Crypto Price Today Feb 27th: Relief Rally In Crypto Market Soars Altcoins Higher

Crypto price today Feb 27th: the crypto market started the new week with a green flag showcasing its sustainability at higher levels. The Bitcoin price jumped 0.8% today trying to undermine last week’s correction. Thus, the market sentiment turns on relief rally sentiment pushing several crypto coins to higher levels.

Stack(STX)

Source- Tradingview

Last week while the crypto market witnessed a significant downfall, the Stacks coin price carried a slow yet sustained recovery within the rising channel pattern. The coin price resonating between the two trendlines has reached a ten-month high where it currently trades at $0.95.

Today, the STX price witnessed a 22% intraday jump and breached the last swing high resistance of $0.39. Thus, until this pattern is intact, the Stacks coin holders could witness a prolonged recovery. 

On a contrary note, the coin currently wobbling below the overhead trendline could experience the temporary correction

NEM(XEM)

Source- Tradingview

While the crypto market eased on its sell-off last week, the XEM price resumed its bullish recovery with a big band. Today, the coin price witnessed a significant inflow and recorded a 74% price jump to its $0.073 mark.

This long bullish candle gave a massive breakout from the monthly resistance of $0.0685. This breakout should offer buyers a significant footing to extend the current bullish trend.

Thus, if the daily candle closes above $0.0685, the buyers could drive the altcoin rise 23% higher to hit the 0.088 mark.

Hedera(HBAR)

Source- Tradingview

Amid the recent downfall in the crypto market, the Hedera coin price has tumbled 27% from the $0.098 peak. With sustained selling, the HBAR price is down 3.07% today and breached the combined support of $0.0745 and 0.382 Fibonacci retracement levels.

This bearish breakdown may intensify the ongoing selling pressure and drive the price to lower levels. If the daily candle closes below the $0.0745 mark, the sellers may plunge the altcoin to $0.067(0.5FIB) or $0.06.

These aforementioned supports are strong enough to replenish the bullish momentum and encourage buyers to resume prior recovery.

Quant(QNT)

Source- Tradingview

Over the last five weeks, the Quant price has been falling under the influence of a resistance trendline. The altcoin is facing constant resistance from this falling trendline and witnessed a 21.6% loss from the last six-month high of $165.

By the press, the coin price shows a 2.5% intraday drop which plunged the coin below the $130-129.5 support zone. If the daily candle closes below the $129.5 mark, the QNT holders could witness further correction.

The potential downfall could tumble the prices 10% down to hit $116 support.