Crypto price analysis of January 27: ETH, XRP, ADA, APT and BNB

Von Krypto News Österreich

This week we take a closer look at Ethereum, Ripplecardano, Aptos and Binance Coin.

Ethereum (ETH)

The Ethereum rally cooled down this week after the price was not over $ 1,600 and only recorded an increase of 2 %. The current trend tends down to lower time frames, and a test of the most important support at $ 1,550 seems to be right.

In view of what has been said above, it is difficult to expect that buyers will keep the price at short notice, as a withdrawal and correction appear more likely. At best, buyers can aim to defend the most important support levels at $ 1,550 and $ 1,400.

With a view to the future, ETH could enter into a phase of low volatility after such a steep rally. This could prove to be bullish as long as the buyers do not allow the price to fall too deep, which means that they can create a good basis for the next thrust.

ethusd_2023-0-47-19 Diagram of Tradingview

ripple (XRP)

XRP is in a similar Situation to Ethereum. His price recorded an increase of 4 %last week, but the dynamics of the bulls seem to be released. It seems that market participants are more interested in testing the important support at 40 cents than resistance at 44 cents.

If the buyers do not manage to stay at $ 0.40, this cryptocurrency could quickly fall towards the next support level at $ 0.36. That would also decline the market mood for XRP.

With a view to the future, volatility will probably increase when the level of support is reached. This means that it is important to stay very careful.

xrpusdt_2023-01-27_12-49-19 Diagram by Tradingview

cardano (ada)

Cardano reached a higher high last week, but in the course of this the RSI and the MacD formed a lower low. This is described as a bearish divergence that warns potential buyers that the bullish momentum could shift.

Nevertheless, Ada managed to record a price increase of 11 % last week and was therefore ahead of XRP and ETH. With good support at $ 0.36 cents, Ada could consolidate over this level and try to challenge the most important resistance at 40 cents.

With a view of the future, Cardano has a hard time. Every failure at the $ 0.40 cents is probably used by sellers who have patiently waited to make their train.

Adausdt_2023-01-27_12-48-20 Diagram by Tradingview

aptos (apt)

aptos is the clear winner on our list this week after it has booked a price increase of 127 %. This extraordinary performance is the result of an incredible rally that started in early January. Since then, the price of APT has increased by more than 400 %.

This cryptocurrency can continue your rally at short notice, and a possible reversal point can be found based on the Fibonacci extensions at $ 22.

With a view to the future, Apto's support has $ 16 and $ 11, should the bears decide to take over the price campaign in the future. At the moment, buyers are in a very privileged position, and until a clear resistance is confirmed, the trend remains bullish.

aptusdt_2023-01-27_12-55-33 Diagram of Tradingview

binance coin (bnb)

Binance Coin only achieved a price increase of 3.6 %last week. The buyers also had the difficult task of defending key support at $ 300. Bears tried several times to break this important support, but have so far been unsuccessful.

The key resistance at $ 330 has not been tested, and buyers currently do not have the strength to push the price beyond key support. This could be interpreted as a sign of weakness. But as long as the key level holds $ 300, the bulls still have the upper hand.

With a view to the future, BNB seems to consolidate along its most important level of support, and this could still last some time because the market has found a balance at this level.

bnbusdt_2023-01-27_12-57-02 Diagram by Tradingview

The Post Crypto Price Analysis Jan-27: ETH, XRP, ADA, APT, and BNB first appeared on Cryptopotato.

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