Price analysis 3/31: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON

Bitcoin (BTC) fell 4.29% last week, but the Bulls began a recovery by pushing the price over $ 83,500 on March 31. However, traders are likely to stay in advance until April 2, when the new American trade rates are ready to launch.

Merchants remain cautious in the short term, but a minor positive is that the lower levels attract buyers. The products negotiated in exchange for cryptocurrency (FTE) witnessed modest $ 226 million entries last week, Coinshares reported on March 31.

The strategy took advantage of the decline in Bitcoin by adding 22,048 bitcoin for $ 1.92 billion at an average price of $ 86,969. After the last purchase, the company holds 528,185 bitcoin bought for around 35.63 billion dollars.

Could Bitcoin break above the resistance above stiff, drawing altcoins selected above? Let’s analyze the graphics to discover it.

Price analysis of the S&P 500 index

The S&P 500 index (SPX) broke out above the 20-day exponential mobile average (5,706) on March 24, but it turned out to be a bull trap.

The price fell sharply on March 26 and broke below 5,600. The two mobile averages are sloping and the relative force index (RSI) is on the negative territory, indicating an advantage for sellers. There is a solid support at 5,500, but if the level breaks down, the index could increase to 5,400 then to 5,100.

This negative view will be invalidated if the price approaches the current level and exceeds 5,800. Such a decision suggests that the index can have one at the bottom in the short term.

Price analysis of the US dollar index

The US dollar index (DXY) was negotiated below the 20 -day EMA (104.46), indicating that the feeling remains negative.

The Bears will try to flow the index at 103.37, which is a critical level to monitor. Buyers should defend the level of 103.37 of all their forces because if they fail in their effort, the index could increase to 101.

On the contrary, a break and a closure above the 20-day EMA suggests that the Bulls are trying to make a return. The index can reach 105.42 then to the 50 -day simple mobile average (106.09).

Bitcoin price analysis

Bitcoin remains under pressure while bears try to travel the price in critical support at $ 80,000. A positive minor in favor of the Bulls is that they try to stop the decline at $ 81,100.

The Bulls will try to push the price to the resistance line, which is likely to attract high sales by the Bears. If the price drops of the resistance line, the probability of a rupture of less than $ 80,000 increases. The BTC / USDT pair could drop to $ 76,606 and finally to $ 73,777.

On the contrary, a rupture and a closure above the resistance line suggests that the bears lose their grip. The pair could take momentum over $ 89,000 and reach $ 95,000.

Ether price analysis

Ether (ETH) has reached vital support at $ 1,754, from where the Bulls try to start a rescue gathering.

The Bears will try to stop the 20 -day EMA recovery attempt ($ 1,980). If the price drops sharply from the 20 -day EMA, it increases the possibility of a breakdown of less than $ 1,754. This could flow the ETH / USDT pair at $ 1,550.

The first sign of strength will be a break and close above the breakdown of $ 2,111. The pair will then complement a double bullish background motif, which has a target target of $ 2,468.

XRP price analysis

XRP (XRP) fell on the critical support of $ 2, which is likely to attract solid purchases by the Bulls.

Any rebound should face the sale to mobile averages. If the price decreases in mobile averages, this increases the risk of a rupture of less than $ 2. If this happens, the XRP / USDT pair will complete a head and shoulder motive. There is a minor support at $ 1.77, but if the level is removed, the pair could collapse at $ 1.27.

Time is exhausted for Bulls. If they want to prevent the drawback, they will have to quickly generate the price above the mobile averages. The pair can then go to the resistance line.

BNB price analysis

The narrow range of BNB (BNB) resolved downwards with a break and close below the mobile averages on March 29.

The BNB / USDT pair has a support for the Fibonacci retracement of 38.2% of $ 591, then in the retrace level of 50% of $ 575. If the price bounces from the assistance, the Bulls will try to propel the pair over the mobile averages and the resistance of $ 644. If they manage to do so, the pair could come together at $ 686.

On the contrary, a break and a closure below $ 575 could run the pair in the retrace level of 61.8% of $ 559. A deeper withdrawal is likely to delay the next step in the UP movement.

Solana price analysis

Solana (Sol) finds support nearly $ 120, indicating that buyers fiercely defend the level.

The first sign of force will be a break and close above the 20-day EMA ($ 133). This opens the doors to an increase in SMA of 50 days ($ 148), which can again act as rigid resistance. However, if buyers allow resistance, the floor / USDT pair could come together at $ 180.

If the sellers want to strengthen their position, they will have to draw the price below the support area from $ 120 to $ 110. If they manage to do so, the pair could start the next step in the downward trend towards $ 80.

In relation: XRP Bulls in “Denial” because the price trend reflects accidents from 75 to 90% previous

Dogecoin price analysis

DOGECOIN (DOGE) is trying to support support of $ 0.16, but a low rebound suggests a lack of request from the Bulls.

The DOGE / USDT pair could slip at $ 0.14, where buyers should intervene. Any rebound of $ 0.14 should face the sale on mobile averages. If the price decreases in mobile averages, it increases the possibility of a rupture less than $ 0.14. If this happens, the pair could drop to $ 0.10.

Buyers will have to push and maintain the price greater than $ 0.20 to suggest that the pair may have formed a floor at $ 0.14. The pair can then rise to $ 0.24.

Cardano price analysis

Cardano (ADA) has slipped to the ascending trend line, which is a short -term support for monitoring.

The 20 -day EMA broken down ($ 0.71) and the RSI on the negative territory report a slight advantage for bears. A fence below the increased trend line could start a movement down $ 0.50.

On the other hand, a rebound on the ascending trend line could push the ADA / USDT pair to the mobile averages. Buyers will be back in control after having propelled and maintained the price above the SMA of 50 days ($ 0.75).

Tonceoin price analysis

TONOROI (tone) is in a hurry between the 20 -day EMA ($ 3.63) and resistance to general costs at $ 4.14.

The EMA of 20 days high -end and the RSI on the positive territory suggest that the path of the slightest resistance is upwards. If buyers stimulate the price of more than $ 4.14, the Ton / USDT pair is likely to take momentum and climb $ 5 and later at $ 5.65.

This positive view will be invalidated in the short term if the price drops from the resistance of general costs and breaks below the SMA of 50 days ($ 3.46). This could run the pair at $ 3.30 and later at $ 2.81.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.

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