Bitcoin bulls (BTC) have maintained the pressure and try to push the price above the resistance of $ 90,000. A positive sign in favor of the Bulls is that the funds negotiated in exchange for Bitcoin de Bitcoin American have experienced net entries for eight days of successive negotiations, according to data from Sosovalue. This indicates that institutional investors are gradually buying.
In another positive, a Bitcoin whale bought 2,400 bitcoin – worth more than $ 200 million – on March 24 to increase total detention to more than 15,000 BTC, said Arkham Intelligence, the blockchain analysis company, said in an article on X.
Crypto Market Data Daily View. Source: Corner360
However, a bitcoin rally may not be easy because the bulls should meet a solid sale nearly $ 90,000. The CEO of Alphractal, Joao Weddson, underlined in a post on X that the whales had closed long positions and initiated short positions on Bitcoin at $ 88,000. He added that history says that whales are right.
Could Bitcoin break above the resistance to rigid general costs, drawing higher altcoins, or is it time for a short-term correction? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price analysis
Bitcoin is faced with the sale on the resistance line, but a positive sign is that the Bulls did not allow the price to lower below the exponential mobile average of 20 days ($ 85,825).
BTC / USDT daily graphics. Source: Cointelegraph / TradingView
The 20 -day EMA flattening and the relative resistance index (RSI) near the median point suggest that the bulls have a slight edge. A rupture and closing over the 50-day simple mobile average ($ 89,787) indicates that the correction can be completed. The BTC / USDT pair could rise to $ 95,000 and later to the crucial resistance to $ 100,000.
Unlike this hypothesis, if the price drops and breaks below the 20 -day EMA, it indicates that the bulls have abandoned. This can flow the pair at $ 83,000, then at $ 80,000.
Ether price analysis
The recovery of Ether (ETH) is faced with a solid resistance at the distribution level of $ 2,111, indicating that bears do not want to abandon their advantage.
Daily eth / USDT table. Source: Cointelegraph / TradingView
If the price continues below and decomposes below $ 1,937, it will point out that the Bears are trying to return the level of $ 2,111 in resistance. If this happens, the ETH / USDT pair could decrease to $ 1,800.
This negative opinion will be invalidated in the short term if the price is revealed and exceeds $ 2,111. This opens the doors to a 50 -day SMA gathering ($ 2,325) and thereafter at $ 2,550. Such a decision suggests that the pair could have formed a short -term background at $ 1,754.
XRP price analysis
XRP (XRP) tries to support the 20 -day EMA ($ 2.39), which suggests that the Bulls buy decreases.
XRP / USDT daily table. Source: Cointelegraph / TradingView
If the price bounces from the 20 -day EMA, the Bulls will try to push the price to the resistance line. If the price drops sharply from the resistance line and breaks below mobile averages, this will point out that bears remain in control. This could keep the XRP / USDT pair stuck between the resistance line and $ 2 for a little more time.
Buyers will be on the driver’s seat on a break and will close above the resistance line. The pair can come together at $ 3 and possibly $ 3.40.
BNB price analysis
BNB bulls (BNB) face resistance at $ 644, but a positive sign is that buyers have not abandoned a lot of land in the Bears.
BNB / USDT Daily Chart. Source: Cointelegraph / TradingView
The 20 -day EMA ($ 616) began to introduce itself, and the RSI is in the positive area, suggesting that the slightest resistance path is upwards. If buyers drive the price of more than $ 644, the BNB / USDT pair could drop to $ 686. This level can act again as a strong barrier, but if the Bulls overcome it, the pair can come together at $ 745.
The first sign of weakness will be a break and close below the 20 -day EMA. This can reduce the price to the level of fibonacci retracement by 38.2% by $ 591.
Solana price analysis
Solana (soil) broke and closed above the 20-day EMA ($ 136) on March 24, suggesting the start of a rescue rally.
SOL / USDT DAILY that. Source: Cointelegraph / TradingView
The 50 -day SMA ($ 155) can act as a resistance, but if the Bulls prevail, the ground / USDT pair could come together at $ 180. Sellers should aggressively defend the level of $ 180. If the price drops sharply by $ 180 and breaks below the 20 -day EMA, it will signal a possible short -term beach training. The pair can consolidate between $ 110 and $ 180 for a while.
Instead, if buyers lead the price of more than $ 180, it suggests that the pair started its trip up of the large range from $ 110 to $ 260.
Dogecoin price analysis
Dogecoin (DOGE) got up and closed above the 20-day EMA ($ 0.18) on March 25, suggesting the start of a sustained recovery.
DAGE / USDT daily table. Source: Cointelegraph / TradingView
The DOGE / USDT pair is faced with the SMA sale of 50 days ($ 0.21). If the price bounces from the 20 -day EMA, it will signal to buy decreases. Bulls will try to propel the pair at $ 0.24 and later at $ 0.29.
On the other hand, if the price unscrewed below the 20 -day EMA, this will indicate that the Bears continue to sell rallies. The pair can drop to $ 0.16, then to the crucial support at $ 0.14.
Cardano price analysis
The Cardano bulls (ADA) pushed the price above the SMA of 50 days ($ 0.75) but have trouble maintaining higher levels.
ADA / USDT Daily Chart. Source: Cointelegraph / TradingView
If the price breaks below the 20 -day EMA, the Bears will try to pull the ADA / USDT pair from the higher trend line. This is an important level to defend for bulls, because a break below could include the advantage in favor of bears. The pair could then drop to $ 0.58 and, after that, to $ 0.50.
If buyers want to take control, they will have to push and maintain the price above the SMA of 50 days. If they manage to do so, the pair could reach $ 0.84. This level can act as a strong resistance, but if the bulls prevail, the pair can increase to $ 1.02.
In relation: The price of bitcoin has just removed a downward trend of 3 months while the “key change” begins
Channel price analysis
ChainLink (Link) went to SMA of 50 days ($ 16.12), which is likely to act as rigid resistance.
Link / USDT daily chart. Source: Cointelegraph / TradingView
If the price drop in SMA of 50 days, the Link / USDT pair can find EMA support for 20 days ($ 14.75). A strong 20-day EMA rebound increases the probability of a break over the 50-day SMA. The pair could climb $ 17.7 and later on the resistance line.
If the bears want to prevent the increase, they will have to quickly withdraw the price below the 20 -day EMA. The pair could light up at $ 13.82 and subsequently to the channel support line.
Avalanche price analysis
The avalanche rescue rally (AVAX) exceeded SMA of 50 days ($ 22.10) on March 25, indicating that the downward trend could end.
Avx / USDT Daily Chart. Source: Cointelegraph / TradingView
The 20 -day EMA ($ 20.42) began to introduce itself, and the RSI jumped in the positive area, reporting an advantage to buyers. If the Avx / USDT pair turns away from the current level but finds support for the 20 -day EMA, it suggests a change in feeling of the sale of gatherings to buy on declines. This improves the prospects for a gathering at $ 27.23.
On the contrary, a break and a closure below the 20 -day EMA signals beach training between $ 25.12 and $ 15.27.
Stellar price analysis
Stellar (XLM) returned to the level of a break of $ 0.31, where bears should set up a solid defense.
Daily table XLM / USD. Source: Cointelegraph / TradingView
If the price drops by $ 0.31 and breaks below $ 0.27, it suggests that bears are active at higher levels. This increases the risk of decreasing critical support to $ 0.22, where buyers should intervene.
Alternatively, a break and close above $ 0.31 indicates that the markets have rejected ventilation. The XLM / USDT pair can reach the downward trend line, which could again make a substantial challenge. A break and close above the downward trend line suggests a change in potential trend.
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.