The crypto sector has been on the upswing earlier this week, with Bitcoin (BTC) surpassing $24,000, while Ethereum (ETH) has also reached $1,800 for the first time since the mid-June dump due to the success of the Merge. The remaining major coins in the top 20 also recorded a recovery of 6-10%.&nbsp;Could Bitcoin and other cryptocurrencies continue to rise? To find out, let's examine the top-10 cryptocurrency charts from <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news.</a><h2>BTC/USDT</h2>From $24,245 on August 8 to the 20-day exponential moving average (EMA) ($22,966) on August 9, bitcoin experienced a decline. In an effort to raise the price over the overhead barrier of $24,668, the bulls aggressively bought the drop on August 10.If they are successful, the BTC/USDT pair may gain traction and surge to $28,000. At this price, the bears might put up significant opposition, but if the bulls get past this obstacle, the pair might increase to $32,000. The path of least resistance is to the upside, according to the 20-day EMA's upward slope and the positive zone of the relative strength index (RSI).In contrast, if the price falls below $24,668, bears will try once more to drive the pair below the 20-day EMA.<img src="https://cdn.builder.news/news/11ed1af06b9a72afa8e6023f659fee92.jpg" alt="BTC chart (Source: TradingView)" title="BTC chart (Source: TradingView)" width="600" height="338">&gt;&gt; Related Article: <a href="https://www.builder.news/earn/8-ways-to-earn-more-with-bitcoin-in-a-bearish-market-qea9I" alt="8 ways to earn more with Bitcoin in a bearish market" title="8 ways to earn more with Bitcoin in a bearish market" target="_blank" rel="" class="">8 ways to earn more with Bitcoin in a bearish market</a><h2>ETH/USDT</h2>The price of ether declined from $1,818 on August 8 but remained over the 20-day exponential moving average ($1,637). This points to a significant demand at lower levels.On August 10, the ETH/USDT pair bounced off the 20-day EMA and cleared the overhead resistance at $1,818. The pair may rise to the psychological level of $2,000 and then to $2,200 if buyers keep the price above this point. Bulls are in control, as shown by the rising moving averages and the positive reading on the RSI.If the price reverses and falls below the 20-day EMA, this bullish outlook will be rendered incorrect. The that case, the pair might decline in direction of the 50-day SMA ($1,388). That might prevent the start of the following leg.<img src="https://cdn.builder.news/news/11ed1af06b9a7f6aa8e6023f659fee92.jpg" alt="ETH chart (Source: TradingView)" title="ETH chart (Source: TradingView)" width="600" height="338">&gt;&gt; Related Article: <a href="https://www.builder.news/news/a-deep-dive-into-ethereum-gray-glacier-upgrade-ya1j5" alt="A deep dive into Ethereum Gray Glacier Upgrade" title="A deep dive into Ethereum Gray Glacier Upgrade" target="_blank" rel="" class="">A deep dive into Ethereum Gray Glacier Upgrade</a><h2>BNB/USDT</h2>BNB declined from the $338 to $350 overhead resistance zone on August 8 but the bears were unable to maintain the lower levels on August 10. This indicates that bulls are actively purchasing declines.The bulls will try to clear the overhead zone once more. If they are successful, the BNB/USDT pair may gain traction and surge toward $414. The overbought zone on the RSI suggests that a little pullback or consolidation is conceivable in the near future, despite the rising moving averages favoring buyers.The initial support, if the price declines from the overhead zone, is at $308. To challenge the 20-day EMA ($296), the price will need to fall below this level. A break and close below this level would cause the pair to fall as low as $275, making it a crucial milestone to monitor.<h2>XRP/USDT</h2>On August 8, the bulls were unable to get XRP above the overhead barrier at $0.39. This prompted aggressive selling by the bears, who on August 9 drove the price below the 20-day EMA ($0.37).A little plus is that on August 10, the bulls purchased the drop and drove the price back up above the 20-day EMA. The upward resistance zone between $0.39 and $0.41 will once more be the focus of the buyers' efforts to drive the price higher.Contrary to this presumption, it will suggest that the pair may remain range-bound between $0.30 and $0.39 for a few more days if the price turns down from the overhead resistance and breaks below the 50-day SMA ($0.35).<img src="https://cdn.builder.news/news/11ed1af06b9a84faa8e6023f659fee92.jpg" alt="XRP chart (Source: TradingView)" title="XRP chart (Source: TradingView)" width="600" height="338">&gt;&gt; Related Article: <a href="https://www.builder.news/news/xrp-and-jed-mccaleb-a-crypto-divorce-bvUJ0" alt="XRP and Jed Mccaleb: A crypto Divorce" title="XRP and Jed Mccaleb: A crypto Divorce" target="_blank" rel="" class="">XRP and Jed Mccaleb: A crypto Divorce</a><h2>ADA/USDT</h2>Cardano (ADA), which turned down from the overhead barrier at $0.55 on August 8 and plummeted to the 20-day EMA ($0.51) on August 9, shows that bears are still tenaciously defending the overhead resistance.On August 10, the ADA/USDT pair experienced a rapid bounce from the 20-day EMA, indicating that the bulls are actively purchasing dips. Buyers could begin the pair's northward march to $0.63 and eventually to $0.70 if they successfully cross the overhead barrier.Contrary to this presumption, the likelihood of a break below the 20-day EMA increases if the price again goes downward from $0.55. In such case, the pair might spend a few more days trading in a range between $0.45 and $0.55.<img src="https://cdn.builder.news/news/11ed1af06b9a88e3a8e6023f659fee92.jpg" alt="ADA chart (Source: TradingView)" title="ADA chart (Source: TradingView)" width="600" height="338"><h2>SOL/USDT</h2>On August 8, the bulls made an attempt to drive Solana (SOL) to the overhead resistance at $48 but the bears had other ideas. On August 9, they stopped the attempt at a comeback at $44 and sent the price back below the 20-day EMA ($40).The RSI is just over the middle, both moving averages have flattened down, and there is a balance between supply and demand. The SOL/USDT pair may attempt to overcome the strong resistance at $48 if the price moves higher from its current position and breaks through $44.On the other hand, if the price declines from its current level and breaks through the support line, the advantage may shift in the bears' favor. Then, the pair might fall to $32.<img src="https://cdn.builder.news/news/11ed1af06b9a8d07a8e6023f659fee92.jpg" alt="SOL chart (Source: TradingView)" title="SOL chart (Source: TradingView)" width="600" height="338"><h2>DOGE/USDT</h2>Dogecoin's (DOGE) candlestick from August 9 demonstrates that the bears are vehemently defending the overhead resistance at $0.08. By driving the price below the moving averages, the sellers are aiming to increase their advantage.If they are successful, the DOGE/USDT pair could fall to the ascending triangle pattern's trendline. The bullish setup can be void if there is a break and a closure below this support. After that, the pair might fall below $0.06.On the other hand, if the price moves upward from the current level, it will imply that bulls should keep buying on price declines. Then, the bulls will try one last time to lift the pair over the overhead resistance and launch a fresh uptrend. If they are successful, the pair may increase to $0.10.<img src="https://cdn.builder.news/news/11ed1af06b9a952ca8e6023f659fee92.jpg" alt="DOGE chart (Source: TradingView)" title="DOGE chart (Source: TradingView)" width="600" height="338"><h2>DOT/USDT</h2>On August 8, Polkadot (DOT) opened above and closed above the overhead resistance at $9, however the bulls were unable to capitalize on this strength. On August 9, the price was forcefully pushed back below $9 by the bears.The fact that the DOT/USDT pair swiftly recovered from the 20-day EMA ($8.30) is a good indication, though. This suggests that traders are now buying on dips and that sentiment has changed to one of optimism. Bulls will make an effort to drive the price up to $10.80 and then to $12.The bears will need to push the price back below the 20-day EMA in order to disprove this hypothesis. Such a move would imply that bears continue to sell aggressively at higher levels. That might cause a few days of range-bound action.<img src="https://cdn.builder.news/news/11ed1af06b9a99d8a8e6023f659fee92.jpg" alt="DOT chart (Source: TradingView)" title="DOT chart (Source: TradingView)" width="600" height="338"><h2>MATIC/USDT</h2>Although the bulls were able to keep Polygon (MATIC) above the 20-day EMA ($0.87), they were unable to overcome the overhead resistance at $1.02. This implies that higher levels of demand are insufficient.Bulls are in control due to the 20-day EMA's continuing ascent and the bullish reading on the RSI. The MATIC/USDT pair could rise to the overhead resistance at $1.02 if buyers push the price above $0.95. A break above this level might lead to a rise to $1.26 and eventually $1.50, thus it is crucial for the bears to hold it.The pair may instead continue to swing between $0.75 and $1.02 for some time if the price declines from the current level and breaks below the 20-day EMA.<img src="https://cdn.builder.news/news/11ed1af06b9a9e26a8e6023f659fee92.jpg" alt="MATIC chart (Source: TradingView)" title="MATIC chart (Source: TradingView)" width="600" height="338"><h2>AVAX/USDT</h2>The lengthy wick on the candlestick for Avalanche (AVAX) on August 8 indicates that bears have not given up and that they still sell on rallies. On August 9, the price retreated to the breakout level, but on August 10, the bulls successfully defended it.The AVAX/USDT pair may cross above the overhead resistance at $31 if buyers maintain the upswing. If that occurs, the pair may start moving higher once more, maybe reaching $33The 20-day EMA ($24.88) is the critical mark to watch on the downside. The breakout over $26.38 may have been a bull trap, according to bears, if they manage to push the price down below this level of support. After that, the pair could regress to the support line.<img src="https://cdn.builder.news/news/11ed1af06b9aa1d7a8e6023f659fee92.jpg" alt="AVAX chart (Source: TradingView)" title="AVAX chart (Source: TradingView)" width="600" height="338">&gt;&gt;&gt; For more comprehensive information inside the crypto world, check <a href="https://www.builder.news/category/crypto-insights" alt="Crypto Insights" title="Crypto Insights" target="_blank" rel="" class="">Crypto Insights</a> from Builder.news<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

After the neutral CPI report on August 10, Bitcoin and other cryptocurrencies are trying to convert strong overhead resistance levels to support in order to position themselves for the upcoming leg higher.

Market Analysis: Top 10 cryptocurrencies to watch next week (15-21 Aug)