Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 21, 2022

Bitcoin and altcoins are trading at key resistance levels on March 21st, signalling a potential bullish reversal. 

Bitcoin and most major altcoins were bearish all through the weekend of March 19th/20th. Selling volumes have dropped on March 21st, though, and buyers are slowly re-entering the market. However, bulls are not in the clear as they are trading at crucial resistance levels, and with little volumes to back them up. The big question now is, will bulls break resistance levels and trigger a bullish reversal, or is the bear trend that started last week about to continue? Let’s analyze the top 10 cryptocurrencies to find out. 

BTC/USD

After a rally early last week, Bitcoin (BTC) turned bearish on March 19th and has been on a downtrend since then. The selloff continues on March 21th though bears are struggling at $40,711.21, a price level where they also struggled between 17th and 18th March. At the moment, bulls are still fighting to maintain market control. 

BTC/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to fight back at $41,337.85 on the 100-day MA. If bulls can overcome the wall of short-sellers at $41,337.5, they can expect an even bigger fight at $41,790.43 on the 50-day MA. If bulls can marshal enough volumes and break the wall of short-sellers at $41,790.43, Bitcoin could test $45k in the short term.

However, if bears take control at $40,924.91, they can expect bulls to fight back hard at $40,711.21. This is a price level where bears have failed at; twice in the past week. If bears can marshal enough volumes to break the wall of buyers at $40,711.21, Bitcoin could hit $38,000 in the short term. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

After a rally at the beginning of last week, Ethereum (ETH) turned bearish on March 19th and has been on a downtrend since then. The selloff continued on March 20th though bears are struggling at $2841.07 on March 21st after selling volumes dropped. At the moment, bulls are fighting hard to retake the market but are yet to break through the 100-day MA moving average resistance at $2870.66.

ETH/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $2870.66 on the 100-day MA, they can expect an even bigger fight at $2909.74 on the 50-day MA. If bulls can garner enough volumes and overpower short sellers at $2909.74, Ethereum could test $3100 in the short term.

However, if bears overpower bulls at $2909.74 take control at $40,924.91, they can expect bulls to put up a fight at $2791.37. This is a price level where the bulls put up a fight in the past week. If bears overpower buyers at $2791.37, Ethereum could have a target of $2610.30 in the short term. 

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) turned bearish on March 19th and has been on a downtrend since then. The selloff continued on March 20th as bears crashed buyers at the 50-day, and 100-day MA’s.  However, selling volumes have dropped and buyers are entering the market. Bulls are still fighting hard to retake the market but are yet to break through the 100-day MA moving average resistance at $89.34. 

SOL/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $89.34 on the 100-day MA, they can expect an even bigger fight at $90.39 on the 50-day MA. If bulls can garner enough volumes and overpower short sellers at $90.39, Solana could test $95 in the short term.

However, if bears can overpower bulls who are entering the market around the 100-day MA at $89.34, they can expect bulls to put up a fight at $86.71. This is the lowest price that Solana has hit in the last 24-hours. If bears can break up the wall of buyers at $86.71, Solana’s short-term target would be $81.62. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance coin (BNB) turned bearish on March 19th and has been on a downtrend since that time. The selloff continues on March 21th though bears are struggling at $388.2, a price level where the Binance coin has formed a double bottom. At the moment, bulls are still fighting to gain control of the market, but their volumes are dropping as the price approaches the 100.

BNB/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $392.9 on the 100-day MA, they can expect an even bigger fight at $395.5 on the 50-day MA. If bulls can garner enough volumes and overpower short sellers at $395.5, Binance coin could test $400 in the short term.

However, if bears can overpower bulls who are entering the market around the 100-day MA at $392.9, they can expect bulls to put up a fight at $384.8. This is the lowest price that Binance coin has hit in the last 24-hours. If bears can break up the wall of buyers at $384.8, BNB’s short-term target would be $368.8. 

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Like the rest of the market, Ripple’s (XRP) turned bearish on March 19th and has been on a downtrend since. The selloff continued in the early part of March 21th though bulls seem to be gaining momentum, though they are struggling at the 50-day MA at $0.8111. 

XRP/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $0.8111 on the 100-day MA, they can expect an even bigger fight at $0.8426, a price level where XRP bulls failed on March 19th. If bulls can garner enough volumes and overpower short sellers at $0.8246, XRP could test $0.90 in the short term.

However, if bears can overpower bulls who are entering the market around the 100-day MA at $0.8111, they can expect bulls to put up a fight at $0.801 on the 100-day MA. If bears can break up the wall of buyers at $0.801, XRP’s short-term target would be $0.7798. 

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) turned bearish on March 19th and continued trending lower on March 20th. However, Cardano broke ranks with the rest of the market on March 21st and has been gaining upside momentum, albeit with low volumes. Cardano is currently trading along the 50-day MA at $0.886.

ADA/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $0.886 on the 50-day MA, they can expect an even bigger fight at $0.906, a price level where ADA bulls failed on March 20th. If bulls can garner enough volumes and overpower short sellers at $0.906, ADA could test $1 in the short term.

However, if bears can overpower bulls who are entering the market around the 50-day MA at $0.886, they can expect bulls to put up a fight at $0.864 on the 100-day MA. If bears can break up the wall of buyers at $0.864, Cardano’s short-term target would be $0.820. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) turned bearish on March 19th, and continued trending lower on March 20th. However, bulls seem to be gaining momentum on March 21st. Avalanche is currently trading along the 50-day MA at $87.58.

AVAX/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $87.58 on the 50-day MA, they can expect an even bigger fight at $92.33, the highest price that AVAX hit on March 19th before turning bearish. If bulls can garner enough volumes and overpower short sellers at $92.33, AVAX could test $100 in the short term.

However, if bears can overpower bulls who are entering the market around the 50-day MA at $87.58, they can expect bulls to put up a fight at $83.86 on the 100-day MA. If bears can break up the wall of buyers at $83.60, AVAX could easily test $77.05 in the short term. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Like the rest of the market, Terra (LUNA) was largely bearish on March 20th. However, LUNA has broken out strongly bullish on March 21st and is currently trading at $95.25, a price level where it last traded at on March 15th.  

LUNA/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $95.25, then LUNA can easily test prices above $100 and possibly make new highs in the short term.  

However, if bears can overpower bulls who are entering the market around the $95.25 multi-day high, they can expect bulls to put up a fight at $91.78 on the 50-day MA. If bears can break up the wall of buyers at $91.78, LUNA could easily test $87.61 in the short term. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) turned bearish on March 19th and was on a downtrend all through March 20th. However, bulls seem to be gaining control on March 21st, but with low volumes. Currently, Dogecoin is trading at the 50-day MA at $0.1211. 

DOGE/USD daily chart. Source: TradingView

If bulls can overcome the wall of short-sellers at $0.1211 on the 50-day MA, they can expect an even bigger fight at $0.1251, the highest price that DOGE hit on March 19th before turning bearish. If bulls can garner enough volumes and overpower short sellers at $0.1251, DOGE could test $0.14 in the short term.

However, if bears can overpower bulls entering the market around the 50-day MA at $0.1211, they can expect bulls to put up a fight at $0.1190 on the 100-day MA. If bears can break up the wall of buyers at $0.1190, DOGE could test $0.1142 in the short term. 

Related: Dogecoin (DOGE) Price Predictions

SHIB/USD

Shiba Inu (SHIB) turned bearish on March 19th and has been in a strong downtrend. While selling volumes are still high, bulls seem to be entering the market, and SHIB is trending towards the 50-day MA at $0.00002345. 

SHIB/USD daily chart. Source: TradingView

If Shiba Inu bulls can overcome the wall of short-sellers at $0.00002345 on the 50-day MA, they can expect an even bigger fight at $0.00002403, a price level where a bullish reversal was firmly rejected on March 20th. If bulls can garner enough volumes and overpower short sellers at $0.00002403, SHIB could test $0.00002556 in the short term.

However, if bears can overpower bulls who are entering the market around $0.00002310, they can expect bulls to put up a fight at $0.00002282 on the 100-day MA. If bears can break up the wall of buyers at $0.00002282, SHIB could test $0.00002137 in the short term. 

Related: Shiba Inu (SHIB) Price Predictions