Price Analysis 3/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, XLM

The Bitcoin (BTC) Bulls are still under pressure and are about to push their price beyond $90,000 resistance. According to data from Sosovalue, a positive indication in favor of the Bulls is that US spot Bitcoin exchange trade funds have witnessed eight consecutive trading days. This indicates that institutional investors are gradually buying again.

Another positive, Bitcoin Zilla purchased 2,400 Bitcoins (over $200 million) on March 24, increasing its total holding to over 15,000 BTC, blockchain analytics firm Arkham Intelligence said in a post on X.

However, the Bitcoin rally may not be easy as the Bulls are expected to encounter solid sales of nearly $90,000. In a post from X, Alphractal CEO Joao Wedson highlighted that Whale closed its long position and launched a short position with Bitcoin for $88,000. He added that history says whales are correct.

Can Bitcoin break down on hard overhead resistance and pull altcoins higher, or is it time for short-term fixes? Analyze and explore the charts of the top 10 cryptocurrencies.

Bitcoin price analysis

Bitcoin is facing sales on the Resistance Line, but the positive sign is that the Bulls are not allowing prices to fall below the 20-day index moving average ($85,825).

The 20-day EMA and the relative strength index (RSI) near the midpoint suggest that the Bulls have a slight edge. A break and closing above the simple 50-day moving average ($89,787) indicates that the correction may have ended. The BTC/USDT pair surges to $95,000 and then becomes a critical resistance at $100,000.

Contrary to this assumption, prices fell, below the 20-day EMA, indicating that the bull has given up. It could sink the pair to $83,000 and then $80,000.

Ether Price Analysis

Ether (ETH) recovery is facing solid resistance at a failure level of $2,111, indicating that bears do not want to give up on their advantage.

When the price continues to fall below $1,937, it indicates that the bear is about to invert the $2,111 level into resistance. In that case, the ETH/USDT pair could drop to $1,800.

This negative view will be void in the short term if prices rise and go above $2,111. This opens the door to the 50-day SMA ($2,325) rally, then $2,550. Such a move suggests that the pair may have formed a short-term bottom at $1,754.

XRP Price Analysis

XRP (XRP) is about to receive support from a 20-day EMA ($2.39), suggesting that the Bulls are buying it at Dip.

When the price bounces back from the 20-day EMA, the Bulls try to push the price up to the resistance line. If the price drops sharply from the resistance line and breaks below the moving average, it indicates that the bear is in control. This allows you to keep another $2 if the XRP/USDT pair is clogged between the resistance lines.

The buyer sits in the driver's seat during the break and closes above the resistance line. The pair went up to $3 and ultimately it would be $3.40.

BNB Price Analysis

The BNB (BNB) Bulls face resistance at $644, but the positive sign is that buyers aren't giving up on the ground much to the bear.

A 20-day EMA ($616) begins to appear, with the RSI in the positive zone suggesting that the path of minimal resistance will be an advantage. If the buyer drives a price above $644, the BNB/USDT pair could be promoted to $686. This level may once again serve as a powerful barrier, but if the Bulls overcome it, the pair could ralliate at $745.

The first signs of weakness are breaks and closures below the 20-day EMA. This could reduce the price towards a 38.2% Fibonacci retracement level of $591.

Solana Price Analysis

Solana (Sol) broke the 20-day EMA ($136) on March 24th to close it, suggesting the start of a relief rally.

A 50-day SMA ($155) could act as a resistance, but if the Bulls prioritize, the Sol/USDT pair could be promoted to $180. Sellers are expected to actively defend the $180 level. A price drops sharply from $180 and below the 20-day EMA indicates a possible range formation in the short term. The pair can be merged between $110 and $180 for a while.

Instead, if the buyer drives prices above $180, it suggests that the pair has begun their journey towards the top of the big range of $110 to $260.

Dogecoin Price Analysis

Dogecoin (Doge) was closed above the 20-day EMA ($0.18) on March 25, suggesting the onset of a sustained recovery.

The Doge/USDT pair faces sales at a 50-day SMA ($0.21). When the price rebounds from the 20-day EMA, you will be shown purchasing at dip. The Bulls try to push the pair to $0.24 and then to $0.29.

On the other hand, if the price slips under the 20-day EMA, it indicates that the bear continues to be sold at the gathering. The pair may drop to $0.16 and then drop to key support at $0.14.

Cardano Price Analysis

The Cardano (ADA) Bulls have pushed prices above the 50-day SMA ($0.75), but are struggling to maintain a higher level.

If the price falls below the 20-day EMA, the Bears will try to pull the ADA/USDT pair onto the uptrend line. This is an important level for the Bulls to protect. Because a break below that could lean a bear's advantage. The pair then goes to $0.58, then $0.50.

If a buyer wants to seize control, they will need to push and maintain prices above the 50-day SMA. If they can do that, the pair could rise to $0.84. This level could serve as a strong resistance, but if the Bulls win, the pair could rise to $1.02.

Related: Bitcoin prices dropped three months of downtrends when “key shift” began

Chain Link Price Analysis

ChainLink (Link) moved to a 50-day SMA ($16.12). This can act as a hard resistance.

If prices drop from the 50-day SMA, the Link/USDT pair may find support at the 20-day EMA ($14.75). A strong rebound from a 20-day EMA increases the chances of breaks beyond a 50-day SMA. The pair rises to $17.7 and then can climb to the line of resistance.

If bears want to prevent benefits, they need to quickly pull back prices under the 20-day EMA. The pair could go up to $13.82 and then plummet to the channel's support line.

Avalanche price analysis

Avalanche (Avax) Lelief Rally rose above the 50-day SMA ($22.10) on March 25th.

A 20-day EMA ($20.42) begins to appear, and the RSI jumps into the positive zone, showing the benefits to buyers. If the Avax/USDT pair fell from its current level but found support in the 20-day EMA, it suggests a change in emotions from sales at the rally to buying at the dip. This brings the rally outlook to $27.23.

On the contrary, breaks and closings below the 20-day EMA show a range formation between $25.12 and $15.27.

Star price analysis

Stellar (XLM) is expected to recover to a $0.31 breakdown level, with the bears expected to provide strong defenses.

A price falls from $0.31 and below $0.27 suggests that the bear is active at a higher level. This increases the risk of a drop to critical support at $0.22, which is expected by buyers to intervene.

Alternatively, breaks and closings above $0.31 indicate that the market has refused to break down. The XLM/USDT pair could go up to the downtrend line, which could once again bring about a major challenge. Breaks and closes above the downtrend line suggest a change in the potential trend.

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.