Bitcoin and altcoins are making higher lows, signalling a possible bullish continuation pattern on March 25th.
Bitcoin and most altcoins were trending up all through March 24th. They continue the same price action on March 25th though buying volumes have dropped. Many cryptos are now trading at major resistance levels. So what next from this point? Will the bull trend continue, or is a bearish reversal imminent? Let’s analyze the top 10 cryptocurrencies to find out.
BTC/USD
Bitcoin (BTC) was making higher lows along the 20-day MA all through March 24th. The same upside momentum continues on March 25th, though buying volumes have dropped, and the price has hit resistance at $44,111.62.
BTC/USD daily chart. Source: TradingView
If bulls can garner enough volumes to break through the wall of short-sellers building up at $44,111.62, Bitcoin could easily test $50k or more, in the coming days.
However, if bears are strong enough to stall and reverse the trend at $44,111.62, they can expect bulls to put up a fight at $42,383.40. If bears can break the wall of buyers at $42,383.40, Bitcoin could hit $40k in the short term.
Related: Bitcoin (BTC) Price Prediction
ETH/USD
Ethereum (ETH) was making higher lows along the 20-day MA all through March 24th. The same upside momentum continues on March 25th, though bears are making an attempt at Ethereum around the $3145.39 price level.
ETH/USD daily chart. Source: TradingView
If bulls can push through the wall of short sellers that is building up at $3145.39, Ethereum could test and easily push through $4000 in the short term.
On the other hand, if bears are strong enough to stall and reverse the trend at $3145.39, they can expect bulls to put up a fight at $3015.65. If bears can break the wall of buyers at $3015.65, Ethereum could test $2938.34 in the short term.
Related: Ethereum (ETH) Price Prediction
SOL/USD
Solana (SOL) made higher lows along the 20-day MA all through March 24th. The same upside momentum continues on March 25th, though buying volumes have dropped around $104.59.
SOL/USD daily chart. Source: TradingView
If bulls can push through the wall of short-sellers building up at $104.59, Solana would have a short-term target of $130 to the upside.
On the other hand, if bears can reverse the bullish tide at $104.59, bears can expect bulls to fight back at $100.49. If bears can break the wall of buyers at $100.49, Solana could test $92.69 in the short term.
Related: Solana (SOL) Price Prediction
BNB/USD
Binance Coin (BNB) was making higher lows along the 20-day MA all through March 24th. The same upside momentum continues on March 25th, though bulls are facing significant resistance at $415.16.
BNB/USD daily chart. Source: TradingView
If bulls have enough volumes to break through the wall of short sellers that is building up at $415.16, Binance Coin could test $500 in the near future.
However, if bears are strong enough to stall and reverse the trend at $415.16, they can expect bulls to put up a fight at $407.1. If bears can break the wall of buyers at $407.1, Binance Coin could have a target of $401.4 in the short term.
Related: Binance Coin (BNB) Price Predictions
XRP/USD
Ripple’s (XRP) was making higher lows along the 100-day MA all through March 24th. However, unlike most of the major altcoins, XRP buying volumes are low, and the uptrend is weak. XRP bulls are already facing strong resistance at $0.8473, as selling volumes rise.
XRP/USD daily chart. Source: TradingView
If bulls are strong enough to break the wall of short sellers that is building up at $0.8473, XRP could test $0.90 in the short term.
However, if bears take control and reverse the price, bears can expect bulls to put up a fight at $0.8339 on the 50-day MA. If bears can break the wall of buyers at $0.8339, XRP’s downside target in the short term would be $0.7994.
Related: Ripple (XRP) Price Predictions
ADA/USD
Cardano (ADA) was making higher lows along the 20-day MA all through March 24th. However, bears have entered the market in high volumes, and ADA bulls are facing stiff resistance at $1.175.
ADA/USD daily chart. Source: TradingView
If Cardano bulls are strong enough to break the wall of short sellers that is building up at $1.175, ADA could test $1.50 in the short term.
However, if bears are strong enough to reverse the trend at $1.175, they can expect bulls to put up a fight at $1.12, the lowest price that ADA has tested in the last 24-hours. If bears can break the wall of buyers at $1.12, ADA could hit $1.05 in the short term.
Related: Cardano (ADA) Price Predictions
AVAX/USD
Avalanche (AVAX) was range-bound on March 24th and oscillated between $88.10 and $84.03 all through the day. The same price action continues on March 25th, though selling volumes are on the rise.
AVAX/USD daily chart. Source: TradingView
If Avalanche bulls can take control and push AVAX in the broader market direction, they can expect bears to put up a fight at $88.10 on the upper bound of the current range. If bulls are strong enough to break the wall of short-sellers at $88.10, AVAX could test $100 in the short term.
On the flip side, if bears are strong enough to break the wall of buyers at $84.03, AVAX bulls are likely to put up an even bigger fight at $83.42. If bears can break the wall of buyers at $83.42, AVAX could test $77.15 in the short term.
Related: Avalanche (AVAX) Price Predictions
LUNA/USD
Terra (LUNA) was bearish throughout March 24th but with low volumes. The same low volumes downtrend continues on March 25th, though bears are facing serious pushback from buyers at $92.83.
LUNA/USD daily chart. Source: TradingView
If bulls can reverse the tide at $92.83, they can expect bears to put up a fight at $93.99 on the 50-day MA. If bulls can break through the wall of short-sellers at $93.99, LUNA could test $100 in the short term.
However, if bears can break through the wall of buyers at $92.83, LUNA could test $90.36 in the short term.
Related: Terra (LUNA) Price Predictions
DOGE/USD
Dogecoin (DOGE) was bullish in the early part of March 24th, but towards the end of the day, started consolidating between $0.1374 and $0.1345. Dogecoin continues trading in this range on March 25th.
DOGE/USD daily chart. Source: TradingView
If bulls can break the wall of short-sellers at $0.1374, Dogecoin bulls can expect bears to put up a fight at $0.142, the highest price that DOGE has hit in the last 48-hours. If bulls can break the wall of buyers at $0.142, Dogecoin could test $0.15 in the short term.
On the other hand, if selling volumes increase and bears break the wall of buyers at $0.1345, Dogecoin could test $0.1215 in the short term.
Related: Dogecoin (DOGE) Price Predictions
SHIB/USD
Shiba Inu (SHIB) was making higher lows along the 50-day MA all through March 24th. The same upside momentum continues on March 25th, though buying volumes have dropped, and SHIB price hit resistance at $0.00002501.
SHIB/USD daily chart. Source: TradingView
If bulls can garner enough volumes to break through the wall of short-sellers building up at $0.00002501, Shiba Inu could easily test $0.00002600 or more in the short term.
However, if bears are strong enough to stall and reverse the trend at $0.00002501, they can expect bulls to put up a fight at $0.00002407, the lowest price that Shiba Inu has hit in the last 24-hours. If bears can break the wall of buyers at $0.00002407, Shiba Inu could hit $0.00002324 in the short term.
Related: Shiba Inu (SHIB) Price Predictions
- BTC
- DOGE
- XRP
- ETH
- ADA
- SHIB
- SOL
- Ripple Forecast
- Solana Forecast
- Cardano Forecast
- Dogecoin Forecast
- Ethereum Forecast
- Shiba Inu Forecast
- Bitcoin Forecast
- Terra Forecast
- LUNA
- Altcoin
- Price Analysis
- Cryptocurrencies
- BNB
- Binance Coin
- AVAX
- Avalanche Forecast