Although the news that the Fed increased interest rates is frequently interpreted negatively, it is possible that because of preparing for the scenario of a 0.75% increase in advance, both the US stock market and the cryptocurrency market received the news positively.On how Bitcoin will move in the future, analysts have differing opinions (BTC). Some predict that Bitcoin will decline from its current level and hit a new year-to-date low after the event, while others predict that the recovery will gain momentum.Do the charts indicate a recovery rally or another decline? To find out, let's examine the top-10 cryptocurrency charts from <a href="http://builder.news" alt="Website" title="Website" target="_blank" rel="" class="">Builder.news</a>.&nbsp;<h2>BTC/USDT</h2>On July 25, Bitcoin dropped below the 20-day EMA ($21,738) and re-entered the symmetrical triangle formation. This implies that the recent triangle breakout might have been a bull trap.The BTC/USDT pair may increase to the overhead resistance at $24,276 if buyers push the price above the moving averages. For a new up-move to begin, the bulls must overcome this obstacle.In contrast, the bears will attempt to move the pair toward the support line if the price declines from the moving averages.<img src="https://cdn.builder.news/news/11ed0f2682621753a8e6023f659fee92.jpg" alt="BTC Chart" title="BTC Chart" width="600" height="338">&gt;&gt; Related Post:&nbsp;<a href="https://www.builder.news/crypto-insights/bitcoin-narratives-wmNPA" alt="Bitcoin narratives: believers and doubters" title="Bitcoin narratives: believers and doubters" target="_blank" rel="" class="">Bitcoin narratives: believers and doubters</a><h2>ETH/USDT</h2>On July 26, Ether (ETH) reversed from the overhead resistance and fell to the 20-day EMA ($1,406). The candlestick's lengthy tail indicates active purchasing at lower levels.Bulls will try to raise the price to $1,700, which is the overhead barrier. It's vital to keep an eye on this level because a break and closure above it could indicate a shift in trend. The ETH/USDT pair might then increase to $2,000 from there.On the other hand, it will imply a lack of aggressive buying if bulls fail to produce a robust rebound off the 20-day EMA. That might make a slide to $1,280 more likely.<img src="https://cdn.builder.news/news/11ed0f26826245a4a8e6023f659fee92.jpg" alt="ETH Chart" title="ETH Chart" width="600" height="338"><h2>BNB/USDT</h2>On July 26, BNB bounced off the 50-day SMA ($239) indicating that the bulls are seeking to turn this level into support. The buyers will attempt to test the downtrend line now that the price has risen over the 20-day EMA ($250).It will signal a probable trend change if bulls drive the price above the downtrend line. The BNB/USDT pair might then advance to the ascending channel's resistance line, where the bears might launch a fierce defense.In contrast, it will indicate that bears are active at higher levels if the price reverses from the current level or the downtrend line. The sellers will then try once more to drive the pair below the channel's support line.<img src="https://cdn.builder.news/news/11ed0f2682624bc1a8e6023f659fee92.jpg" alt="BNB Chart" title="BNB Chart" width="600" height="338"><h2>XRP/USDT</h2>On July 25, Ripple (XRP) fell below the moving averages, allowing for a potential decline to the firm support level of $0.30. Typically, traders will buy close to the support and sell at the resistance points in a range.The $0.30 level is therefore likely to be vigorously defended by the bulls. The XRP/USDT pair may remain range-bound between $0.30 and $0.39 for a few days if there is a big rebound off of this level.<img src="https://cdn.builder.news/news/11ed0f26826250f2a8e6023f659fee92.jpg" alt="XRP Chart" title="XRP Chart" width="600" height="338">&gt;&gt; Related Post:&nbsp;<a href="https://www.builder.news/crypto-insights/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>On July 25, Cardano (ADA) decreased and closed below the moving averages. The sturdy support level of $0.44 was challenged by the bears, but the bulls stood their position.In an effort to raise the price above the moving averages, buyers are involved. The ADA/USDT pair may increase the overhead resistance to $0.55 if they take that action.In contrast, the next stop maybe $0.40 if the stock declines from the moving averages and breaks below $0.44. A break below this level can indicate the return of the downtrend.<img src="https://cdn.builder.news/news/11ed0f268262553fa8e6023f659fee92.jpg" alt="ADA Chart" title="ADA Chart" width="600" height="338"><h2>SOL/USDT</h2>On July 26, Solana (SOL) crossed the support line and fell below the moving averages. The bulls are making an effort to hold the level but are having difficulty getting the price to rise above the moving averages.This implies that when demand rises, it becomes less and less. The RSI is barely below the midpoint and the 20-day EMA ($38) is flattish, indicating an equilibrium between buyers and sellers. If the price breaks and closes below the support line, the bears may gain the upper hand in this situation.The purchasers will need to raise the price above the 20-day EMA in order to disprove this gloomy outlook. The pair may rise to the overhead resistance at $48 if they manage to do that.<img src="https://cdn.builder.news/news/11ed0f26826259a2a8e6023f659fee92.jpg" alt="SOL Chart" title="SOL Chart" width="600" height="338"><h2>DOGE/USDT</h2>On July 26, Dogecoin (DOGE) fell below the trendline, but the bears were unable to maintain the lower levels. The bulls pushed the price back into the ascending triangle after purchasing the dip.Bears are in control since the moving averages have started to slope downward and the RSI is in the negative zone. The probability of a drop to $0.05 rises if the price declines and closes below the trendline.This assumption is incorrect, as the DOGE/USDT pair could increase to the overhead resistance at $0.08 if the price moves upward from the current level and breaks above the moving averages.<img src="https://cdn.builder.news/news/11ed0f2682627161a8e6023f659fee92.jpg" alt="DOGE Chart" title="DOGE Chart" width="600" height="338">&gt;&gt; Related Post:&nbsp;<a href="https://www.builder.news/news/do-you-know-about-trends-in-the-crypto-market-Id5mA" alt="Do you know about &quot;trends&quot; in the Crypto market?" title="Do you know about &quot;trends&quot; in the Crypto market?" target="_blank" rel="" class="">Do you know about "trends" in the Crypto market?</a><h2>DOT/USDT</h2>For the previous few days, Polkadot (DOT) has been fluctuating between the key support level at $6 and the 50-day SMA ($7.36). Although the 20-day EMA ($7.13) is unchanged, the RSI is in the negative range, suggesting that sellers may be somewhat in the lead.The bears will aim to plunge the DOT/USDT pair below $6 once more if the price moves lower from the present level or the 50-day SMA. The pair may begin the following leg of the downturn if successful.On the other hand, it will indicate demand at lower levels if the price increases and crosses over the 50-day SMA. When the pair reaches $8.79, the bears can again present severe resistance.<img src="https://cdn.builder.news/news/11ed0f2682627b69a8e6023f659fee92.jpg" alt="DOT Chart" title="DOT Chart" width="600" height="338"><h2>MATIC/USDT</h2>On July 26, Polygon (MATIC) fell under the 20-day EMA ($0.75), but the bulls took advantage of the drop, as evidenced by the lengthy tail on the candlestick for the day.The upward movement is being attempted by the purchasers, who may encounter fierce selling at the resistance line. Bulls could gain momentum and push the MATIC/USDT pair up to the $1 psychological level if they manage to overcome this overhead barrier. A close above this point might pave the way for a surge to $1.26.This assumption is incorrect because a break below $0.75 is more likely if the price moves lower from the resistance line. If it takes place, the index may drop to $0.63.<img src="https://cdn.builder.news/news/11ed0f268262974fa8e6023f659fee92.jpg" alt="MATIC Chart" title="MATIC Chart" width="600" height="338"><h2>AVAX/USDT</h2>On July 25, Avalanche (AVAX) fell under the $21.35 breakthrough barrier, demonstrating that bears are actively selling on rallies. The bulls' attempt to defend the 50-day SMA ($19.45) is a small positive.A balance between supply and demand can be seen because the 20-day EMA ($21.43) has flattened out and the RSI is close to the middle of the range. If the price declines below the support line, this edge may shift in the sellers' favor.On the other hand, the AVAX/USDT pair may increase to $26.50 if the index maintains above the 20-day EMA. For the upswing to resume, the bulls must overcome this overhead barrier. Then, the price could increase to $33 again.<img src="https://cdn.builder.news/news/11ed0f268262a670a8e6023f659fee92.jpg" alt="AVAX Chart" title="AVAX Chart" width="600" height="338">&gt;&gt; For more comprehensive information inside the crypto world, check <a href="https://www.builder.news/category/crypto-insights">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>

Before the FOMC meeting on July 27, Bitcoin and other cryptocurrencies rose. Will the 0.75% rate hike end the current rally?

Market Analysis: Top 10 cryptocurrencies to watch next week (1 - 7 August)