Eurekahedge'south alphabetize of crypto hedge funds have clocked 21.fifteen% returns since the start of 2022 and this is the best performance from the firm since the index started in 2022. Even in 2022, which was the blockbuster twelvemonth for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract farther investments in this space.

Coinbase is now a Visa chief member, the get-go crypto pure-play company to receive the membership. This will assist the company to offer more features and services to its customers of Coinbase cards that are available in 20 markets. Coinbase believes that this pace would be "another pregnant milestone in the mainstream adoption of crypto as a genuine utility."

Daily cryptocurrency market performance. Source: Coin360

Daily cryptocurrency market operation. Source: Coin360

Afterwards the contempo dip, most major cryptocurrencies are attempting to resume their up motility, with a couple close to new lifetime highs. This shows that the sentiment remains bullish and traders are willing to buy the dips. After every rise, expectations of a similar rally to the ane seen in 2022 dominates the limelight.

Though anything is possible in crypto markets, it would be better to see a gradual rising to new highs, instead of the vertical rally, which is unsustainable. Let'southward clarify the charts to see if there are any patterns pointing to a parabolic movement.

BTC/USD

Though Bitcoin (BTC) dipped below the 20-day EMA on Feb. 17, the bears could non sustain the cost beneath it. This shows that the bulls continue to buy the dips. The failure to drag prices lower has attracted buying and some short-covering past the ambitious bears.

BTC USD daily chart. Source: Tradingview

BTC USD daily nautical chart. Source: Tradingview

Currently, the toll is dorsum above $x,000 and the bulls are likely to attempt a breakout of the overhead resistance at $10,360.89.

If the BTC/USD pair can sustain to a higher place $x,360.89, it can movement upwards to the long-term downtrend line at $eleven,400, which is likely to act equally a stiff resistance. A break above this line volition be a huge positive that can open up the doors for a rally to $13,973.50.

However, if the bulls fail to button the price above 10,360.89, the pair might remain range-bound for a few days. Information technology will turn negative on a interruption below the recent low of $9,456.78. Therefore, traders can trail their end loss on the remaining long positions to $9,400.

ETH/USD

Ether (ETH) rebounded sharply from the critical support at $235.70, which shows that bulls bought the dips aggressively. If the momentum can carry the cost above the contempo high of $288.599, the uptrend is probable to resume. In a higher place this level, the side by side target objective is $318 and above information technology $366.

ETH USD daily chart. Source: Tradingview

ETH USD daily chart. Source: Tradingview

Contrary to our assumption, if the toll turns down from $288.599, the ETH/USD pair will remain range-spring for a few days.

The pair will signal a deeper correction if the bears sink the price below $235.lxx. Therefore, the traders can trail the stops on the remaining long positions to $230. The stops can be moved upwardly in one case once more after the price sustains above $288.599.

XRP/USD

XRP has bounced off the support at $0.26362 but it is struggling to pick up momentum. The bears are likely to offering a potent resistance at $0.31503. If the toll turns down from this level, the altcoin is probable to remain range-leap for a few days.

XRP USD daily chart. Source: Tradingview​​​​​​​

XRP USD daily chart. Source: Tradingview

However, if the bulls can push the cost above $0.31503, the XRP/USD pair tin movement upwardly to $0.34229 and above information technology to $0.40.

Our view will be invalidated if the cost turns downward from the current levels or the overhead resistance and plummets below $0.26362. Therefore, the traders tin protect their long positions with stops at $0.26.

BCH/USD

Bitcoin Cash (BCH) is currently facing resistance at the trendline of the ascending channel. If the bulls can push the cost back into the channel, it will exist a huge positive and will signal that the current breakup was a conduct trap.

BCH USD daily chart. Source: Tradingview​​​​​​​

BCH USD daily chart. Source: Tradingview

Once inside the aqueduct, the bulls volition again try to bear the price to $500. If the bulls can push button the cost above the $500-$515.35 resistance zone, a move to $600 is possible.

Conversely, if the price turns down from the trendline of the channel, the BCH/USD pair might remain range-jump for a few days. The flat xx-24-hour interval EMA and the RSI close to the midpoint suggests a consolidation for the adjacent few days. A interruption below $360 will turn the tables in favor of the bears.

BSV/USD

The bulls are struggling to push button the price above the 20-day EMA. This shows a lack of buyers at college levels. Higher up the 20-solar day EMA, the bulls might again face resistance at $337.lxxx. If the price turns down from this level, Bitcoin SV (BSV) might remain range-bound for the side by side few days.

BSV USD daily chart. Source: Tradingview​​​​​​​

BSV USD daily chart. Source: Tradingview

A break above $337.80 will be the offset sign that bulls are dorsum in activity. If the buyers can propel the BSV/USD pair to a higher place $382.47, a retest of the lifetime highs will be on the cards. However, if the bears sink the toll below $236, the pair will turn negative and tin drop to $173.66.

LTC/USD

Litecoin (LTC) has risen close to the overhead resistance at $80.2731. We conceptualize the bears to defend the $80.2731 to $84.3374 zone aggressively. Still, if the bulls can calibration above this zone, a rally to $100 is possible.

LTC USD daily chart. Source: Tradingview​​​​​​​

LTC USD daily chart. Source: Tradingview

Conversely, if the bulls fail to push the price above the overhead resistance zone, the LTC/USD pair might consolidate between $80.2731 and $66.1486 for the next few days. The pair volition plow negative if the price dips below the critical back up at $66.1486.

EOS/USD

The bulls are struggling to push the cost in a higher place the 20-day EMA at $iv.6. This shows a lack of buyers at higher levels. If the toll turns down from the current levels, EOS might remain range-bound betwixt $4.half dozen and $four.

EOS USD daily chart. Source: Tradingview​​​​​​​

EOS USD daily chart. Source: Tradingview

However, if the bulls push the price above the twenty-twenty-four hours EMA, the EOS/USD pair can move up to $iv.8719 and above information technology to $5.4861. To a higher place this resistance, the next level to sentinel out for is $6.

On the other paw, if the bears sink the price below the critical support at $4 and the 50-day SMA at $three.88, the pair volition turn negative.

BNB/USD

Binance Coin (BNB) bounced off the breakout level at $21.eight and the bulls take pushed the toll in a higher place $23.5213. If the altcoin tin move above $27.1905, it is likely to move up to $31.4889, which is the target objective of the breakout from the rounding lesser design.

BNB USD daily chart. Source: Tradingview​​​​​​​

BNB USD daily nautical chart. Source: Tradingview

However, if the bulls fail to propel the toll above $27.1905, the BNB/USD pair might remain range-bound for a few days.

The pair will plough negative on a break below the recent low at $21.5510. Therefore, the traders tin protect their long positions with stops at $21.

XTZ/USD

The dip to $2.752, which was just beneath the 38.2% Fibonacci retracement level of $ii.7809234 was purchased aggressively. This has pushed Tezos (XTZ) to a new high once more, which is a huge positive.

XTZ USD daily chart. Source: Tradingview​​​​​​​

XTZ USD daily chart. Source: Tradingview

The next level to spotter out for is the psychological resistance at $4. If this level is crossed, the up move can reach $4.8007036. Both moving averages are sloping upwardly and the RSI is in the overbought zone, which suggests that the bulls are firmly in control.

Withal, if the bears defend the resistance at $4, the XTZ/USD pair might consolidate for a few days. Every bit the rally is vertical, the traders should be careful before taking fresh positions and should proceed a close stop loss.

LINK/USD

Chainlink (LINK) has risen to the tenth spot on market cap standings, hence, information technology has been included in our analysis. The altcoin has resumed its upward move subsequently the recent dip and is shut to making a new lifetime loftier.

LINK USD daily chart. Source: Tradingview​​​​​​​

LINK USD daily chart. Source: Tradingview

If the bulls can scale and sustain the toll above $4.8671, the LINK/USD pair can move up to $5.6934. The upsloping moving averages and the RSI in the positive territory propose that the bulls are in control.

Our view will be invalidated if the price reverses direction and plummets below the twenty-24-hour interval EMA at $3.77.

The views and opinions expressed here are solely those of the author and do not necessarily reverberate the views of Cointelegraph. Every investment and trading move involves risk. Yous should behave your ain research when making a decision.

Market place data is provided by HitBTC exchange.