Price analysis 3/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Bitcoin has stayed above $25000 in the past few days, increasing the chances that the bear market is over. Overall, in the early stages of the new bull market, several investment analysts are still in a surprising situation and expect the decline to restart.
Another group of traders waited patiently to fall and buy at a lower level, but the price was not happy. In the end, cautious traders admit to losing and buying, which is where a pullback is possible. This kind of callback makes the weak change hands and unswervingly transfer the property to the shareholders.
When a new trend is established, some things usually cause a knee-jerk reaction, but the trend is unlikely to be reversed. The same is true of Bitcoin, where it is possible to lure aggressive short orders based on a fall, but the probability of a bear market restarting is low.
What are the key concerns about the uplink and downlink of Bitcoin and alternative coins? Let's take a look at the data charts of the top ten digital currencies to find out.
Bitcoin price analysis
After several days of tidying up sideways, Bitcoin broke the head pressure level of $28500 on March 22nd. This shows that Shuangtou has already established its own dominance.
The rising 20-day index moving average (EMA) ($25180) and the relative strength index (RSI) in the overbought area indicate that the route with the least friction resistance is upward. An increase of $28500 also clears the way for areas of friction resistance that are likely to rebound to $30000-$32500.
If there is a pullback, the first support line for the downside is $25250. If the price rebounds from this level, it will imply that the head-shoulder (head-shoulder) resistance level has become a support point.
If the $25250 level is split, the problem is easy to arise, as it may open many double-headed stock stops. Subsequently, the BTC/USDT pair is likely to plummet to the 200-day simple moving average, or SMA ($20020).
Price Analysis of Medical Ether
The stock price of medical ether rebounded from $1717, indicating that double-end purchases fell slightly, rather than waiting for a deep correction. However, customers are unable to break the $1842 problem, which shows that empty orders have done their best to maintain this level.
In general, the close sideways around the local top shows that double heads are in no hurry to pay off their trading positions, as they expect a bigger rise. The rising 20-day moving average ($1679) and RSI show a slight advantage in the region.
If the customer pushes the price above $1842, the ETH/USDT rate could jump to $2000, and then try to jump back to $2200. If gold falls and falls below the 20-day moving average, such rising insights will be invalid for a short time. Subsequently, the foreign exchange currency is likely to fall to $1600.
BNB price analysis
In the past few days, double heads have been unable to push BNB (BNB) above $346, indicating that short orders have vigorously guarded this level. This may have led to short-term profit-taking of double heads, which will pull the price out of the 20-day daily average ($314).
If the price rebounds at the 20-day daily moving average, it will show that hot spots have become proactive, and traders see falling prices as buying opportunities. Then Shuangtou will try again to eliminate the $346 conundrum. If they succeed, the BNB/USDT foreign exchange currency is likely to soar to $400.
On the other hand, if the price falls sharply below the 20-day moving average, it will imply a deep correction to the 200-day daily moving average ($288). Subsequently, the foreign exchange currency is likely to fluctuate between $280 and $346 for several days.
XRP price analysis
XRP (XRP) soared to the 200-day moving average (40 cents) and friction above the erect head (43 cents) on March 21, indicating a wave of buying trampling.
After the rapid rise, traders seem to record profits around 0.50 yuan. As a result, the price of gold fell back to a higher level of $0.43. If the double head turns this level into a support line, the XRP/USDT pair is likely to try to rise above 0.50 yuan again. If that happens, the foreign exchange currency is likely to soar to $0.56. Raising and closing above this level will mean the beginning of a potential new uptrend.
On the contrary, if the price of gold falls again and falls below the support line of $0.43, it will indicate that foreign exchange traders have made a hasty debut. This could corner the aggressive double and bring the foreign exchange currency down to its 200-day moving average.
Smano price analysis
Cardano's ADA (ADA) soared above its mobile average on March 21, suggesting that relatively low standards have attracted customers.
However, the empty order is not abandoned and is trying to block the rebound at $0.39, as can be seen from the long wick in the candlestick on March 21 and 22. The duo has an obligation to change the moving average into a support line. If their success guarantees that, the United Nations Food and Agriculture Organization / Food and Agriculture Organization of the United Nations is likely to bounce back to the level of resistance to the developing Houses approach.
Conversely, if the price falls and falls below the moving average, it will show that a higher level attracts merchants again. Subsequently, the foreign exchange currency could fall to $0.30.
Analysis of the price of dog meat
In the past few days, Dogecoin (Doge) has been trading between US $0.07 and 200d SMA (US $0.08). This shows that bulls and bears are hesitant about the specificity of the next step.
The flat moving average and the RSI in the vicinity of the stand suggest that the range is likely to continue for some time. There is no doubt that the first sign of toughness is to improve and close above the 200-day moving average. It may open the door as the price of oil is likely to rise to $0.09 and then to $0.10.
If the short order needs to have an advantage, he will be forced to let the price fall below the support line of $0.07. The Doge/USDT pair is likely to plummet to $0. 06, and then gain important support at $0. 05.
Price Analysis of irregular figure
In the past few days, POLGON's Ma Jiqi (Ma Jiqi) has fluctuated around the 20-day moving average ($1.15), indicating a lack of location. Buy double-headed bargains, while short orders are selling a rebound.
Similar 20-day averages ($1.15) and RSI, which is slightly below the midpoint of the exchange rate, do not have much advantage over bulls and bears. This implies that Marjic / USD / USD may trade sideways between US $1.05 and USD 1.3 for a period of time.
The longer the price is arranged horizontally, the more likely it is to break through the range eventually. If the double drives the price of gold above $1.30, the foreign exchange currency is likely to accelerate to $1.57 and then to $1.75. Or, if the price falls below the 200-day average ($0.96), it will show that the short order once again understands the dominance. Subsequently, the foreign exchange currency is likely to fall to $0.69.
Solana price analysis
On March 20th, customers tried to push Solana's Sol above the downward trend line, but the empty sheet held its ground. One of the primary and secondary subjective factors that benefit the duo is that they do not allow gold to fall below its 20-day moving average ($21.18).
RSI is in the right section, which shows that the customer has a slight advantage. If the double head pushes the price above the downward trend line, it will mean a hidden shift in the development trend. The SOL/USDT pair is likely to rise to $27.12 as soon as possible, and the short order is likely to build a strong defense there again. If customers get rid of this hindrance, the foreign exchange currency is likely to accelerate the trend and rebound to $39.
Conversely, if the price turns down from the current level and falls below the 20-day moving average, it will imply that the short order is trying to gain the upper hand. Subsequently, the foreign exchange currency could fall to $15.28.
Price Analysis of Polcardo Montmund
Porto Dortmund's DOT (DOT) rebounded from its 200-day daily average ($6) on March 21, indicating that Duotou is trying to turn that level into a support line.
A similar 20-day moving average ($6.18) and RSI close to the midpoint of the exchange rate mean a balance between supply and demand. If the customer pushes the price up to 61.8% of the $6.85 Fibonacci back in gear, the balance will skew in a direction beneficial to buying home. Subsequently, the DOT/USDT response is likely to soar to the level of resistance to the developing hacks approach.
There are likely to be other options for empty bills. He will try to maintain head friction and bring the price below the 200-day moving average. If they guarantee that, the foreign exchange currency could fall again to $5.15.
Analysis of the price of firewood dogs
The Akita Dog (Shib) is being squeezed between the downtrend pattern and the mental support line of $0.000010.
Such small deals are unlikely to last for a long time, and promotion seems urgent. The price has been around the downward trend line, indicating that the Shib/USDT foreign exchange currency is likely to soar above this safe channel. There is a small amount of friction at $0.000012, but if you raise that level, the foreign exchange currency is likely to rise to $0.000016.
If the price of gold turns down and falls below the $0.000010 support line, this good news will be denied for a short time. It may reduce the price to $0.000008.
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