BTC

Bitcoin has fallen below the 20-day exponential moving average ($47,441), which is the first sign of further correction. The next key support level is the 50-day simple moving average of $41,066. Since October, the price has not closed below this support level.

If the price rebounds from the support level and rises above the 20-day moving average, it indicates that market sentiment is still bullish and traders are buying on dips.

BNB

Since February 20, Binance Coin (BNB) has been in a correction phase, which shows that traders are booking profits after the sharp rise on February 19. However, the rate of decline since February 25 has been gradual, indicating that traders are not panicking.

The price has now fallen to the 20-day moving average ($194), and buyers can step in. If the price rebounds from the support level and breaks the downtrend line, BNB/USD may once again attract buying from short-term traders.

MIOTA

Since hitting $1.554775 on February 19, MIOTA has been in a correction phase. Despite the large correction, the positive sign is that the bulls have successfully defended the 20-day EMA ($1.09) in the past few days.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Bee Network. This shall not be as an investment advice. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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