Solana (SOL) Analysis:on last March 29,2024
Solana faces resistance at the downtrend line, signaling bearish pressure.
A downturn below the 20-day EMA ($175) could shift the short-term advantage to bears, leading the SOLUSDT pair towards $162 and potentially the 50-day SMA ($141).
Bulls need to push the price above the downtrend line to target resistance at $205 and possibly $267.
XRP Analysis:
XRP has been hovering near the 20-day EMA ($0.62), reflecting uncertainty regarding its next move.
Maintaining below the 20-day EMA might prompt a drop towards the uptrend line, a critical level for bulls to defend. Conversely, breaching $0.69 could pave the way for a rally towards $0.74.
Cardano (ADA) Analysis:
Cardano struggles to stay above the breakout level of $0.68, indicating bearish pressure.
A dip below $0.63 may confine the ADAUSDT pair within a range of $0.68 and $0.57. However, sustaining above $0.70 could bolster the bullish case, potentially targeting $0.81.
A bearish scenario involves breaking below $0.57, forming a bearish head-and-shoulders pattern.
Dogecoin (DOGE) Analysis:
Dogecoin experiences a pullback near the $0.23 resistance, suggesting profit-taking by traders.
A correction to the $0.19 breakout level could set the stage for a rally towards $0.30, provided the level holds as support.
However, a dip below $0.19 may lead to a test of the 20-day EMA ($0.17) and potentially the 50-day SMA ($0.13).
Avalanche (AVAX), Shiba Inu (SHIB), and Toncoin (TON) analyses follow similar patterns of resistance and support levels, reflecting ongoing battles between bulls and bears.
This article does not contain investment advice or recommendations
