Bitcoin (Bitcoin) Is trying to break through the psychological critical level of $50,000 and end the year with a strong momentum.This Bitcoin rises The value of the Crypto Fear and Greed Index rose sharply from 27 to 45 in one day, indicating that sentiment is improving.

BlockFi co-founder Flori Marquez stated in a recent interview that new talent, regulatory clarity, and higher crypto prices may lead to a feeling of FOMO. Promote the adoption of cryptocurrency in 2022Marquez added, “Most of Blockfi’s customers-when they receive a BTC reward, they will not sell it in exchange for cash.”

Another piece of good news that may further promote the adoption of encryption, popular Internet browsers Opera announces integration with Polygon (MATIC), is expected to go online in the first quarter of 2022. Millions of Opera users, first on the Android platform, and then on other devices, will be able to access Polygon’s ecosystem.

Can Bitcoin and major altcoins extend the recovery period in the last few days of the year? Let’s study the charts of the top 10 cryptocurrencies to find out.

Bitcoin/USD

Bitcoin fell below the 200-day simple moving average (US$47,259) on December 17, but the bears were unable to use its advantage to further amplify the decline. This indicates that the selling has dried up at a lower level.

The bulls pushed the price back above the 200-day moving average on December 21, but the recovery faced resistance at the 20-day exponential moving average ($49,517). This shows that the bears have not given up and are selling on rallies.

If the price falls back from the current level, the bears will try again to break the price below the 200-day moving average and extend the decline to a strong support zone of US$42,000 to US$39,600.

Conversely, if the bulls push the price above the 20-day moving average, the BTC/USDT pair may rise to $52,000. This level may become an obstacle, but if the bulls push the price above this level, the rebound may touch the next major obstacle of $60,000.

Ethereum/USDT

The bulls are trying to push and maintain the ether (Ethereum) Is above the descending channel and the 20-day moving average ($4,055). If they succeed, it means that the correction phase may be over.

The buyer will then try to push the price to 4,488 USD and close to the all-time high of 4,868 USD. A break and close above this resistance level will indicate the resumption of the uptrend. Then the currency pair may rebound to 5,859 USD.

Contrary to this assumption, if prices fall from current levels, it indicates that market sentiment is still negative. The bears will then try to pull the price below $3,643.73. If they do, the ETH/USDT pair may fall to the 200-day moving average ($3,302).

BNB/USDT

Binance Coin (Bitcoin) The psychological support level of $500 has been held in the past few days, indicating that buyers are actively defending this level.

The BNB/USDT currency pair may now rise to the downtrend line, and the shorts may once again form strong resistance here. If the price retreats from this resistance level, it indicates that market sentiment is still negative and traders are selling on rallies.

Breaking and closing below US$500 may start the next round of decline, which may touch the 200-day moving average (US$437).

Or, if the bulls push the price above the downtrend line, it indicates that the correction may be over. The currency pair may then rise to $617, and then to the upper resistance level of $669.30.

Sol/USDT

Solana (Sol) The past few days have been close to the 20-day moving average ($183), indicating that selling pressure may be decreasing.

The flattening 20-day EMA and the relative strength index (RSI) slightly below the midpoint indicate that the bulls are making a comeback. Breaking and closing above the 20-day moving average may begin a strong rebound to US$204.10 and then to US$240.

Conversely, if the price falls from current levels and breaks below $167, it indicates that the bears have absorbed demand. This may clear the way for a drop to US$148.04. If this support breaks, the SOL/USDT currency pair may fall to the 200-day moving average (121 USD).

ADA/USDT

The bear market failed to pull Cardano (have) Below $1.18 caused a rebound to reach the 20-day moving average ($1.35).

If the price drops from the current level, the seller will try again to push the ADA/USDT pair below $1.18. If they succeed, the next stop may be $1. The bulls may actively defend this support because it has not been breached in the past few months.

On the other hand, if the bulls push the price higher and close above the 20-day moving average, it indicates the beginning of a sustained recovery. The first obstacle is $1.47, but if the bulls push the price above it, the currency pair may reach a strong overhead resistance of $1.87.

Ripple/USDT

Ripple It broke through and closed above the 20-day moving average ($0.87) on December 20, indicating that selling pressure is reducing. The bulls are currently trying to push the price above the psychological level of $1.

The 20-day moving average began to gradually rise, and the RSI jumped to a positive area, indicating that the bulls have a slight advantage. Breaking and closing above the US dollar may open the door for a possible rebound to US$1.20 and US$1.41.

Conversely, if the price drops from 1 USD, the XRP/USDT pair may fall to the 20-day moving average. A strong rebound from this level will indicate that market sentiment has turned positive and traders are buying on dips. This will increase the probability of breaking through $1. However, if the shorts push the price below US$0.85, the currency pair may fall to US$0.75.

Moon/USDT

Terra’s LUNA token broke through and closed above the upper resistance level of $78.29 on December 20, indicating the resumption of the upward trend.

The bullish momentum continues, and the LUNA/USDT pair surged to 98.20 USD today. The sharp rise in the past few days has pushed the RSI into the overbought zone, and the currency pair has approached the psychological barrier of $100. This may lead to a small correction or consolidation in the next few days.

If the price falls from the current level but rebounds from $78.29, it indicates that the market sentiment is still bullish and traders buy on dips. Then the buyer will try to resume the upward trend and the next target is $124.65.

The bears will have to pull the price down and maintain it below the 20-day moving average ($69.75) to indicate a change in the short-term trend.

related: Missed the hot crypto stocks of 2021?The data shows that you only need to buy Bitcoin and Ethereum

AVAX / USDT

Avalanche (AVAX) Rebounded from the 20-day moving average ($104) on December 20, which indicates that the bulls are buying on dips. It rose above the 61.8% Fibonacci retracement level of $119.69 on December 21, indicating that the bulls are back in the game.

There is a small resistance at the 78.60% Fibonacci retracement level of $131.70. If this resistance level is cleared, it may retest the historical high of $147. The bulls will have to push the price higher and maintain it above that level to signal the beginning of the next uptrend.

The upward sloping 20-day EMA and positive zone RSI indicate that the bulls have the upper hand. If the price falls and breaks below the 20-day moving average, this positive view will be invalidated. Such a move may bring the price down to $98. If this level gives way, the next stop may be $75.50.

DOT / USDT

polka dot(point) Has rebounded from the strong support area of ??$25 to $22.66, which shows that the bulls are vigorously defending the area.

The recovery may first reach the 20-day moving average ($28.21), where the bears may make a strong defense. If the price falls from this level, the bears will try again to pull the price below the support zone.

If this happens, the DOT/USDT pair may fall to 16.81 USD. Or, if the price breaks through the 200-day moving average ($28.84), it indicates that the downtrend is weakening. The currency pair may first rebound to $31.49 and then rise to $39.35.

Dogecoin/USDT

Dogecoin (dog) The rebound from the strong support of $0.15 on December 20 indicates that buyers continue to defend this level with all their strength.

The DOGE/USDT currency pair has reached the 20-day moving average (0.17 USD), which is a strong resistance. If the price drops from this level, it may make the currency pair stay between the 20-day EMA and 0.15 USD for a few days.

If this narrow trading resolves the downside, the currency pair may fall to US$0.13, and a fall below this level may result in a fall to US$0.10.

Conversely, if the bulls push the price above the 20-day moving average, the currency pair may rise to $0.19. This level may once again become a strong resistance, but if it breaks, the currency pair may start to rebound strongly to $0.22.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph. Every investment and transaction involves risks. When making a decision, you should conduct your own research.

Market data by Bitcoin exchange.