BTC, ETH, XRP, BNB, Sol, Ada, Doge, Pi, Leo, Hbar

Bitcoin (BTC) rebounded at $ 76,606 on March 11, but the Bulls could not maintain the price of more than $ 84,500 on March 12.

The main analyst of Nansen’s research, Aurelie Barthere, told Cintelegraph that Bitcoin is in a macro correction on a bull market, the next crucial level being “from $ 71,000 to $ 72,000, at the top of the pre -electoral negotiation range”.

Glassnode also projected a similar target in its March 11 market report. Onchain’s analysis company said the recent sales had been triggered by short -term holders who could have bought near the peak in January. Glassnode added that Bitcoin could overflow nearly $ 70,000 if the sale persists.

These are not only cryptographic markets; Even the US stock market has been under pressure in the past few days. However, a silver lining for bulls is that the US dollar index (DXY) is corrected for its highest at least 110 for less than 104. Bitcoin generally moves in reverse correlation with the dollar, which suggests that a background can be at the corner of the street.

Could Bitcoin retest support at $ 76,606 or exceed $ 85,000? What are the important levels of support and resistance to monitor in Altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.

Bitcoin price analysis

Bitcoin broke below the level of $ 78,258 on March 10 and fell to $ 76,606 on March 11, but the Bears could not maintain the lower levels. This suggests solid purchases by Bulls.

The rescue rally is faced with the sale near the 20 -day exponential mobile average ($ 87,262), but a minor positive in favor of the Bulls is that the relative force index (RSI) shows a positive divergence. Buyers will have to generate the price above the 20-day EMA to suggest that the correction could end. The BTC / USDT pair can then go to the simple 50 -day mobile average ($ 94,654).

Lowering, Bulls should defend the level of $ 73,777 with all their forces because a break below can run the pair at $ 67,000.

Ether price analysis

ETHER (ETH) fell below $ 1,993 support on March 9 and extended the drop, reaching $ 1,754 on March 11.

The Bulls are trying to start a recovery, which should face a significant resistance at the distribution of $ 2,111. If the price drops sharply by $ 2,111, this will point out that bears overturned the level in the resistance. This increases the risk of a rupture of less than $ 1,754. The ETH / USDT pair can then fall to $ 1,500.

Conversely, a break above the 20-day EMA ($ 2,235) suggests that the markets rejected the break below $ 2,111. The pair can then increase to $ 2,800, where bears should intervene.

XRP price analysis

XRP (XRP) fell below $ 2 support on March 11, but the Bears could not maintain the lower levels, as the long tail showed on the candlestick.

The Bears are trying to stall the 20 -day EMA recovery ($ 2.35). If the price continues, the possibility of a rupture less than $ 2 increases. 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 cracks, the decline could expand at $ 1.28.

Unlike this hypothesis, if the price exceeds EMA of 20 days, the pair could reach the SMA of 50 days ($ 2.58) and later at $ 3.

BNB price analysis

BNB (BNB) went from $ 507 on March 11, indicating that Bulls aggressively defend the $ 500 support area to $ 460.

The rescue rally should face the 20 -day EMA sale ($ 592). If the price drops sharply from the 20 -day EMA, the Bears will try to pour the BNB / USDT pair below $ 500. The pair can drop to $ 460 if they can remove it.

Instead, if the price increases above the 20-day EMA, it will indicate that the pair can remain in the range from $ 460 to $ 745 for a while. The Bulls will be back in the driver’s seat on a break and will close above the 50-day SMA ($ 628).

Solana price analysis

Solana (soil) went from $ 112 on March 11, reporting that the Bulls fiercely defend the support of $ 110.

The RSI shows the first signs of forming a positive divergence, indicating that the lowering momentum could weaken. The first sign of strength will be a break and close above the 20-day EMA ($ 145).

If the price decreases from the current level or the 20 -day EMA, it suggests that each minor rally is sold. This increases the risk of a rupture of less than $ 110. The floor / USDT pair could drop to $ 98 and then $ 80.

Cardano price analysis

Cardano (ADA) rebounded on the bullish trend line on March 11, suggesting that the Bulls are trying to stop.

It is unlikely that bears to easily abandon and should sell for mobile averages. If the price decreases in mobile averages, it will signal the sale on gatherings. The Bears will then try to strengthen their position by pulling the price below the upward trend line. If they do this, the ADA / USDT pair could drop to $ 0.60, then to $ 0.50.

Unlike this hypothesis, a break and a closure above the mobile averages suggests that the Bulls are back in the game. The pair can then get back to $ 1.02.

Dogecoin price analysis

DOGECOIN (DOGE) continued its slide and reached the support of $ 0.14 on March 11. Bulls try to defend the level but can be faced with sales at higher levels.

If the price decreases compared to the 20 -day EMA ($ 0.20), this suggests that the feeling remains negative and that traders sell on gatherings. This increases the risk of a rupture of less than $ 0.14. The DOGE / USDT pair can drop to $ 0.10 if this happens.

In relation: Here is what happened in the crypto today

On the contrary, a rupture and a closure above the 20-day EMA suggests that the bears lose their grip. The pair could climb to the 50 -day SMA ($ 0.25), which can again make a solid challenge.

PI price analysis

PI (PI) supports the level of fibonacci retracement of 61.8% of $ 1.20, indicating the purchase at lower levels.

The rescue rally is expected to face 20 -day EMA resistance ($ 1.69), then again at $ 2. If the price decreases from resistance to general costs, the PI / USDT pair could be between $ 2 and $ 1.20 for a while.

A break and a closure greater than $ 2 suggests that the correction can be completed. The pair could come together at $ 2.40. Alternatively, a break and a closure below $ 1.20 could run the pair in the trace level of 78.6% of $ 0.72.

Analysis of UNUS Sed Leo Prices

Unus Sed Leo (Leo) has been consolidated just below the $ 10 level for several days, indicating that the bulls keep their positions because they anticipate another higher leg.

The Leo / USD pair has formed an upward triangle motif, which will end on a break and will close above $ 10. If this happens, the pair could resume the upward trend towards the target target of $ 12.04.

This positive view will be invalidated in the short term if the price drops and breaks below the upward trend line. This will cancel the upward configuration, starting a drop at $ 8.84 and later to $ 8.30.

Hedera Price Analysis

Hedera (Hbar) rebounded on the support of $ 0.17 on March 11, indicating that the bulls aggressively defend the level.

The recovery is faced with the 20 -day EMA sale ($ 0.22), as shown in the long wick on the candlestick. If the price continues below, the Bears will make another attempt to pour the Hbar / USDT pair below $ 0.17. If they succeed, the pair could dive at $ 0.12.

On the contrary, a rupture above the 20-day EMA suggests that the reduced sales pressure. The pair could reach the downward trend line, which is an important level to monitor. If buyers push the price above the downward trend line, the pair could reach $ 0.29.

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.