Bitcoin recovery (BTC) continues to deal with the sale at higher levels, indicating that bears have not abandoned. The indicators of commercial resource materials said in an article on X that “Spoofy the whale” deleted the Bitcoin price below $ 87,500.
Although the increase is currently limited, some analysts believe that the disadvantage is limited. The co-founder of Bitmex, Arthur Hayes, said in an article on X that Bitcoin could have been in the lead at $ 77,000, since the federal reserve announced a slowdown in its quantitative tightening from April.
Crypto Market Data Daily View. Source: Corner360
Another bull’s bitcoin catalyst could be the recession, according to Blackrock Head of Digital Assets, Robbie Mitchnick. In an interview with Yahoo Finance, Mitchnick said that sophisticated long -term Bitcoin customers of the company “are not concerned about current economic winds and consider market decrease as a purchasing opportunity.
Could Bitcoin form a lower short-term low and exceed the barrier of $ 87,500 in the short term? Will this increase the purchase in altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price analysis
Bitcoin jumped above the 20-day exponential mobile average ($ 85,332) on March 19, but the Bears interrupted the resistance line of resistance line.
BTC / USDT daily graphics. Source: Cointelegraph / TradingView
If the price breaks below the Haussier trend line, the BTC / USDT pair could drop to $ 80,000 and later to $ 76,606. The $ 76,606 zone at $ 73,777 should attract strong purchases by the Bulls, but if the Bears prevail, the pair can drop to $ 67,000.
Conversely, if the price rebounds from the upward trend line and exceeds $ 87,500, the pair is likely to take momentum. The 50 -day simple mobile average ($ 91,136) can act as an obstacle, but it should be crossed. The pair can reach $ 95,000, then at a critical level of $ 100,000.
Ether price analysis
Ether (ETH) recovery has stalled at EMA 20 days ($ 2,067), indicating that bears are active at higher levels.
Daily eth / USDT table. Source: Cointelegraph / TradingView
If the price decreases below $ 1,927, the ETH / USDT pair could drop to $ 1,800. Buyers should defend the area from $ 1,750 to $ 1,800 because a break below could open the doors for a drop to $ 1,550.
This negative opinion will be invalidated if the price is revealed and exceeds the level of failure of $ 2,111. This erases the path with a potential rally to SMA of 50 days ($ 2,420) and, after that, at $ 2,850.
XRP price analysis
XRP (XRP) jumped above mobile averages on March 19, but the Bulls could not maintain the momentum.
XRP / USDT daily table. Source: Cointelegraph / TradingView
The Bears are trying to pull the price below the 20 -day EMA ($ 2.36). If they can remove it, the XRP / USDT pair can fall to $ 2.22, then to the critical support at $ 2. Buyers should vigorously defend the $ 2 level, because if they fail in their effort, the pair will end a downward head and shoulder model.
Unlike this hypothesis, if the price bounces from the EMA of 20 days, this will indicate the purchase on the hollows. The pair can then reach the resistance line.
BNB price analysis
BNB’s decline (BNB) took charge of the 20 -day EMA ($ 608) on March 19, indicating the purchase on the decreases.
BNB / USDT Daily Chart. Source: Cointelegraph / TradingView
The 20 -day EMA has started to introduce itself and the RSI is in the positive area, indicating that buyers have a slight advantage. A break and a closure above $ 644 could erase the path for a rally at $ 686. Sellers will try to defend the level of $ 686 with all their strength, because a break above could catapult the price at $ 745.
Sellers will have to pull the price below the 20 -day EMA to prevent the increase. BNB / USDT pair can then decrease to $ 550.
Solana price analysis
Solana (soil) withdrew the EMA of 20 days ($ 135) on March 20, reporting that the Bears continue to sell minor emergency rallies.
SOL / USDT DAILY that. Source: Cointelegraph / TradingView
The floor / USDT pair could slide at $ 120 and then $ 110. Buyers should fiercely defend this support area. If the price bounces from the support area, the Bulls will try again to drive the pair over the 20-day EMA. If they succeed, the pair could rally at SMA of 50 days ($ 163).
On the contrary, a break and a closure of less than $ 110 indicates the recovery of the downward trend. The pair could drop to $ 98 and ultimately $ 80.
Cardano price analysis
Cardano (ADA) fell in mobile averages on March 20, indicating that bears defend the level.
ADA / USDT Daily Chart. Source: Cointelegraph / TradingView
Sellers will try to browse the price on the upward trend line, where Bulls should intervene. If the price bounces from the upward trend line, this increases the possibility of a break over mobile averages. The ADA / USDT pair could then get back to $ 1.02.
Alternatively, a breakup and a closure below the ascending trend line suggests that the Bulls have abandoned. This could start a movement down $ 0.58 and possibly $ 0.50. Buyers should vigorously defend the support of $ 0.50.
Dogecoin price analysis
Buyers find it difficult to push Dogecoin (DOGE) above the 20-day EMA ($ 0.18), indicating a negative feeling.
DAGE / USDT daily table. Source: Cointelegraph / TradingView
If the price unscrewed less than $ 0.16, the Doge / USDT pair could reset the critical support at $ 0.14. This is an essential support for bulls to defend because a break below can run the pair at $ 0.10.
Uplining, a break and a closure above the 20-day EMA will be the first indication that buyers are back in the game. The pair could reach the SMA of 50 days ($ 0.22) and thereafter at $ 0.29.
In relation: The XRP price graph suggests 75% of the gains then while the dry ends the trial against Ripple
Tonceoin price analysis
Toncoin (tone) released the 50 -day SMA obstacle ($ 3.51) on March 19, but the Bears are trying to stop the UP movement at $ 4.
Your / usdt daily table. Source: Cointelegraph / TradingView
The 20 -day EMA ($ 3.32) began to introduce itself, and the RSI jumped in the positive area, signaling an advantage to buyers. The price should find support for the 20 -day EMA. If this happens, the prospects for a break above $ 4 improves. The your / USDT pair can increase to $ 5 and later at $ 5.50.
The sellers will have to withdraw the price below the 20 -day EMA to gain the upper hand. The pair can then fall at $ 3.
Channel price analysis
ChainLink (Link) exceeded 20 -day EMA ($ 14.59) on March 19, but Bulls could not maintain the upper levels.
Link / USDT daily chart. Source: Cointelegraph / TradingView
The price brought back below the 20 -day EMA on March 20, indicating the sale at higher levels. The Bears will try to browse the price to the crucial support at $ 12.
If the price turns out to be the current level or $ 12, it will suggest a change in feeling of the sale of gatherings to buy on drops. The Bulls will try again to push the Link / USDT pair to the 50 -day SMA ($ 16.83) and later at $ 19.25.
This positive point of view will be invalidated if the price continues below and falls below $ 12. This could flow the pair from psychological support at $ 10.
Analysis of UNUS Sed Leo Prices
Unus Sed Leo (Leo) remains stuck under the resistance to general costs of $ 10, indicating that the bears hold their land.
Leo / USD daily charter. Source: Cointelegraph / TradingView
Flattered mobile averages and the RSI near the median point do not give a clear advantage or to the Bulls or the Bears. If the price drops and breaks down below $ 9.60, it suggests that bears strengthen their position. The Leo / USD pair could go down to the Haussier trend line.
On the other hand, the upward triangle model will end on a break and close above $ 9.90. The pair could then rise to the target target of $ 12.04.
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.
