Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 14, 2022

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Last Updated March 14th 2022
8 Min Read

Bitcoin and altcoins are trading at key resistance levels, signaling to a potential bullish breakout if buying volumes increase. 

After a sluggish day on March 13th, bulls seem to be gaining control on March 14th. Most cryptocurrencies are now trading at resistance levels, but volumes are low. Can bulls break through resistance levels and turn the market green? Let's analyze the top 10 cryptocurrencies to find out. 

BTC/USD

Bitcoin (BTC) was in consolidation below the $39018.9 50-day and 20-day moving averages, for the better part of March 13th. However, bears took control in the day, but they couldn't overcome the massive wall of buyers at $37733.30. Bulls have taken control on March 14th but are yet to break through resistance at $39018.9 on the 50-day MA.

BTC/USD daily chart 031422

BTC/USD daily chart. Source: TradingView

If bulls can break through the wall of sellers at $39,018.9, Bitcoin could trend towards $39,589.25. In the past week, Bitcoin bulls have unsuccessfully tried to break the resistance at $39,589.25. If bulls can break the wall of sellers at $39,589.25, then Bitcoin could trend towards a short-term target of $40536. 

However, if Bitcoin cannot break the wall of sellers at $39,018.9 on the 50-day MA, bears can expect to fight even more buyers at $37733.30, just like on March 13th. If bears can overcome the high number of buyers at $37,733.30, the short-term downside target for Bitcoin would be $37149.2.

Related: Bitcoin (BTC) Price Prediction

ETH/USD

For the better part of March 13th, Ethereum (ETH) was consolidating at $2579.01 on the 50-day MA. However, in the day, bears took control, but they couldn't overcome the wall of buyers at $2493.06, triggering a reversal. Bulls remain in control on March 14th but are yet to break through resistance at $2579.01.  

ETH/USD daily chart 031422

ETH/USD daily chart. Source: TradingView

If bulls are able to break through the wall of sellers at $2579.01, Ethereum could trend towards $2675.91. In the past week, Ethereum bulls were strongly rejected at $2675.91. As such, if bulls can overpower sellers at $2675.91, then Ethereum's short term target to the upside would be at $2774.34, a price level where Ethereum buyers have faced huge resistance in the past week. 

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was in consolidation below the 50-day MA for most of March 13th, though selling volumes were rising. This triggered a selloff towards the end of the day. However, bears hit a strong wall of buyers at $77.57, triggering a reversal. Bulls are still in control on March 14th but are yet to break through the 50-day resistance at $81.02. 

SOL/USD daily chart 031422

SOL/USD daily chart. Source: TradingView

If bulls can break through the wall of sellers at $81.02, Solana could trend towards $85.59. In the past week, Solana bulls have been rejected at $85.59, and if they break the wall of bears at this level, $90.00 would be an achievable short term target. 

However, if Solana bulls can't break the wall of sellers at $77.69, Solana's short-term downside target would be $77.65. This is a price level where Solana bears were strongly rejected at on March 13th. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was range-bound on March 13th and traded below the 50-day moving average at $374.0 for most of the day. At some point in the day, bears took control and pushed BNB lower. However, bears did not have the volumes to overcome the wall of buyers at $359.6. This triggered a bullish reversal, but as of March 14th, Binance coin bulls have hit strong resistance at $368 on the 20-day MA.  

BNB/USD daily chart 031422

BNB/USD daily chart. Source: TradingView

If bulls can break the wall of buyers $368 on the 20-day MA, they can expect even more resistance at $378.3, a price level where they have failed at all through the past week. If bulls have enough volumes to break through the $378.3 resistance, $400 would be an achievable short-term target for BNB.

However, if Binance coin bulls are unable to break the wall of sellers at $368 on the 20-day MA, bears can expect to find a wall of buyers at $359.6, a price level where BNB had a sharp reversal on March 14th. If bears can break through the high number of buyers at $359.6, the short-term downside target for Binance coin would be $355.6.

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Ripple's (XRP) was range-bound for most of March 13th. However, bearish volumes increased sharply towards the end of the day, triggering a drop in price that saw XRP break the 100-day MA support at $0.7653. Bulls are regaining control on March 14th but are yet to break through resistance at $0.7653, which is now some pretty huge resistance.  

XRP/USD daily chart 031422

XRP/USD daily chart. Source: TradingView

If bulls can break through the wall of sellers at $0.7653, XRP could trend towards $0.8025, a price level where bulls faced huge resistance on March 13th. If bulls can break the wall of sellers at $0.8025, then XRP could trend towards its recent high of $0.84 in the short term.

However, if XRP bulls cannot break the wall of sellers at $0.7653 on the 100-day MA, bears can expect more pressure from buyers at $0.7454 its lowest price since March 12th. If bears can overcome the high number of buyers at $0.7454, the short-term downside target for XRP would be $0.7266.

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) had a volatile day on March 13th. It rallied in the earlier part of the day, but the gains were cancelled out by bears towards the end of the day. Bulls have since taken control, and on March 14th, Cardano has rallied through the 20, 50, and 100-day moving averages, and upside momentum is on the rise. 

ADA/USD daily chart 031422

ADA/USD daily chart. Source: TradingView

If bulls can break through the wall of sellers at $0.812, ADA could trend towards $0.859. That's a price it last tested on March 9th. Breaking the $0.859 could see ADA enter a medium-term uptrend. 

However, if ADA bulls cannot break the wall of sellers at $0.814, ADA could turn bearish. 

In such a scenario, bears can expect some even more bears on the 50-day MA; bears can expect to fight off a high number of buyers at $0.776, the lowest price it has hit on March 14th. If bears can overcome the high number of buyers at $0.776, ADA's short-term downside target would be $0.765.

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) was bearish, albeit with low volumes for most of March 13th. Towards the end of the day, the selloff accelerated, and AVAX made a low of $66.89. However, bulls took control on March 14th and erased most of the gains from March 13th. AVAX has broken through the 20-day MA at $69.93 and is trending up.  

AVAX/USD daily chart 031422

AVAX/USD daily chart. Source: TradingView

If bulls can break through the wall of sellers at $70.77 on the 50-day MA, Avalanche could trend towards the 100-day MA at $72.10. If bulls can break the wall of sellers at $72.10, then Avalanche could trend towards a short term target of $76.41. 

However, if Avalanche bulls cannot break the wall of sellers at $70.77 on the 50-day MA, bears can expect a strong fight from buyers at $66.82, the lowest price AVAX has tested since March 11th. If bears can overcome the high number of buyers at $66.82, the short-term downside target for AVAX would be $65.55.

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) was highly volatile on March 13th. However, towards the end of the day, LUNA bounced off a low of $89.49. Bulls have since taken control, and on March 14th, LUNA had rallied through the 50-day MA. The 20-day MA is also cutting the 50-day MA from below, an indicator that bullish momentum is on the rise. 

LUNA/USD daily chart 031422

LUNA/USD daily chart. Source: TradingView

If bulls break through the wall of sellers at $92.90 on the 100-day MA, LUNA could trend towards $100.10, a price level where bulls faced huge resistance on March 11th. If bulls can break the wall of sellers at $100.10, then LUNA make new highs in the short term.  

However, if LUNA bulls cannot break the wall of sellers at $92.90 on the 100-day MA, bears can expect more pressure from buyers at $85.29, a price where LUNA has reversed twice in the past week. If bears can overcome the high number of buyers at $085.29, the short-term downside target for LUNA would be $79.70.

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) was bearish for most of March 13th. Towards the end of the day, bulls took control have retained a tight grip on the market on March 14th. At some point on March 14th, Dogecoin saw a massive rally that saw DOGE test March 7th highs of $0.1220. However, momentum has since dropped, and Doge is now trading below the 100-day MA resistance at $0.1155. 

DOGE/USD daily chart 031422

DOGE/USD daily chart. Source: TradingView

If Dogecoin bulls break through the wall of sellers at $0.1155 on the 100-day MA, DOGE could trend towards its day's high of $0.1220, where bulls can expect significant resistance. If bulls can break the wall of sellers at $0.1220, then DOGE could test $0.1225 in the short term.  

However, if DOGE bulls cannot break the wall of sellers at $0.1155 on the 100-day MA, the price could drop to the March 13th low of $0.1099. If bears can overcome the high number of buyers at $0.1099, the short-term downside target for DOGE would be below $0.10.

Related: Dogecoin (DOGE) Price Predictions

SHIB/USD

Shiba Inu (SHIB) was in consolidation for the better part of March 13th, but an increase in selling volumes triggered a selloff towards the end of the day. Bulls have taken control on March 14th but are yet to break through resistance at $0.00002217 on the 50-day.

SHIB/USD daily chart 031422

SHIB/USD daily chart. Source: TradingView

If Shiba Inu bulls can break through the wall of sellers at $0.00002217, SHIB could trend towards $0.00002234 on the 100-day MA. If bulls can break the wall of sellers at $0.00002234, then Shiba Inu could trend towards a short-term target of $0.00002313, a price it last tested on March 11th. 

However, if SHIB bulls cannot break the wall of sellers at $0.00002217 on the 100-day MA, the price could drop to the March 13th low of $0.00002121. If bears can overcome the high number of buyers at $0.1099, the short-term downside target for SHIB would be $0.00002096.

Related: Shiba Inu (SHIB) Price Predictions