Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 15, 2022

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Last Updated March 15th 2022
7 Min Read

Bitcoin and major altcoins are still stuck in a range with no clear direction for the day. 

Save for a few outliers; the crypto market was directionless for most of March 14th. Volumes are pretty low, too, making it hard to tell the direction that the market could go next. With so much anticipated on the regulatory front and the ongoing geopolitical issues affecting all markets, cryptos could pretty much breakout in any direction. 

The big question now is, will the market breakout, or will the range-bound trading continue? Let’s analyze the top 10 cryptos to try and figure this out. 

BTC/USD

Bitcoin (BTC) was range-bound throughout March 14th, save for a minor spike that only lasted two hours. The range-bound trading continues as key moving averages, the 50-day, and the 100-day trend closely together. 

BTC/USD daily chart 031522

BTC/USD daily chart. Source: TradingView

If Bitcoin breaks out of the current range-bound trading, bulls can expect to face stiff resistance at $39,952.26, the highest price Bitcoin hit during its spike on March 14th. If bulls can push through resistance at $39,952.26, Bitcoin could easily trend back towards $42,587.22 in the short term. 

On the other hand, if bears take control and push Bitcoin outside of its current range, they can expect a huge wall of buyers at $37,577.56. This is the lowest price that Bitcoin hit during a downside spike on March 13th. If bears can break through $37,577.56, the short-term target for Bitcoin to the downside would be $36,707.99.

Related: Bitcoin (BTC) Price Prediction

ETH/USD

Ethereum (ETH) was range-bound on March 14th, with upside and downside spikes canceled within the day. Range-bound trading has continued on March 15th, albeit with even lower volumes than on March 14th, as the 50-day and 100-day moving averages got even closer together in parallel movement. 

ETH/USD daily chart 031522

ETH/USD daily chart. Source: TradingView

If bulls take control of the market, they can expect significant resistance at $2608.54, the highest price Ethereum hit during the spike on March 14th. If bulls are strong enough to break through the wall of sellers at $2608.54, the short-term target for Ethereum would be $2800.

However, if bears take control, they can expect to face a solid wall of buyers at $2515.33, a price where bears were rejected on March 14th. If they are strong enough to break through the wall of buyers at $2515.33, the downside target for Ethereum would be at $2460.04.

Related: Ethereum (ETH) Price Prediction

SOL/USD

All through March 14th, Solana (SOL) oscillated between an upper bound at $81.81 and a lower bound at $79.00. The same price action continues on March 15th, but volumes are much lower than on March 14th. 

SOL/USD daily chart 031522

SOL/USD daily chart. Source: TradingView

If buying volumes increase in the day, bulls can expect to find significant resistance from short sellers at $81.81. If bulls can garner enough volumes to break through $81.81, then SOL could easily test $85.44 in the short term. 

However, if bears take control, they can expect to deal with a huge wall of buyers at $79.00. If Solana bears can break through $79.00 with high volumes, the short-term target for Solana would be $76.50. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance coin (BNB), like the rest of the market, was range-bound for the better part of March 14th. It oscillated between an upper bound at $371.7 and a lower bound at $359.4. The same price action has continued on March 15th. Save for a minor spike earlier in the day, volumes have dropped, and BNB is currently back in the $371.7 - $359.4 range. 

BNB/USD daily chart 031522

BNB/USD daily chart. Source: TradingView

If buying volumes increase, bulls can expect to find a solid wall of short-sellers at $374.7, the price where an upside break was rejected earlier in the day. If bulls can break through the wall of sellers at $374.7, BNB’s short-term target to the upside would be at $387.2. 

However, if bears take control in the day, they too can expect a huge wall of buyers at $359.4. If selling volumes increase and $359.4 is broken, $355.5 would be the short-term target for Binance coin. 

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Ripple’s (XRP) was range-bound all through March 14th. All through the day, it was trading between an upper bound at $0.7760 and a lower bound at $0.7499. The same range-bound trading continues on March 15th, albeit with even lower volumes. 

XRP/USD daily chart 031522

XRP/USD daily chart. Source: TradingView

If buying volumes increase in the day, bulls can expect to face major resistance at the $0.7760 upper bound. If they can overcome the wall of sellers at $0.7760, then XRP’s short term would be at $0.8407.

On the other hand, if selling volumes increase, bears can expect a wall of buyers at $0.7499. If short sellers can break through $0.7499, the short-term target for XRP would be at $0.7260.

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) was a little more volatile than most other cryptos on March 14th. However, overall, it was still range-bound and was generally oscillating between an upper bound at $0.810 and a lower bound at $0.788. The same range-bound trading continues on March 15th, but volumes have dropped significantly. 

ADA/USD daily chart 031522

ADA/USD daily chart. Source: TradingView

If bulls take control in the day, they can expect to hit a wall of short-sellers at $0.810. If bulls are strong enough to break the wall of short-sellers at $0.810, prices above the short-term target for ADA would be at $0.852.

On the other hand, if bears take control, they can expect to find a wall of buyers at $0.788, the lower bound of the range where ADA has been trading at since March 14th. If short sellers can overpower buyers at $0.788, then ADA’s short-term target to the downside would be at $0.770. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) was out of sync with the overall market on March 14th. While most of the market was range-bound, Avalanche was bearish and formed a descending triangle pattern. The downtrend continues, but Avalanche has solid support at $66.16 on March 15th. 

AVAX/USD daily chart 031522

AVAX/USD daily chart. Source: TradingView

If bulls take control in the day, they can expect to face significant resistance at $69.36 on the 50-day moving average. If bulls can garner enough volumes to break through $69.36, they could face another wave of sellers at $71.45, the highest price that AVAX hit on March 14th. If bulls manage to break through resistance at $71.45, the short target to the upside would be at $74.76. 

On the other hand, if short-sellers can break the wave of buyers at $66.16, the short-term target for AVAX to the downside would be at $62.99. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA), too, was out of synch with the broader market on March 14th. While the broader market was range-bound, LUNA was forming higher lows, indicative of a bull trend. The same trend continues on March 14th, which means LUNA bulls are in control of the market.

LUNA/USD daily chart 031522

LUNA/USD daily chart. Source: TradingView

If bulls remain firmly in control, they can expect some stiff resistance at $95.77, the highest price that LUNA has hit in the day. If LUNA bulls are able to break the wall of short-sellers at $95.77, the short-term target for LUNA to the upside would be at $101.07. 

However, if LUNA bears take control in the day, they can expect a strong wall of buyers at $92.13. Short-sellers can expect to fight even more bulls at $90.53 on the 50-day MA if this is broken. If bears can break through $90.53, LUNA’s target to the downside would be $85.99.

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) was trading in a bearish channel on March 14th and was making lower highs all day. The same trend continues on March 15th, and selling volumes are on the rise though there is strong support at $0.119. 

DOGE/USD daily chart 031522

DOGE/USD daily chart. Source: TradingView

If bulls retake control of the market by any chance, they can expect to find strong resistance at $0.1140, a price where they were rejected on March 14th. If bulls can break through $0.1140, they could encounter even more short sellers at $0.1167. If bulls can break through the wall of sellers at $0.1167, Dogecoin’s short term would be at $0.1234. 

However, if bears remain in control and can break through the wall of buyers at $0.119, the short-term target for Dogecoin would be at $0.1086. 

Related: Dogecoin (DOGE) Price Predictions

SHIB/USD

Shiba Inu (SHIB) was range-bound for the better part of March 14th. All through the day, SHIB oscillated between an upper bound at $0.00002213 and a lower bound at $0.00002149. The same range-bound trading continues on March 15th, but volumes are much lower than they were on March 14th. 

SHIB/USD daily chart 031522

SHIB/USD daily chart. Source: TradingView

If Shiba Inu bulls take control, they can expect strong resistance at $0.00002213. If bulls can break the wall of sellers at $0.00002213, the short-term target for SHIB would be at $0.00002385. 

On the other hand, if Shiba Inu bears take control and break through the wall of buyers at $0.00002149, the short-term downside target for SHIB would be $0.00002092. 

Related: Shiba Inu (SHIB) Price Predictions