bears
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Legfrissebb
In the past 24 hours, #Bitcoin #BTC has slid beneath the important support level of $17,000 as weekly #bears have taken the driver’s seat. The most popular #cryptocurrency is presently selling at $16,723, a decrease of 2.5% over the past week.
Traders Patiently waiting for #fomc 😂
#bulls Vs #bears
In today's #crypto2023 things look hotter than before
#Binance
#bulls Vs #bears
In today's #crypto2023 things look hotter than before
#Binance
After the #bears ' latest drive, #Litecoin is weak, but it may turn bullish before its impending halving. As a court verdict in the #SEC vs. #Ripple lawsuit approaches, the price of XRP continues to trade above a crucial level. This past week, LTC and #XRP both experienced modest investment product inflows, which signals broader crypto resiliency.
Why This Is The Most Important Bitcoin Chart You’ll See This Week
#bitcoin price action is at an impasse. #Bulls and #bears are divided as to what happens next, leading to months of consolidation. It could all come down to the next few days, according to the most important #BTCUSDT price chart you’ll see this week.
The chart shows just how critical the stalemate in crypto markets is currently, and why this week could be the end of the indecision.
Bitcoin Momentum Takes A Pause, But What’s Next?
In technical analysis, the velocity of price increases or decreases can be measured by momentum. Various tools exist that get the job done, including the Moving Average Convergence Divergence indicator. The tool is designed to give overbought and oversold signals, plus buy and sell signals based on crossovers of the signal and MACD lines. Passing through the zero line is also an indication of momentum strengthening, as well as the underlying trend.
It is for all these reasons and more that the chart below is so important. The chart consists of BTCUSD on the one-week timeframe. Underneath the price action is the LMACD – a logarithmic version of the MACD. The log version allows more comparative analysis between long-term cycles. At just a glance, it is easy to see that the tool appears ready to cross downward, generating a sell signal.
The inflection point is visible in the LMACD | BTCUSD on TradingView.com
Below The Zero Line: Doom Or Redemption?
What’s worse is the fact the sell signal will occur alongside a failure to hold above the zero line on the LMACD. Such a sign of momentum failure would more than likely lead to a retest of current bear market lows across crypto. However, the D in the indicator’s name stands for “divergence.” Signals are generated based on the tool converging or diverging. Diverging upward in Bitcoin, could send the crypto market blasting off higher instead.
But beware. It is possible that both situations could happen before the week’s end. The LMACD could cross down and turn the histogram red for the first time in 2023 and shake out those eager to jump the gun on the sell signal. After the shakeout, the tool could diverge up before close and continue to push momentum and price to new highs. Alternatively, the tool could diverge upward at this inflection point, only to later cross back down. What is for certain is that the current lack of a decision in price direction is about to end, according to the LMACD.
source: newsbtc by Tony "The Bull"
image source: ai
#CryptoDailyDigest
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
The chart shows just how critical the stalemate in crypto markets is currently, and why this week could be the end of the indecision.
Bitcoin Momentum Takes A Pause, But What’s Next?
In technical analysis, the velocity of price increases or decreases can be measured by momentum. Various tools exist that get the job done, including the Moving Average Convergence Divergence indicator. The tool is designed to give overbought and oversold signals, plus buy and sell signals based on crossovers of the signal and MACD lines. Passing through the zero line is also an indication of momentum strengthening, as well as the underlying trend.
It is for all these reasons and more that the chart below is so important. The chart consists of BTCUSD on the one-week timeframe. Underneath the price action is the LMACD – a logarithmic version of the MACD. The log version allows more comparative analysis between long-term cycles. At just a glance, it is easy to see that the tool appears ready to cross downward, generating a sell signal.
The inflection point is visible in the LMACD | BTCUSD on TradingView.com
Below The Zero Line: Doom Or Redemption?
What’s worse is the fact the sell signal will occur alongside a failure to hold above the zero line on the LMACD. Such a sign of momentum failure would more than likely lead to a retest of current bear market lows across crypto. However, the D in the indicator’s name stands for “divergence.” Signals are generated based on the tool converging or diverging. Diverging upward in Bitcoin, could send the crypto market blasting off higher instead.
But beware. It is possible that both situations could happen before the week’s end. The LMACD could cross down and turn the histogram red for the first time in 2023 and shake out those eager to jump the gun on the sell signal. After the shakeout, the tool could diverge up before close and continue to push momentum and price to new highs. Alternatively, the tool could diverge upward at this inflection point, only to later cross back down. What is for certain is that the current lack of a decision in price direction is about to end, according to the LMACD.
source: newsbtc by Tony "The Bull"
image source: ai
#CryptoDailyDigest
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
I don't see #bitcoin going below 40k again anytime soon. There will be no sympathy for #bears , What do you guys think? #TrendingTopic #Write2Earn #ALT $BTC $ETH
BTC stays above 45k PreHalving
84%
BTC Dumps below 40k Black swan
16%
19 Szavazatok • Voting closed
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PEPE Memecoin Analysis: Will the Bulls Rally or Will Whales Bring It Down?
In recent weeks, the supply of PEPE held by top addresses has been steadily increasing, raising concerns about the coin's centralization. This has led to speculation that PEPE could experience fresh lows if large holders decide to dump their holdings. Despite these concerns, PEPE has emerged as the most searched coin this week, and its oversold status has piqued the interest of memecoin enthusiasts. In this blog post, we will delve into the factors affecting PEPE's price action and whether the bulls have a chance to stage a rally.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
2 Billion ADA Demand Wall Might Push Back Cardano Bears: Details
#GOATMoments Cardano's ADA has been on a steady decline since July 14 after attaining highs of $0.38. That said, ADA will mark its fifth consecutive day of trading in red if a negative close is achieved today.
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6
When everyone panics and is in a bearish sentiment, then it's 99% the time to start buying and diversifying your portfolio.
Although we got hit hard, it is still a young industry and we have to find a way to make it work.
DCA, HODL and be part of the journey.
#googleai #crypto2023 #BinanceTournament #bulls #bears
Although we got hit hard, it is still a young industry and we have to find a way to make it work.
DCA, HODL and be part of the journey.
#googleai #crypto2023 #BinanceTournament #bulls #bears
$SOL
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
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Cointelegraph
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Price Analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Bitcoin’s (BTC) failure to build upon its solid comeback on March 20 shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin exchange-traded funds (ETFs) for four straight days, according to data from Farside Investors.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.