📉 According to Coin360, the cryptocurrency market continues to fall. The US Federal Reserve warns of a possible rate hike due to high inflation. Meanwhile, Pantera Capital predicts Bitcoin will rise to $35,000 by April 2024.
- Bitcoin: Bears continue to sell on the rally, with the price stuck between $26,833 and $24,800.
- Ether: Bulls are trying to push the price above the 20-day EMA ($1,737) and out of the $1,626 - $2,000 range.
- BNB: Bulls must quickly push the price back above the 20-day EMA ($225) to begin a rally towards the resistance line.
- XRP: Bulls must push the price above the 20-day EMA ($0.56) to begin a rally towards the 50-day SMA ($0.63).
- Cardano: bears continue to sell on every small rally, the price could drop to $0.24 or $0.20.
- Solana: Bulls must quickly push the price above the $22.30 resistance to return to the 50-day SMA ($23.67).
- Dogecoin: If the price falls below $0.06, the DOGE/USDT pair could fall to $0.055 or even $0.05.
- Polkadot: Bulls need to break through resistance at $4.56 to begin a rally towards $5.
- Polygon: If bulls break through the $0.60 resistance, the recovery could reach the 50-day SMA ($0.68).
- Toncoin: if buyers raise the price above $1.53, the TON/USDT pair may begin a new rise towards the target level of $1.91.