Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Afternoon Market Update — 27 February 2026
Crypto markets remain under pressure this afternoon as sellers maintain control following this morning’s sharp selloff. Bitcoin has stabilised around the $66,000 mark after finding support at the critical $65,500 zone, but the bulls have yet to mount a convincing recovery. All major altcoins continue to trade in the red, with Ethereum and Solana both down over 5% on the day.
For real-time updates and trade signals, join our free Telegram group with over 40,000 members. VIP members receive early access to all signals.
Bitcoin (BTC/USD) — Afternoon Update
Current Price: $66,193 | 24h Change: -2.52%
Bitcoin has clawed back from the day’s lows at $65,500 but faces stiff resistance at the $67,000 level where the 4-hour EMA 50 sits. The hourly chart shows a potential higher low forming, which could signal a short-term recovery. However, the daily trend remains bearish until BTC reclaims the $68,000 level with conviction.
Key Observations
- Support held at $65,500 — critical level for bulls
- Volume declining on the afternoon bounce — not convincing
- RSI recovering from oversold (24) to neutral (45)
- MACD still negative on daily timeframe
Scenarios to Watch
Bull case: Hold above $65,500, break $67,000 → target $68,500
Bear case: Fail at $67,000, break $65,500 → target $63,000
Ethereum (ETH/USD) — Afternoon Update
Current Price: $1,960 | 24h Change: -5.05%
Ethereum continues to underperform Bitcoin today, with the ETH/BTC ratio dropping to multi-month lows. The break below $2,000 is technically significant — this level has now flipped from support to resistance. The next meaningful support sits at $1,880, which coincides with the December 2025 consolidation zone.
Key Observations
- $2,000 flipped to resistance — bearish
- ETH/BTC ratio at multi-month lows — altcoin weakness
- High-volume selloff this morning suggests distribution
- No bullish divergence yet on any timeframe
Solana (SOL/USD) — Afternoon Update
Current Price: $83.05 | 24h Change: -5.13%
Solana is testing the $82-83 support zone that has held on previous pullbacks. The 200-day moving average sits at $82.50, making this a key confluence area. A daily close below this level would be a significant bearish signal. Watch for a volume expansion as price approaches this support — if buyers step in with conviction, we could see a sharp reversal back toward $88-90.
XRP (XRP/USD) — Afternoon Update
Current Price: $1.370 | 24h Change: -4.85%
XRP is showing tentative signs of stabilisation after finding buyers near the $1.35 zone. The CCI remains deeply oversold at -120, and a bullish RSI divergence is beginning to form on the 1-hour chart. This doesn’t mean the bottom is in, but it does suggest sellers may be exhausted in the short term. A bounce toward $1.42-1.45 is possible if broader market sentiment improves.
End of Day Outlook
| Asset | Day’s Low | Current | Key Resistance | Bias |
|---|---|---|---|---|
| BTC | $65,500 | $66,193 | $67,000 | Cautiously bearish |
| ETH | $1,949 | $1,960 | $2,000 | Bearish |
| SOL | $82.65 | $83.05 | $86.00 | Bearish |
| XRP | $1.370 | $1.370 | $1.420 | Neutral/Bounce possible |
Trading Recommendations
Given current market conditions, we recommend:
- Conservative traders: Stay on the sidelines until a clear recovery pattern emerges on the daily chart
- Experienced traders: Small short positions on failed recoveries at key resistance levels
- Long-term holders: This is a normal correction within a broader bull trend — use DCA to accumulate
Open a trading account with Eightcap or Focus Markets to trade these setups with tight spreads and fast execution.
Upgrade to VIP for our 3-5 daily trade signals with exact entry, stop loss, and take profit levels. Join 40,000+ traders in our free Telegram group.
Disclaimer: This is market commentary for educational purposes only. Not financial advice. Always use proper risk management.
Related Resources
- Crypto Trading Signals — real-time BTC, ETH, SOL and XRP alerts from our analyst team
- Best Crypto Signals — how to find and use professional crypto signals
- VIP Trading Signals — join 40,000+ traders getting early entry signals before they move
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
