Crypto Price Analysis March 21: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, TON, LINK, LEO
The cryptocurrency market continues to face selling pressure at higher levels, with Bitcoin (BTC) struggling to surpass the $87,500 resistance. Despite bearish attempts, analysts suggest limited downside potential, citing a possible bottom at $77,000 due to the Federal Reserve’s easing of quantitative tightening.
Quick Summary
- Bitcoin faces resistance at $87,500; support at $80,000 and $76,606.
- Ether struggles near $2,067; critical support at $1,800.
- XRP risks bearish pattern if it breaks below $2.
- BNB shows strength above $608; resistance at $644 and $686.
- Solana remains bearish below $135; key support at $110.
- Cardano faces selling at moving averages; support at uptrend line.
- Dogecoin bearish below $0.18; critical support at $0.14.
- Toncoin bullish above $3.51; resistance at $4.
- Chainlink struggles at $14.59; key support at $12.
- UNUS SED LEO consolidates below $10; bullish breakout above $9.90.
Bitcoin (BTC)
Bitcoin’s recovery halted at the resistance line near $87,500. If BTC breaks below the uptrend line, it could drop to $80,000 and potentially $76,606. A rebound above $87,500 could trigger a rally toward $95,000 and eventually $100,000.
Ethereum (ETH)
Ether faces selling pressure at the 20-day EMA ($2,067). A break below $1,927 could lead to a decline toward the critical support zone of $1,750–$1,800. A bullish reversal above $2,111 could open the path to $2,420 and $2,850.
XRP (XRP)
XRP briefly rose above moving averages but failed to sustain momentum. A drop below the 20-day EMA ($2.36) could push XRP toward $2.22 and the critical $2 support. A rebound from current levels would target the resistance line again.
Binance Coin (BNB)
BNB found support at the 20-day EMA ($608), indicating buying interest. A break above $644 could lead to a rally toward $686 and possibly $745. Bears must push the price below $608 to regain control.
Solana (SOL)
SOL remains bearish, turning down from the 20-day EMA ($135). Key support lies at $120 and $110. A break below $110 could trigger further declines toward $98 and $80. A bullish reversal above the 20-day EMA could target $163.
Cardano (ADA)
ADA faces resistance at moving averages. Bulls must defend the uptrend line to avoid a deeper correction toward $0.58 and $0.50. A strong rebound could push ADA toward $1.02.
Dogecoin (DOGE)
DOGE struggles below the 20-day EMA ($0.18). A break below $0.16 could retest critical support at $0.14. A bullish breakout above the 20-day EMA could lead to a rally toward $0.22 and $0.29.
Toncoin (TON)
TON shows bullish momentum above the 50-day SMA ($3.51). Resistance at $4 remains a hurdle. Support at the 20-day EMA ($3.32) could help bulls push the price toward $5 and $5.50.
Chainlink (LINK)
LINK failed to sustain above the 20-day EMA ($14.59). Bears aim to push the price toward critical support at $12. A bullish reversal from current levels or $12 could target $16.83 and $19.25.
UNUS SED LEO (LEO)
LEO remains range-bound below $10. A break below $9.60 could lead to a decline toward the uptrend line. Conversely, a bullish breakout above $9.90 could trigger a rally toward $12.04.
Disclaimer: 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.
