">Toncoin price analysis</h2>
Toncoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/toncoin-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">TON</a>) broke and closed above the 20-day EMA ($5.34) on Sept. 10, but the bulls are struggling to sustain the higher levels.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e230-3ec4-792a-a82f-02832868c19a">
 <figcaption style="text-align: center;">
 TON/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
The flattening 20-day EMA and the RSI just below the midpoint suggest that the TON/USDT pair may swing between the 50-day SMA ($5.97) and $4.50 for some time. The pair remains at risk of completing a head-and-shoulders pattern below $4.50. If that happens, the pair could start a new downtrend toward $3.50.
If bulls want to prevent the downside, they will have to kick and maintain the price above the 50-day SMA. The pair could then jump to the overhead resistance at $7, bringing the large $4.72 to $8.29 range into play.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/is-bitcoin-price-going-to-crash-again" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Is Bitcoin price going to crash again?</a>
<h2 id="cardano-price-analysis">Cardano price analysis</h2>
Cardano (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ada-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">ADA</a>) is witnessing a tough battle between the bulls and the bears near the 20-day EMA ($0.34).
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e231-96e9-71c7-be92-8e0b56efd9d7">
 <figcaption style="text-align: center;">
 ADA/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price turns down and dips below $0.33, the ADA/USDT pair could slide to the vital support at $0.31. Buyers are expected to vigorously defend the level because a break below it may sink the pair toward $0.24.
The first sign of strength on the upside will be a break and close above the 50-day SMA ($0.35). If that happens, the pair may ascend to the downtrend line, where the sellers are likely to mount a strong defense.
<h2 id="avalanche-price-analysis">Avalanche price analysis</h2>
The bulls are finding it difficult to push Avalanche (<a data-ct-non-breakable="null" href="https://cointelegraph.com/avalanche-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">AVAX</a>) above the resistance line of the descending channel, indicating selling at high levels.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e232-393c-755d-b2d1-ff04b8658e82">
 <figcaption style="text-align: center;">
 AVAX/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
If the price slips below the moving averages, the AVAX/USDT pair could drop to $19.50. This is an essential support for the bulls to defend because a break and close below it may start a decline to $17.29 and eventually to the channel’s support line.
On the contrary, if the price turns up from the 20-day EMA ($22.98), it will signal buying on dips. That will improve the prospects of a rally above the descending channel. If that happens, the pair may climb to $29 and then to $33.
<h2 id="shiba-inu-price-analysis">Shiba Inu price analysis</h2>
Buyers tried to push Shiba Inu (<a data-ct-non-breakable="null" href="https://cointelegraph.com/shiba-inu-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">SHIB</a>) above the 20-day EMA ($0.000014) in the past two days, but the bears did not relent.
<figure><img alt="Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e233-9c48-7de0-b8ad-92778b54b6f4">
 <figcaption style="text-align: center;">
 SHIB/USDT daily chart. Source: TradingView
 </figcaption>
</figure>
The bears will try to strengthen their position by pulling the price below the $0.000013 support. If they succeed, it will signal the resumption of the downtrend. The SHIB/USDT pair may then plunge to $0.000011 and later to $0.000010.
The 50-day SMA ($0.000014) is the critical resistance to watch out for on the upside. If buyers overcome this barrier, the pair is likely to pick up momentum and rise to $0.000016. The bears will try to stall the up move at this level, but it is expected to be crossed.
 This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

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