Bitcoin lost a 0,80% value during morning hours and is priced around $37.966. Despite Bitcoin experiencing a high price correction, the amount of Bitcoin locked in the Lightning Network (LN) continues to rise, ignoring the impact of negative price action. As of February 22, 2022, locked Bitcoin in LN has reached an all-time high of 3,479 BTC, powered by decentralized finance analytics platform DeFi Pulse, tripling from 1,089 BTC recorded a year ago.

When we consider the BTC/USDT pair technically, the first relief signal was received with the positive divergence in the 4-hour RSI yesterday in BTC, where sharp drops followed in the last week period. But Bitcoin closed the day positively. When we look at the price-volume relationship, a transaction volume exceeds the daily trading volumes experienced in the last sales period, and this increases the possibility of a short-term uptrend. We expect BTC to continue its highs and surging towards the initial resistance zone at $39,500-40,500.

Ethereum gained a 0,70% value during morning hours and is priced around $2653. When we consider the ETH/USDT pair technically, ETH broke the short-term minor on the 4-hour chart this morning upwards and got a reversal signal from the 4-hour RSI. Short-term rises could continue towards the $2820-2840 zone.

AVAX gained a 2,30% value during morning hours and is priced around $76,19. When we consider the AVAX/USDT pair technically, AVAX, which has received many reactions from the blue-marked resistance zone last week, could not hold onto the long-term major downtrend but the trend was broken to the downside again. With the declines experienced, AVAX, which broke the $75.5-79 band to the downside yesterday, continued to rise towards $ 75.5-79 band with the positive divergence in the 4-hour RSI yesterday. Unless this zone is broken to the upside, no permanent rises for AVAX can follow.

Ripple lost a 0,75% value during morning hours and the current price is $0,7153. When we consider the XRP/USDT pair technically, XRP had a descending triangle and broke the level of $0,75 downwards and sharp sales followed. After the daily close yesterday, XRP could regain some loss and broke the resistance level of $0,7121. This morning it was retested. If XRP holds above the $0,7121 level and breaks the 50MA level (0,7274), the upward trend is expected to continue.

LTC lost a 0,50% value during morning hours and is priced around $106,9. When we consider the LTC/USDT parity technically, LTC, which faced resistance from $145, received a downward price action,  closed the day below $104,9. With the rise experienced in the market yesterday, this level was broken up again and a retest was made this morning. At the same time, our expectation for LTC, which has a positive divergence on the RSI in the daily period, is to continue the upward trend with the upward breakout of $113,1.

LINK lost a 0,40% value during morning hours and is priced around $13,97. When we consider the LINK/USDT pair technically, the weekly channel lower line, which has been in existence since July 27, 2020, has also been broken down. LINK has a head-and-shoulders formation in the daily chart and can rise towards the neckline ($15,16), but a price movement above $17,5 should occur to destroy the formation. LINK, which has not yet reached its formation target, appears to have found short-term support from the zone marked in blue.

BAT lost a 0,45% value during morning hours, and is priced around $0,6808. When we consider the BAT/USDT pair technically, BAT has repeatedly tested the uptrend that has existed since June 2021 and broke it down again. The sales pressure followed. For BAT, which we are talking about head-and-shoulders formation, it has been confirmed and at the same time, there has been a pullback to our short-term price target, the support zone marked in blue. Finding support from this blue zone, BAT closed the day with profit yesterday and positive divergence was confirmed in the RSI in the daily period. In this sense, we expect the rises to continue if the blue zone does not go down the daily period.