Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 28, 2022

Bitcoin and altcoins continue the bullish momentum that started on March 27th on March 28th. It’s a signal that a short-term uptrend could be underway. 

Bitcoin and major altcoins were in a breakout on March 27th, and the upside momentum continues on March 28th. However, short-sellers seem to be entering, though they are yet to take control. At this point, one can only wonder, will the uptrend continue, or is a bearish reversal imminent?

BTC/USD

Bitcoin (BTC) was range-bound along the 50-day MA for most of March 27th. However, following a surge in buying volumes, Bitcoin broke out towards the end of the day. The rally continues on March 28th, but buying volumes are considerably lower compared to the late hours of March 27th. 

BTC/USD daily chart. Source: TradingView

If Bitcoin bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $47651.71, the highest price Bitcoin has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $47,651.71, Bitcoin could easily test $50k or more in the short term.

However, if bears can overcome buyers around the $47,651.71 level, they can expect bulls to put up at $44,436.07. If bears break the wall of buyers at $44,436.07, Bitcoin could easily test $40k in the short term. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) was in consolidation on the 50-day MA for most of March 27th. However, following a surge in buying volumes, Ethereum rallied towards the end of the day. Ethereum’s rally continues on March 28th, but buying volumes are considerably lower compared to March 27th. 

ETH/USD daily chart. Source: TradingView

If Ethereum bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $3339.52, the highest price that Ethereum has hit on March 28th. If bulls are strong enough to break the wall of short-sellers at $3339.52, Ethereum could easily test $4000 or more in the short term.

However, if bears can overcome buyers at $3339.52, they can expect bulls to put up at $3140.98 on the 20-day MA. If bears break the wall of buyers at $3140.98, Ethereum could easily test $3000 in the short term. 

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was one of the cryptos that turned strongly bullish very early on March 27th. While Bitcoin and many other altcoins were consolidating, Solana was in a strong uptrend. The trend continues on March 28th, and Solana continues gaining strong upside momentum. 

SOL/USD daily chart. Source: TradingView

If Solana bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $114.0, a psychological resistance level for SOL. If bulls are strong enough to overcome short sellers at $114.0, Solana could easily test $160, or more, in the short term.

However, if bears can overcome buyers around $114, they can expect bulls to put up at $104.52, a price level where bulls failed on March 25th. If bears break the wall of buyers at $104.52, Solana could easily test $98.02 short term. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was range-bound for most of March 27th along the 50-day MA. However, following a surge in buying volumes, Binance coin broke out towards the end of the day. The rally continues on March 28th, and BNB buying volumes are rising. 

BNB/USD daily chart. Source: TradingView

If Binance Coin bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $437.1, the highest price Binance Coin has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers building up at $437.1, Binance Coin could easily test $500 or more in the short term.

On the other hand, if bears can overcome bulls around the $437.1 level, they can expect bulls to put up at $415.2 on the 20-day MA. If bears break the wall of buyers at $415.2, Binance Coin could easily test $408.3 in the short term. 

Related: Binance Coin (BNB) Price Predictions 

XRP/USD

Ripple’s (XRP) turned strongly bullish early on March 27th. The momentum increased in the day and continues to rise on March 28th. However, bulls seem to have hit a wall of bears at $0.8779, and buying volumes are dropping. 

XRP/USD daily chart. Source: TradingView

If XRP bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $0.8779, the highest price XRP has hit in the last 24-hours. If bulls are strong enough to break the wall of short sellers that is building up at $0.8779, XRP could easily test $1 or more in the short term.

However, if bears can overcome buyers around the $0.8779 price level, they can expect bulls to put up an even bigger fight at $0.8345 on the 50-day MA. If bears break the wall of buyers at $0.8345, XRP could easily test $0.8107 in the short term. 

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) is trading in the overall direction of the broader market, albeit with much lower volumes. On March 27th, Cardano was largely range-bound along the 50-day MA at $1.125. ADA then broke out towards the end of the day. The uptrend continues on March 28th, but the volumes are much lower than most major cryptos. 

ADA/USD daily chart. Source: TradingView

If Cardano bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $1.199, the highest price Cardano has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $1.199, Cardano could easily test $2 in the short term. 

However, if bears can overcome buyers at $1.199, they can expect bulls to put up an even bigger fight at $1.125 on the 50-day MA. If bears break the wall of buyers at $1.125, ADA could easily test $1.0804 in the short term. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) broke out bullish early on March 27th. The upside momentum was quite strong and is getting even stronger on March 28th. 

AVAX/USD daily chart. Source: TradingView

If Avalanche bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $92.50, the highest price that Avalanche has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $92.50, Avalanche could easily test $120 or more in the short term.

However, if bears can overcome buyers around the $92.50 level, they can expect bulls to put up an even bigger fight at $85.51 on the 50-day MA. If bears break the wall of buyers at $85.51, Avalanche could easily test $82.48 in the short term. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) gained strong upside momentum on March 27th. The same strong uptrend has continued on March 28th, but bulls seem to have hit strong resistance at $96.54, the highest price that LUNA has hit in the last 24-hours.

LUNA/USD daily chart. Source: TradingView

If LUNA bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $96.54, the highest price that LUNA has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $96.54, LUNA could easily test $130 or more in the short term.

However, if bears can overcome buyers around the $96.54 price level, they can expect bulls to put up at $92.06 on the 100-day MA. If bears break the wall of buyers at $92.06, LUNA could easily test $89.88 in the short term. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) has been on an uptrend since March 25th. On March 27th, Dogecoin was making higher lows, indicating that bulls were firmly in control. The same momentum continues on March 28th, but Doge bulls are now fighting a wall of short-sellers at $0.1507.

DOGE/USD daily chart. Source: TradingView

If Dogecoin bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $0.1507, the highest price that Dogecoin has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $0.1507, Dogecoin could easily test $0.20 or more in the short term.

However, if bears can overcome buyers around the $0.1507 level, they can expect bulls to put up an even bigger fight at $0.1365. If bears break the wall of buyers at $0.1365, Dogecoin could easily test $0.1297 in the short term. 

Related: Dogecoin (DOGE) Price Predictions

SHIB/USD

Shiba Inu (SHIB) was strongly bullish on March 27th and has sustained the same momentum on March 28th. However, bulls are facing significant resistance at $0.00002694.  

SHIB/USD daily chart. Source: TradingView

If Shiba Inu bulls can sustain the upside momentum, they can expect short sellers to put up a fight at $0.0.00002694, the highest price Shiba Inu has hit in the last 24-hours. If bulls are strong enough to break the wall of short-sellers at $0.00002694, Shiba Inu could easily test $0.00002800 or more in the short term.

However, if bears can overcome buyers around the $0.00002694 price level, they can expect bulls to put up an even bigger fight at $0.00002454 on the 100-day MA. If bears break the wall of buyers at $0.00002454, Shiba Inu could easily test $0.00002324 in the short term. 

Related: Shiba Inu (SHIB) Price Predictions