Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – March 29, 2022

Bitcoin and altcoins are struggling at key resistance levels on March 29th, signaling a potential correction in the short term. 

Bitcoin and most altcoins are trading at key resistance levels on March 29th. This follows a series of gains on March 27th and 28th. With volumes dropping at major resistance levels, the question now is, will the Bull Run continue, or is a minor correction imminent in the short term? Let's dive into the top 10 cryptocurrencies to find out. 

BTC/USD

Bitcoin (BTC) was trading in a bullish channel all through March 28th. The same momentum continues on March 29th, as Bitcoin is trading along the 20-day MA. However, volumes remain low, and bears are fighting hard though they are yet to break through the 20-day MA.

BTC/USD daily chart. Source: TradingView

If bulls manage to push Bitcoin off the 20-day MA in a breakout move, they can expect bulls to fight hard at $50k. If bulls are strong enough to break the wall of short-sellers at $50k, Bitcoin could easily test $55k in the short term.

However, if bears can fight and win at the 20-day MA, they can expect bulls to put up a fight at $44,444.98. If bears can break the wall of buyers at $44,444.98, Bitcoin could test $42,865.68 in the short term.

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) was bullish all through March 29th. The same upside momentum continues on March 29th, as Ethereum is trading along the 20-day MA. Buying volumes are rising, and Ethereum is now rallying off the 20-day MA. 

ETH/USD daily chart. Source: TradingView

If bulls sustain the rally off the 20-day MA, they can expect bears to put up a fight at $3418.26, a price level where bulls had failed earlier in the day. If bulls are strong enough to break the wall of short-sellers at $3418.26, Ethereum could easily test $3700 in the short term.

However, if bears can fight and win at the $3418.26 resistance, they can expect bulls to put up a fight at $3380.19 on the 20-day MA. If bears can break the wall of buyers at $3380.19, Ethereum could test $3128.31 in the short term.

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was bullish for most of March 28th but turned bearish towards the end of the day. However, bulls fought back hard and reversed the trend at $105.82 on the 50-day MA. The upside momentum continues on March 29th though bears are putting up a fight at $110.38 on the 20-day MA. 

SOL/USD daily chart. Source: TradingView

If bulls can break the wall of short-sellers at $110.38 on the 20-day MA, they can expect bears to put up an even bigger fight at $113.80, the highest price that Solana tested on March 28th. If bulls can dismantle the wall of short-sellers at $113.80, Solana could test $117.0 in the short term. 

However, if bears can overpower bulls at the 20-day MA, they can expect bulls to put up an even bigger fight at $105.82 on the 50-day MA. If bears break the wall of buyers at $105.82, Solana could test $100.47 in the short term. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was bullish for most of March 28th but turned bearish towards the end of the day. However, bulls fought back hard and reversed the trend at $427.8, just above the 50-day MA. The upside momentum continues on March 29th though bears are fighting hard at $435.8 on the 20-day MA. 

BNB/USD daily chart. Source: TradingView

If bulls can push through the wall of short-sellers at $435.8 on the 20-day MA, they can expect bears to push back harder at $441.0. That's the highest price that Binance Coin tested on March 28th. If bulls can break the wall of short-sellers at $441.0, Binance Coin could test $500 in the short term. 

However, if bears take control at $435.8 on the 20-day MA, they can expect bulls to put up an even bigger fight at $427.8, the price where bulls managed to reverse the price on March 28th. If bears break the wall of buyers at $427.8, Binance Coin could test $412.2 in the short term. 

Related: Binance Coin (BNB) Price Predictions 

XRP/USD

Ripple's (XRP) had a mixed day on March 28th. It started the day bullish but bears sharply reversed the trend after hitting a high of $0.9304. However, bulls were able to fight back at $0.8530 on the 50-day MA and change course. XRP continues in the uptrend that started in late March 28th, but bears are fighting hard at $0.8815 on the 20-day MA. 

XRP/USD daily chart. Source: TradingView

If bulls can gain momentum and push through the wall of short-sellers at $0.8815 on the 20-day MA, they can expect bears to push back harder at $0.9304. That's the highest price that XRP hit on March 28th. If bulls can break the wall of short-sellers at $0.9304, XRP could test $1 in the short term. 

However, if bears take control at $0.8815 on the 20-day MA, they can expect bulls to put up an even bigger fight at $0.8641 on the 50-day MA. If bears break the wall of buyers at $0.8641, XRP could test $0.8329 in the short term. 

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) was bullish for most of March 28th but had a minor correction towards the end of the day. However, bulls fought back hard and reversed the trend at $1.169 at the 50-day MA. The upside momentum continues on March 29th, and bulls have managed to break through a wall of short-sellers at $1.211 on the 20-day MA. However, volumes are low, and bears are pushing hard to reverse the trend.  

ADA/USD daily chart. Source: TradingView

If bulls can sustain momentum above the 20-day MA at $1.211, they can expect bears to fight hard at $1.240, the price where bulls lost control on March 28th. If bulls can break the wall of short-sellers at $1.240, ADA could easily test $1.5 in the short term. 

However, if bears take control and push the price through the 20-day MA at $1.211, they can expect bulls to put up an even bigger fight at $1.170 on the 50-day MA. If bears break the wall of buyers at $1.170, Cardano could test $1.109 in the short term. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) had a mixed day on March 28th. AVAX started the day bullish, but it turned sharply bearish after hitting a high of $96.24. However, bulls were able to fight back at $89.07 on the 50-day MA and reverse course. Avalanche continues in the uptrend that started in late March 28th, but bears are fighting hard at $94.70. 

AVAX/USD daily chart. Source: TradingView

If bulls can gain momentum and push through the wall of short-sellers at $94.70, they can expect bears to push back harder at $96.20. That's the highest price that Avalanche hit on March 28th. If bulls can break the wall of short-sellers at $96.20, AVAX could test $100 in the short term. 

However, if bears take control and push the price through the 20-day MA at $93.13, they can expect bulls to put up an even bigger fight at $89.61 on the 50-day MA. If bears break the wall of buyers at $89.61, AVAX could test $84.49 in the short term. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) was strongly bullish on March 28th. All through the day, LUNA was making higher lows along the 20-day MA, an indicator of rising buying momentum. The same trend continues on March 29th, though bears are fighting back hard at $104.71.

LUNA/USD daily chart. Source: TradingView

If bulls can break the wall of short-sellers at $104.71, LUNA could easily test prices above $130 in the short term. 

On the other hand, if short-sellers take control, they can expect bulls to put up a fight at $97.09 on the 20-day MA. If bears can break the wall of short-sellers at $97.09, LUNA could test $92.13 on the 100-day MA in the short term. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) was bullish for most of March 28th but had a minor correction towards the end of the day. However, bulls managed to fight back and reverse the trend at $0.1424, just below the 50-day MA. The upside momentum continues on March 29th, and Doge is trending up along the 50-day MA. 

DOGE/USD daily chart. Source: TradingView

If bulls can sustain momentum above the 50-day MA, they can expect bears to fight hard at $0.1480 on the 20-day MA. If bulls can break the wall of short-sellers at $1480, DOGE could easily test $1.5 in the short term. 

However, if bears take control and push the price through the 50-day MA at $0.1448, they can expect bulls to put up an even bigger fight at $0.1366, the price where bulls took control and reversed course on March 27th. If bears break the wall of buyers at $0.1366, DOGE could test $0.1326 in the short term.

Related: Dogecoin (DOGE) Price Predictions 

SHIB/USD

Shiba Inu (SHIB) had a mixed day on March 28th. It started the day bullish, but it turned sharply bearish after hitting a high of $0.00002966. However, bulls were able to fight back at $0.00002608, just above the 50-day MA, and end the correction. Shiba Inu continues in the uptrend that started in late March 28th, but bears are fighting hard at $0.00002775 on the 20-day MA. 

SHIB/USD daily chart. Source: TradingView

If bulls can sustain momentum above the 20-day MA at $0.00002775, they can expect bears to fight hard at $0.00002904, the price where bulls lost control on March 28th. If bulls can break the wall of short-sellers at $0.00002904, SHIB could easily test $0.00003041 in the short term. 

However, if bears take control and push the price through the 20-day MA at $0.00002775, they can expect bulls to put up an even bigger fight at $0.00002630 on the 50-day MA. If bears break the wall of buyers at $0.00002630, SHIB could test $0.00002440 in the short term. 

Related: Shiba Inu (SHIB) Price Predictions