The number of wholecoiners has increased by 40,000 since the dramatic collapse in June, suggesting that smaller investors are benefiting from the current bad market in Bitcoin. In contrast, since May, the number of wallet addresses holding more than 1,000 Bitcoin has decreased by 113.However, according to some analysts, Bitcoin has not yet formed a macro bottom. Despite considerable volatility, trading firm QCP Capital anticipates that Bitcoin will increase steadily for most of the third quarter. In the meantime, despite the capitulation in June, Bitcoin miners appear to be in a positive frame of mind as they raised their Bitcoin holdings in July. Will the rebound stall at higher levels or might Bitcoin and other cryptocurrencies resume their upward trend? To find out, let's examine the top-10 cryptocurrency charts in the next 7 days.<h2>BTC/USDT</h2>On August 2, Bitcoin fell to the 20-day exponential moving average (EMA), which is serving as a strong support ($22,632). Relative strength index (RSI) in the positive region and the progressively ascending 20-day EMA point to a minor advantage for bulls.Now, the buyers will try to raise the price above the $24,668 overhead resistance. If they are successful, the BTC/USDT pair may rise above $28,000 before facing heavy opposition from the bears.In contrast to this presumption, a price decline from the current level or the overhead resistance will indicate that bearish selling is still prevalent at higher levels. The pair could fall to the 50-day simple moving average (SMA) ($21,344) and subsequently to the support line on a break and closing below the 20-day EMA.<img src="https://cdn.builder.news/news/11ed14a3bb5ebc7da8e6023f659fee92.jpg" alt="BTC chart (Source: Tradingview)" title="BTC chart (Source: Tradingview)" width="600" height="338" class="lykafe0">&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>On August 2, Ether (ETH) declined and fell to the 20-day EMA ($1,545), but the candlestick's extended tail indicated that the bulls eagerly bought the fall.Bulls will try to break through the overhead resistance area between $1,700 and $1,785 once more. If they are successful, it could signal a shift in the current trend.The bears will need to drive the price below the 20-day EMA and hold it there in order to disprove this bullish outlook. This might allow for a drop to the strong support level at $1,280. If the pair bounces off of this level, it might stay between $1,280 and $1,700 for a few days.<img src="https://cdn.builder.news/news/11ed14a3bb5ec674a8e6023f659fee92.jpg" alt="ETH chart (Source: Tradingview)" title="ETH chart (Source: Tradingview)" width="600" height="338" class="lykafe1">&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>On August 2, Binance Coin (BNB) rallied off the $275 support, showing that traders are now buying on dips and the sentiment has turned bullish.The bulls will now seek once more to raise the price over $300, which acts as an overhead obstacle. The BNB/USDT pair could gain momentum and rise toward the strong overhead barrier at $350 if they are successful.The path of least resistance is to the upside, according to the rising 20-day EMA ($268) and the positive reading on the RSI. If the price declines and breaks below the 20-day EMA, this bullish outlook may become worthless in the near future.<img src="https://cdn.builder.news/news/11ed14a3bb5ecc34a8e6023f659fee92.jpg" alt="BNB chart (Source: Tradingview)" title="BNB chart (Source: Tradingview)" width="600" height="338" class="lykafe2"><h2>XRP/USDT</h2>Bulls are attempting to defend the 20-day EMA ($0.36), as evidenced by the lengthy tail on the XRP candlestick on August 3. The 20-day EMA's modest upward slope and the positive reading on the RSI point to a slight advantage for buyers.The XRP/USDT pair may indicate the beginning of a fresh upswing if bulls manage to push the price over the $0.39 to $0.41 resistance zone. The pair may then surge to $0.48, where the bears might once more stage a formidable resistance.In contrast to this presumption, the likelihood of a break below the 20-day EMA increases if the price moves down from the current level or the above resistance. If that occurs, the pair might keep acting in range for a few more days.<img src="https://cdn.builder.news/news/11ed14a3bb5ed0e1a8e6023f659fee92.jpg" alt="XRP chart (Source: Tradingview)" title="XRP chart (Source: Tradingview)" width="600" height="338" class="lykafe3">&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>For the previous few days, Cardano (ADA) has been mired in a broad range between $0.40 and $0.55. The moving averages are currently being defended by the bulls.If they are successful, the ADA/USDT pair may rise to the $0.55 overhead resistance. This level should still be avoided at all costs. If bulls manage to get through this obstacle, the pair may rise to $0.63 and then $0.70.Alternately, the pair may decline to the immediate support level of $0.45 if the price breaks below the moving averages. A break below $0.45 might open the door for a decline below $0.40, while a bounce off of this level could create a new, more constrained range between $0.45 and $0.55.<img src="https://cdn.builder.news/news/11ed14a3bb5ee3aba8e6023f659fee92.jpg" alt="ADA chart (Source: Tradingview)" title="ADA chart (Source: Tradingview)" width="600" height="338" class="lykafe4"><h2>SOL/USDT</h2>On August 2, Solana (SOL) fell below the 20-day EMA ($40), then on August 3, it reached the 50-day SMA ($37). The candlestick's extended tail indicates that investors are protecting the support line.The SOL/USDT pair may steadily increase to $48 if bulls push and maintain the price above the 20-day EMA. The rising triangle pattern, which has a target objective of $71, might be completed if this level is broken and closed above.In contrast, the bears will try to push the pair below the support line if the rebound is weak. If they are successful, the bullish setup will be invalidated and the pair could fall as low as $31.<img src="https://cdn.builder.news/news/11ed14a3bb5ee8c7a8e6023f659fee92.jpg" alt="SOL chart (Source: Tradingview)" title="SOL chart (Source: Tradingview)" width="600" height="338" class="lykafe5"><h2>DOGE/USDT</h2>At the 50-day SMA ($0.07), the bulls are seeking to stop Dogecoin's (DOGE) decline. A retest of $0.08 is probable if the rebound holds above the 20-day EMA ($0.07).The price needs to rise over $0.08 and remain there for the bulls to declare the ascending triangle pattern complete.On the other hand, a weak comeback would indicate that demand has dried up at higher levels. That can cause the price to drop to the support of the trendline. The bullish setup can be thrown off if there is a break and a close below this level.<img src="https://cdn.builder.news/news/11ed14a3bb5eee64a8e6023f659fee92.jpg" alt="DOGE chart (Source: Tradingview)" title="DOGE chart (Source: Tradingview)" width="600" height="338" class="lykafe6"><h2>DOT/USDT</h2>The bulls are attempting to stop the pullback as Polkadot (DOT) went down from the overhead resistance and sank to the 20-day EMA ($7.70).The bulls have a little advantage, according to the 20-day EMA's progressively ascending slope and the bullish reading on the RSI. The DOT/USDT pair may rise to $10.80 and then $12 if bulls push the price above the overhead barrier at $9.The pair may also prolong its stay inside the $6–$9 range for a few more days if the price reverses from the current level or the overhead resistance and breaks below the moving averages.<img src="https://cdn.builder.news/news/11ed14a3bb5ef2bea8e6023f659fee92.jpg" alt="DOT chart (Source: Tradingview)" title="DOT chart (Source: Tradingview)" width="600" height="338" class="lykafe7"><h2>MATIC/USDT</h2>On August 2, Polygon (MATIC) jumped off the 20-day EMA ($0.84), showing that bulls are buying on dips. The $0.98 to $1.01 overhead resistance range may be the price's next target.Although the RSI's growing negative divergence calls for caution, buyers could benefit from the upward-sloping moving averages. The MATIC/USDT pair may rise to $1.26 if bulls break through the overhead resistance zone.On the other hand, if the price declines and closes below the 20-day EMA, the pair may go as low as $0.75, a strong support level. The pair may remain range-bound between $0.75 and $1 for a few days if there is a big bounce off of this level.<img src="https://cdn.builder.news/news/11ed14a3bb5f1d22a8e6023f659fee92.jpg" alt="MATIC chart (Source: Tradingview)" title="MATIC chart (Source: Tradingview)" width="600" height="338" class="lykafe8"><h2>AVAX/USDT</h2>On August 2, the bears attempted to drive Avalanche (AVAX) below the 20-day EMA ($22.71), but the bulls resisted. This demonstrates that investors are looking to buy on dips.The bulls will make an effort to raise the price above the $26.38 overhead resistance. If they are successful, the AVAX/USDT pair may close out a bullish ascending triangle pattern with targets at $33 and $38, respectively.Contrary to what is assumed, the pair may move to the support line if the price breaks below the 20-day EMA and turns down from the current level or the overhead resistance. The bulls must protect this level because a break and closing below it could tip the scales in their favor.<img src="https://cdn.builder.news/news/11ed14a3bb5f21bea8e6023f659fee92.jpg" alt="AVAX chart (Source: Tradingview)" title="AVAX chart (Source: Tradingview)" width="600" height="338" class="lykafe9">&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>

As investors buy the dip, Bitcoin (BTC) and other cryptocurrencies are rising along with the US equity markets.

Market Analysis: Top 10 cryptocurrencies to watch next week (8-14 Aug)