Price analysis 2/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, SUI, XLM

The failure of the bears to sink Bitcoin ( BTC ) below $93,000 attracted buyers who pushed the price near $99,500 on Feb. 21. The bulls will try to strengthen their position by pushing the price above the psychologically crucial $100,000 level . If they do that, Bitcoin may move toward its all-time high.

When the price settles inside a well-defined range, traders buy near the support and sell close to the resistance. Therefore, buyers may find it difficult to push the price above the all-time high of $109,588. 

Significant buying or selling pressure is needed to push the price out of the range, which usually requires a trigger. Until that happens, the price may continue its volatile random price action inside the range.

Crypto market data daily view. Source: Coin360

Although Bitcoin has been range-bound for several weeks, inflows have continued into spot Bitcoin exchange-traded funds. A post on X by CryptoQuant’s head of research, Julio Moreno, highlighted ETF inflows of $4.3 billion in Q1 2025 , compared to $4.8 billion in Q1 2024. However, the analyst added that in Bitcoin terms, the demand is down from 100,000 Bitcoin in 2024 to roughly 41,000 Bitcoin in 2025.

Could Bitcoin surpass the psychological $100,000 resistance, triggering a rally in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin rose above the 20-day exponential moving average ($97,700) on Feb. 20, indicating that the bulls are trying to seize control.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The $100,000 level could act as a stiff barrier, but it is likely to be crossed. The BTC/USDT pair could surge to $102,500 and thereafter to $106,500. Buyers are expected to face significant resistance in the $106,500 to $109,588 zone.

Time is running out for the bears. If they want to stall the upmove, they will have to quickly yank the price below $93,388. That could clear the path for a retest of the critical $90,000 support. The bulls are expected to defend the $90,000 level with all their might because a break below it will complete a bearish double-top pattern.

Ether price analysis

Buyers pushed Ether ( ETH ) to the breakdown level of $2,850 on Feb. 21, but the long wick on the candlestick shows solid selling at higher levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price remains below the 20-day EMA ($2,777), the bears will again attempt to sink the ETH/USDT pair below $2,500. If they can pull it off, the pair could plunge to $2,400 and subsequently to $2,300.

On the contrary, if the price rises above $2,850, the pair could reach the downtrend line. Sellers are expected to defend the downtrend line, but if the bulls prevail, the pair could rally toward $3,400.

XRP price analysis

The bulls pushed XRP ( XRP ) above the 50-day SMA ($2.72) on Feb. 19, but the bears pulled the price lower on Feb. 20.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($2.64) and the RSI near the midpoint suggest the XRP/USDT pair could remain inside the symmetrical triangle for a while. If the price breaks above the 50-day SMA, the pair could rise to the downtrend line. Conversely, a close below the 20-day EMA could sink the pair to the support line.

The next trending move is likely to begin on a break above or below the triangle. A break above the downtrend line could propel the pair to $3.40, while a slide below the support line may sink the pair to $1.90.

BNB price analysis

Buyers are trying to push BNB ( BNB ) above the 50-day SMA ($668), indicating solid demand at lower levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The short-term advantage will tilt in favor of the bulls if they push and sustain the price above $686. The BNB/USDT pair could climb to $745, which is expected to pose a substantial challenge to the bulls.

If the price turns down sharply from the 50-day SMA, it will signal selling on rallies. The bears will try to pull the price below $650. If they succeed, the pair could dip to $596 and then to $557. That brings the larger $460 to $745 range into play.

Solana price analysis

Buyers have pushed Solana ( SOL ) above the breakdown level of $175, indicating the start of a relief rally.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($192) is sloping down, and the RSI is in the negative zone, indicating that bears hold the edge. If the price turns down from the current level or the 20-day EMA, it will indicate selling on rallies. The bears will then attempt to sink the SOL/USDT pair to $155.

Contrary to this assumption, a break and close above the 20-day EMA suggests that the markets rejected the break below $175. The pair could climb to the 50-day SMA ($210) and later to $220.

Dogecoin price analysis

Dogecoin ( DOGE ) has been stuck between the 20-day EMA ($0.27) and the support line of the descending channel pattern.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The downsloping 20-day EMA and the RSI in the negative territory indicate an advantage to sellers. The selling could accelerate on a break and close below the support line. There is support at $0.20, but that is likely to be broken. The DOGE/USDT pair could then slide to $0.15.

This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA. The pair could then rise to the 50-day SMA ($0.31), which is expected to behave as a strong barrier.

Cardano price analysis

Cardano ( ADA ) has been witnessing a tough battle between the bulls and the bears near the 20-day EMA ($0.80).

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If buyers push and maintain the price above the 20-day EMA, the ADA/USDT pair could rise toward the 50-day SMA ($0.90). That suggests the pair could extend its stay inside the descending channel pattern for some more time. Buyers will gain the upper hand after they propel the price above the resistance line.

On the downside, a break and close below $0.73 could sink the pair to the support line. The bulls are expected to aggressively defend the support line.

Related: Here’s what happened in crypto today

Chainlink price analysis

Chainlink ( LINK ) has risen to the breakdown level of $19.25, indicating that the bulls are attempting to start a recovery.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The downsloping moving averages and the RSI below 44 suggest that the bears are unlikely to give up easily. If the price turns down sharply from $19.25 and breaks below $17, it will signal that the bears remain in control. The LINK/USDT pair could then fall to $15.40.

If buyers want to prevent the fall, they will have to swiftly push the price back above the $19.25 resistance. If they do that, it will suggest that the markets have rejected the breakdown. The pair may rally to the 50-day SMA ($21.49).

Sui price analysis

Sui ( SUI ) rebounded off the $2.86 support on Feb. 18, indicating that the bulls are trying to form a strong floor at the level.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

If the price maintains above the 20-day EMA ($3.44), the SUI/USDT pair could rise to $3.74. This is a crucial resistance to watch out for because a close above $3.74 will complete a short-term double-bottom pattern. There is resistance at the 50-day SMA ($4.05), but if the level is crossed, the pair could rally to the pattern target of $4.62.

Sellers will have to pull the price below the $2.86 support to start a deeper correction to $2.39 and later to $2.20.

Stellar price analysis

Stellar ( XLM ) is facing selling at the 20-day EMA ($0.34), signaling that the bears continue to sell on minor rallies. 

XLM/USDT daily chart. Source: Cointelegraph/TradingView

The $0.31 support is the critical level to watch out for on the downside. A break and close below $0.31 will complete a descending triangle pattern. The XLM/USDT pair may then slump to $0.26 and, after that, to $0.20.

Contrarily, a break and close above the 20-day EMA suggests that the selling pressure is reducing. The pair may rise to the 50-day SMA ($0.39) and later to the downtrend line. Sellers are expected to fiercely defend the downtrend line.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.