Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 22, 2022

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Last Updated March 22nd 2022
9 Min Read

Bitcoin and altcoins buying volumes are rising on March 22nd, signalling a possible continuation of the uptrend that started on March 21st. 

Bitcoin and most altcoins were in a breakout on March 21st. However, volumes have dropped on March 22nd, and bears are fighting hard to retake the market. While bearish volumes are overall low, the big question is, are bulls strong enough to push through the day's highs and continue the uptrend. Let's analyze the top 10 cryptocurrencies to find out. 

BTC/USD

After consolidating for most of March 21st, Bitcoin (BTC) is in a breakout on March 22nd. Buying volumes have shot up, and the moving averages point to a potential breakout. The 20-day MA has crossed the 50, and 100-day moving averages from below, further making the case for a possible uptrend. However, bears are fighting back and have negated most of the gains made earlier in the day. Overall, bulls are be in control of the market. 

BTC/USD daily chart 032222

BTC/USD daily chart. Source: TradingView

If bulls can fight off the wave of bears that have entered the market, they can expect an even more significant resistance at $43,378.07 - the highest price that Bitcoin has hit in the last 24-hours. If bulls can overcome bears at $43,378.07, Bitcoin could easily test $50k in the short term. 

However, if the bearish momentum that is building up gets stronger, Bitcoin bears can expect bulls to put up a strong fight at $41,389.50, a price level where the 50-day and the 100-day moving averages are moving together. If bears are strong enough to overpower the huge number of buyers at $41,389.50, Bitcoin could easily drop to $39,136.50 in the short term. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) was in consolidation for most of March 21st. However, it broke out to the upside on March 22nd. The 20-day MA has also crossed the 50-day and 100-day MA from below, indicating that bulls are firmly in control. Bears are putting up a fight though, and have triggered a minor correction, but bulls are slowly canceling them out. 

ETH/USD daily chart 032222

ETH/USD daily chart. Source: TradingView

If bulls can fight off the bears that are currently entering the market, they can expect an even bigger resistance at $3052.98, the highest price that Ethereum has hit in the last 24-hours. If bulls can overcome the wall of short-sellers at $3052.98, Ethereum could easily test $3500 in the short term. 

On the flip side, if the bearish momentum that is building up gets stronger, Ethereum bears can expect bulls to put up a strong fight at $2900.20 on the 50-day. If bears are strong enough to overpower the huge number of buyers at $2900.20, Ethereum could drop to $2752.95 in the short term. 

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was bearish for the better part of March 21st. However, the tides have changed on March 22nd in a classic case of a bullish reversal. This is pretty much in line with the price action in the broader market. However, Solana's uptrend in the last 12-hours is weaker than most major cryptos. Currently, bears seem to be gaining control and could negate SOL's gains from earlier in the day.

SOL/USD daily chart 032222

SOL/USD daily chart. Source: TradingView

If bulls can fight off the bears that are currently entering the market, they can expect an even bigger resistance at $92.38, the highest price that Solana has hit in the last 24-hours. If bulls can overcome the wall of short-sellers at $92.38, Solana could test $95 in the short term. 

However, if the bearish momentum building up gets stronger, Solana bears can expect bulls to put up a strong fight at $89.45 on the 50-day MA. If bears are strong enough to overpower the huge number of buyers at $89.45, Solana's short-term target to the downside would be $81.99. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance coin (BNB) was on an uptrend all through March 21st. With the broader market turning bullish on March 22nd, Binance coin's buying volumes have shot up. The moving averages, too, point to the bullish nature of the Binance coin. The 20-day MA has cut the 50-day and the 100-day MA from below, signaling rising bullish sentiment. However bears are fighting hard to retake the market, but they don't have enough volumes to counteract BNB's bullish wave. 

BNB/USD daily chart 032222

BNB/USD daily chart. Source: TradingView

If bulls can fight off the bears that are currently entering the market, they can expect an even bigger resistance at $410.02, the highest price that Binance Coin has hit in the last 24-hours. If bulls can overcome the wall of short-sellers at $410.02, Binance Coin could test $500 in the short term. 

However, if the bearish momentum that is building up gets stronger, Binance coin bears can expect bulls to put up a strong fight at $395.4 on the 50-day MA. If bears are strong enough to overpower the huge number of buyers at $395.4, Binance coin could test $382.2 in the short term. 

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Ripple's (XRP) was on an uptrend all through March 21st. With the broader market turning bullish on March 22nd, XRP's buying volumes have shot up. The moving averages, too, point to the bullish nature of XRP. The 20-day MA is outpacing the 50-day, and 100-day moving averages, signaling to the current price rising faster than the historical average. However bears are fighting hard to retake the market, but they don't have enough volumes to counteract the gains that XRP has made in the last 24-hours. 

XRP/USD daily chart 032222

XRP/USD daily chart. Source: TradingView

If bulls can fight off the bears currently entering the market, they can expect an even bigger resistance at $0.8652. This is the highest price that XRP has hit in the last 24-hours. If bulls can overcome the wall of short-sellers at $0.8652, XRP could test $1 in the short term. 

However, XRP bears can expect bulls to put up a strong fight at $0.8102 on the 100-day MA if the bearish momentum gets stronger. If bears are strong enough to overpower the huge number of buyers at $0.8102, XRP could trade at $0.776 in the short-term.

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) has been bullish since March 20th and continues to build up upside momentum. Cardano's upside momentum has accelerated, with the broader market turning bullish on March 22nd. However, bears are fighting hard to retake the market but lack the volumes to turn Cardano's bullish tide. 

ADA/USD daily chart 032222

ADA/USD daily chart. Source: TradingView

If bulls can fight off the bears currently entering the market, they can expect an even bigger resistance at $0.950. This is the highest price that ADA has hit in the last 24-hours. If bulls can overcome the wall of short-sellers at $0.950, ADA could test $1 in the short term. 

However, if the bearish momentum gets stronger, ADA bears can expect bulls to put up a strong fight at $0.897 on the 50-day MA. If bears are strong enough to overpower the huge number of bulls at $0.897, they can expect bulls to fight even harder at $0.864, a price where ADA has bounced off in the last 48-hours. If bears can overcome the wall of buyers at $0.864, ADA could trade at $0.824 in the short term. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) has been directionless since March 21st. The same trend continues on March 22nd, though buyers seem to be taking control of the market, albeit with low volumes. 

AVAX/USD daily chart 032222

AVAX/USD daily chart. Source: TradingView

If bulls sustain the current momentum, they can expect bears to fight back at $92.51; the highest price AVAX tested in the last 48-hours. If bulls can overcome the wall of short-sellers at $92.51, AVAX could test a short-term target of $100.

On the other hand, if the bearish momentum gets stronger, AVAX bears can expect bulls to put up a strong fight in the $87.16 (50-day MA) to $86.25 (100-day MA) range. If bears can overcome the wall of buyers in the $87.16 to $86.25 range, AVAX could test $77.36 in the short term. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

While it started bullish on March 21st, Terra (LUNA) turned bearish towards the end of the day. The selloff continues on March 22nd, though bulls are putting up a strong fight at $93.66 on the 50-day MA. 

LUNA/USD daily chart 032222

LUNA/USD daily chart. Source: TradingView

If bulls can turn the tide, they can expect bears to fight back at $97.74, the highest price that LUNA has tested in the last 48-hours. If bulls can overcome the wall of short-sellers at $97.74, LUNA could test $100 in the short term.

However, if the bearish momentum gets stronger, LUNA bears can expect bulls to put up a strong fight at $90.68 on the 100-day MA. If bears can overcome the wall of buyers in the $90.68, LUNA could test $83.68 in the short term. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

After trading in a tight range for most of March 21st, Dogecoin (DOGE) is in a breakout on March 22nd. Buying volumes are up, and the moving averages point to a potential continuation of the current rally. The 20-day MA has crossed the 50-day moving average from below, signaling a possible uptrend. However, bears are fighting back hard and have triggered a minor correction. Buying volumes are still relatively high, though.  

DOGE/USD daily chart 032222

DOGE/USD daily chart. Source: TradingView

If bulls can fight off the wave of bears that have entered the market, bulls can expect to fight even more short sellers at $0.1239, the highest price that Dogecoin has hit in the last 24-hours. If bulls can overpower short sellers at $0.1239, Dogecoin could easily test $0.15 in the short term. 

However, if the bearish momentum that is building up gets stronger, Dogecoin bears can expect bulls to put up a strong fight at $0.1201 on the 50-day MA. If bears are strong enough to overpower the huge number of buyers at $0.1201, Dogecoin could test $0.1144 in the short term.  

Related: Dogecoin (DOGE) Price Predictions

SHIB/USD

Shiba Inu (SHIB) traded in a narrow range throughout March 21st. However, bulls have taken control on March 22nd and triggered a breakout. However, Shiba Inu's breakout is weak compared to most major cryptos, and bears are fighting hard to retake control. 

SHIB/USD daily chart 032222

SHIB/USD daily chart. Source: TradingView

If bulls can fight off the wave of bears that have entered the market, bulls can expect to fight even more short sellers at $0.00002201, the highest price that Shiba Inu has hit in the last 24-hours. If bulls can overpower short sellers at $0.00002201, Shiba Inu could easily test prices above $0.00002597 in the short term. 

However, if the bearish momentum gets stronger, Shiba Inu bears can expect bulls to put up an intense fight at $0.00002304 on the 100-day MA. If bears are strong enough to break the wall of buyers at $0.00002304, Shiba Inu could test $0.00002177 in the short term.  

Related: Shiba Inu (SHIB) Price Predictions