Bitcoin (BTC) witnessed a tough battle between Bulls and bears near the $25,000 level. A clear winner may not emerge in the near term due to a lack of catalyst and because there are no major macro data scheduled for this week in the US. Data points from Asia or Europe may increase volatility, but are unlikely to initiate further directional movement.

Anthony Scaramucci, Founder and Managing Partner of Skybridge Capital, in an interview with CNBC, advised investors to overcome the current uncertainty in cryptocurrencies and to “stay patient and stay for the long haul.” He expects Bitcoin to reward investors immensely with a strong uptrend over the next six years.

Along with the focus on Bitcoin, investors are also keeping a close eye on Ether (ETH) ahead of its scheduled September 15 merger. A whale address that had participated in the ICO genesis but had been inactive for three years transferred around 150,000 Ether on August 14. This has led to differing opinions, with some speculating the whale might dump its holdings after the merger, but others believe the transfers may have been made to stake the huge amount of Ether.

Could buying emerge at lower levels and resume the rise in Bitcoin and altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.

BTC/USDT

The bulls attempted to resume Bitcoin’s rise, but the bears aggressively sold off at $25,211 and drove the price down to the 20-day exponential moving average ($23,483). This resulted in an off-day candlestick pattern forming on August 15th.

The gradually sloping 20-day EMA and the Relative Strength Index (RSI) in positive territory indicate an advantage for buyers. If the price bounces off the 20-day EMA, it will suggest that the bulls are buying the bears at that level. This could improve the outlook for a break and close above $24,668.

If that happens, the pair could start its march north towards $28,000 where the bears could pose a big challenge again.

Another possibility is that the bears will cause the price to drop below the 20-day EMA. If that happens, the pair could drop to the 50-day simple moving average ($22,037) and later to the uptrend line.

ETH/USDT

Ether repeatedly breached the psychological resistance at $2,000 over the past two days, but the bulls were unable to sustain the higher levels. This suggests that bears pose a significant challenge at this level.

ETH/USDT could drop to the breakout level at $1,700. This is an important level to watch because if the bulls return $1,700 into support, it will increase the likelihood of a break above $2,000. If that happens, the pair could rally to the downtrend line.

The upward sloping 20-day EMA ($1,756) and the RSI in positive territory indicate that the bulls are in control. To invalidate this bullish view, the bears will have to sink and hold the price below the 20-day EMA. This could push the pair down to the 50-day SMA ($1,465).

BNB/USDT

The rise in Binance Coin (BNB) hit a hurdle at overhead resistance at $338. The bears will now try to drive the price down to the immediate support at the 20-day EMA ($306).

If the price bounces off this support, the buyers will again attempt to push the BNB/USDT pair above the $338-$350 resistance zone. The 20-day EMA sloping upwards and the RSI in positive territory indicates that the path of least resistance is to the upside.

This positive view could be invalidated in the short term if the price declines and falls below the 20-day EMA. If that happens, short-term traders could rush to the exit and it could pull the pair towards the 50-day SMA ($266).

XRP/USDT

The bulls attempted to push XRP above the overhead resistance at $0.39 on August 13-14, but the bears held firm. This may have attracted profit bookings from short-term traders who pulled the price below the 20-day EMA ($0.37).

If the bears push the price below the 50-day SMA, the XRP/USDT pair could remain in the range between $0.30 and $0.39 for some time yet. The flat 20-day EMA and RSI near the midpoint also suggest near-term consolidation.

Conversely, if the price bounces off the moving averages, it will indicate that lower levels are attracting buyers. The bulls will then try again to clear the overhead hurdle and push the pair to $0.48 and later to $0.54.

ADA/USDT

The bulls pushed Cardano (ADA) above overhead resistance at $0.55 on August 13, but were unable to maintain momentum on August 14. This suggests that the bears are active at higher levels.

The price declined on August 15 and reached the breakout level of $0.55. The area between $0.55 and the 20-day EMA ($0.53) is likely to attract strong bull buying. If the price rebounds out of this zone, the buyers will attempt to retake the bullish move again and push the ADA/USDT pair to $0.63 and then to $0.70.

On the contrary, if the price declines and breaks below the 20-day EMA, it will suggest that the break above $0.55 may have been a bull trap. The pair could then drop to the 50-day SMA ($0.49).

SOL/USDT

Solana (SOL) reached the overhead resistance at $48 on August 13, but the bulls were unable to overcome this barrier. The bulls tried to break through the air barrier again on August 15, but the bears did not give in.

If the SOL/USDT pair breaks below the 20-day EMA ($42), the next stop could be the support line. This is an important level for bulls to defend as a breakout and close below could invalidate the bullish ascending triangle pattern. The pair could then drop to $32.

Conversely, if the price bounces off the 20-day EMA, the bulls will again try to push and hold the pair above $48. If they succeed, the bullish setup will end and the pair could rally back to $60.

DOGE/USDT

Dogecoin (DOGE) bounced off the 20-day EMA ($0.07) on August 12 and broke above overhead resistance at $0.08 on August 14. This completed the bullish ascending triangle pattern, but the bulls could not sustain the breakout.

The bears sold higher and took the price back below the breakout level on August 15th. A small silver lining is that the lower levels are attracting buyers, as shown by the long tail of today’s candlestick. If the price holds above $0.08, the buyers will try to resume the rise and push the DOGE/USDT pair to $0.10.

Contrary to this assumption, if the price slips below the moving averages and the triangle trendline, it will invalidate the bullish setup. The pair could then fall to $0.06.

Related: Crypto-Focused Venture Capital Firm Dragonfly Acquires Hedge Fund: Bloomberg

DOT/USDT

Polkadot (DOT) broke above the broad resistance of $9.65 on August 13, but the bulls were unable to sustain the higher levels. This may have tempted short-term traders to book profits.

The DOT/USDT pair fell below the $9 breakout level on August 14 and the price reached the 20-day EMA ($8.63) on August 15. This is an important level to watch as a break below could suggest that the bullish momentum has weakened. The pair could then decline to the 50-day SMA ($7.68) and remain within the range for some time.

Alternatively, if the price bounces off the 20-day EMA, the bulls will attempt to breach the broad resistance at $9.68. If successful, the pair could rise to $10.80 and later to $12.44.

SHIB/USDT

Shiba Inu (SHIB) had been trading above $0.000012 since August 7, but the rise had failed to gather momentum. This changed with the strong rally on August 14, which pushed the price above the broad resistance at $0.000017.

However, the bears did not give up. They sold the rise above $0.000017 and brought the price back below the August 15 level. SHIB/USDT might find support at $0.000015 and then $0.000014. If the price bounces off either level, the buyers will again try to clear the overhead hurdle. If they succeed, the pair could rally to $0.000022.

On the contrary, if the price breaks below $0.000014, it will indicate that the pair might swing in a wide range between $0.000010 and $0.000018 for a few more days.

AVAX/USDT

Buyers attempted to push Avalanche (AVAX) above overhead resistance on August 13, but bears blocked the attempt at $30.35. This suggests that the bears are active at higher levels.

The AVAX/USDT pair might decline to the breakout level of $26.38, which is just above the 20-day EMA ($26.34). The bulls should defend this level vigorously. If the price bounces off $26.38, it will suggest demand at lower levels. The pair could then consolidate between $26.38 and $31 for a while.

If the bears drive the price below $26.38, several aggressive bulls could get trapped. This could drop the pair into the 50-day SMA ($22.39).

Conversely, if the price rebounds from the current level and breaks above $31, this will suggest the start of a rally to $33 and later to the pattern target of $39.05.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC swap.