Price analysis 3/28: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

2 years ago

Bitcoin (BTC) and respective altcoins amazed with their newfound spot during the weekend. Bitcoin’s rally easy sliced done the $45,900 level, which according to Glassnode was an area of absorption due to the fact that respective investors had purchased adjacent that level erstwhile Bitcoin was declining aft hitting its all-time precocious successful November.

Bitcoin’s spot whitethorn person attracted buying successful respective altcoins, which are inactive languishing beneath their 52-week high. The rally successful Bitcoin and the bottommost sportfishing successful altcoins has boosted capitalist sentiment, pushing the Crypto Fear and Greed Index into the “greed” territory.

Interestingly, the crypto markets person held a ample portion of their gains contempt the tepid show of the U.S. banal markets connected March 28. This suggests that the crypto markets whitethorn beryllium successful the aboriginal stages of decoupling from the equity markets.

Could buyers prolong the momentum and wide the overhead absorption levels? Let’s survey the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

Bitcoin hesitated connected March 26 arsenic seen from the inside-day candlestick. This indicated indecision among the bulls and the bears. This uncertainty resolved to the upside connected March 27 arsenic the bulls regrouped and propelled the terms supra the overhead absorption astatine $45,400.

The crisp rally of the past fewer days has pushed the comparative spot scale (RSI) into the overbought portion for the archetypal clip since October 2021. This suggests that the momentum favors the buyers.

The bears whitethorn effort to stall the up-move astatine the absorption enactment of the ascending transmission but if bulls flooded this barrier, the BTC/USDT brace could rally to the intelligence level astatine $50,000 and aboriginal to $52,000.

If the terms turns down from the absorption line, the buyers volition effort to flip $45,400 into support. If they succeed, it volition suggest that the up-move whitethorn continue. The bears volition person to propulsion and prolong the terms beneath $45,400 to weaken the bullish momentum.

ETH/USDT

Ether (ETH) broke supra the symmetrical triangle connected March 25 but the bulls could not prolong the higher levels. However, the buyers did not cede crushed to the bears and resumed their acquisition connected March 26.

The momentum picked up connected March 27 and the ETH/USDT brace has reached $3,411 wherever the bulls whitethorn brushwood a insignificant resistance. If bulls bulldoze their mode through, the ETH/USDT brace could rally toward the intelligence level astatine $4,000.

Alternatively, if the terms turns down from $3,411, the brace could retest the breakout level from the triangle. If the terms rebounds disconnected this level, it volition suggest beardown buying connected dips. The bulls volition past again effort to resume the up-move.

The bears volition person to propulsion and prolong the terms wrong the triangle to suggest that the bullish momentum whitethorn person weakened.

BNB/USDT

Binance Coin (BNB) continued its northward march and has reached the overhead absorption astatine $445. The bears are apt to support this level with vigor.

The rising 20-day exponential moving mean ($402) and the RSI adjacent the overbought portion bespeak that bulls are successful control. If buyers thrust the terms supra $445, the BNB/USDT brace could rally toward the intelligence level astatine $500. This level could again enactment arsenic a beardown resistance.

If the terms turns down from $500 but does not interruption beneath $445, it volition suggest that the bulls person flipped the level into support. That volition summation the likelihood of a interruption supra the overhead resistance.

Contrary to this assumption, if the terms turns down from $445, the brace could driblet to the 20-day EMA.

XRP/USDT

XRP turned up connected March 26, indicating that bulls are buying connected insignificant dips. The buyers pushed the terms supra the beardown absorption astatine $0.86 but are facing absorption adjacent $0.91.

Both moving averages are sloping up and the RSI is successful the affirmative zone. If buyers bash not let the terms to descent beneath $0.86, the prospects of a interruption supra $0.91 increase. If that happens, the XRP/USDT brace could rally to the intelligence level astatine $1.

This affirmative presumption volition beryllium invalidated if the terms turns down from the existent level oregon the overhead absorption astatine $0.91 and plummets beneath the moving averages. Such a determination could propulsion the terms to the beardown enactment astatine $0.70.

ADA/USDT

Cardano (ADA) has continued its betterment and the terms has reached the overhead absorption astatine $1.26 wherever the bears are apt to equine a beardown defense.

The rising 20-day EMA ($1) and the RSI successful the overbought portion suggest that bulls are successful control. If the terms turns down from overhead absorption but the bulls bash not springiness up overmuch ground, it volition summation the anticipation of a interruption supra $1.26.

If that happens, the ADA/USDT brace could rally to $1.60 and past march higher toward $1.80. This bullish presumption volition invalidate if the terms turns down from the overhead absorption and breaks beneath the intelligence level astatine $1.

LUNA/USDT

Terra’s LUNA token has been stuck successful a choky scope betwixt the overhead absorption astatine $96 and the enactment astatine the 20-day EMA ($90). This tight-range trading could soon pb to a crisp trending move.

The rising 20-day EMA and the RSI successful the affirmative territory suggest that the way of slightest absorption is to the upside. If buyers propel and prolong the terms supra $96, the LUNA/USDT brace could retest the all-time precocious astatine $105.

This level is apt to enactment arsenic a large obstacle but if bulls flooded it, the uptrend whitethorn resume. The brace could past rally to $125. This affirmative presumption volition invalidate successful the abbreviated word if the terms turns down and breaks beneath the 20-day EMA. That could unfastened the gates for a imaginable diminution to $82.

SOL/USDT

After trading adjacent the overhead absorption astatine $106 for a fewer days, Solana (SOL) broke and closed supra the level connected March 27. The moving averages person completed a bullish crossover and the RSI is adjacent the overbought zone, indicating vantage to buyers.

If bulls prolong the terms supra $106, the SOL/USDT brace could emergence to $122. The bears are expected to support this level aggressively. If the terms turns down from this level and breaks beneath $106, it volition suggest that the brace whitethorn stay range-bound for a fewer much days.

The bulls volition person to wide the overhead hurdle astatine $122 to awesome the commencement of a caller imaginable uptrend. The brace could past commencement its up-move which could scope the overhead absorption portion betwixt $158 and $163.

AVAX/USDT

Avalanche (AVAX) rebounded disconnected the 20-day EMA ($83) connected March 26, indicating that bulls are buying connected dips. The buyers volition present effort to prolong the terms supra the contiguous absorption astatine $92.

If they succeed, the AVAX/USDT brace could rally to the overhead absorption portion astatine $98 to $100. This is an important portion for the bears to support due to the fact that a interruption and adjacent supra it could widen the rally to $120.

If the terms turns down from the overhead zone, the bears volition effort to propulsion the brace to the moving averages. If the terms rebounds disconnected this level, the brace whitethorn stay stuck betwixt the moving averages and the overhead portion for a fewer days.

DOT/USDT

Polkadot (DOT) picked up momentum connected March 27 and has reached the stiff overhead absorption astatine $23. The upsloping 20-day EMA ($20) and the RSI adjacent the overbought portion suggest that bulls person the precocious hand.

If bulls thrust and prolong the terms supra $23, the DOT/USDT brace could rally to $28. If bulls win successful clearing this hurdle, the up-move whitethorn widen to $30 and aboriginal to $32.

Alternatively, if the terms turns down from the overhead resistance, the bears volition effort to propulsion the brace to the 20-day EMA. A beardown rebound disconnected this enactment volition suggest that bulls proceed to bargain connected dips. That volition summation the anticipation of a interruption supra the overhead barrier.

This affirmative presumption volition invalidate if the terms breaks beneath the moving averages. That could widen the consolidation betwixt $16 and $23 for a fewer much days.

DOGE/USDT

The bulls flipped the 50-day elemental moving mean ($0.13) into enactment connected March 25. This attracted beardown buying successful Dogecoin (DOGE), putting it connected the way for a imaginable rally to $0.17.

The moving averages are connected the verge of a bullish crossover and the RSI is adjacent the overbought zone, indicating that buyers person the precocious hand. If bulls thrust the terms supra $0.17, the DOGE/USDT brace could emergence to $0.22.

If the terms turns down from $0.17 but does not springiness up overmuch ground, it volition suggest that the traders expect the betterment to continue.

Conversely, if the terms turns down sharply from the existent level oregon the overhead resistance, it volition awesome that the brace whitethorn stay range-bound betwixt $0.12 and $0.17 for a fewer much days.

The views and opinions expressed present are solely those of the writer and bash not needfully bespeak the views of Cointelegraph. Every concern and trading determination involves risk. You should behaviour your ain probe erstwhile making a decision.

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