These Levels Next Week! – Cryptokoin.com

Weekly crypto price analysis reveals that most of the coins are trading in a neutral trend with bulls and bears being equally active in the market. On March 24, tensions over the potential resurgence of a banking crisis plunged European markets into an unsettling decline. While the banking crisis has been positive for Bitcoin’s price, crypto prices are still trading in range-bound areas. So, what is expected next week for Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), XRP, BNB, Cardano (ADA) and Solana (SOL)? Here are the developments according to analyst Ann Mugoiri…

What’s next for Bitcoin (BTC)?

On March 23, Bitcoin formed an intraday candlestick pattern, indicating that buyers and sellers were in a state of uncertainty. Bitcoin price is trading between $26,787 and $28,755 with both buyers and sellers active. BTC/USD is currently trading at $27,556, down 1.05 percent in the last 24 hours. Technical indicators for BTC/USD show that there is more room for the cryptocurrency to rise in the short term. The RSI is trading near the 63.53 level and the MACD turned bearish today after staying in the bullish zone for a while.

Significant levels are on the horizon for ETH, the largest coin after Bitcoin (BTC)

Ethereum successfully broke the 1,700 level in the past few days and is now trading at $1,739, down 0.97 percent in the last 24 hours. ETH/USD has been consolidating in its range since the start of the week and if it can break above the 1,900 level, it will likely go higher. Ethereum’s market cap is currently around $213 billion, with a 24-hour trading volume of $8.84 billion. Technical indicators for ETH/USD show that the market and sellers are in control today, after a brief bullish momentum. The RSI and MACD are bearish while the stochastic oscillator is in neutral.

XRP is choppy

Ripple managed to stay a little more volatile as it rose against the dollar and has surpassed $0.40 in the past few days. XRP/USD is currently trading at $0.444, up 3.78% in the last 24 hours and about 8 percent in the last week. The technical indicators for XRP/USD are mixed as the RSI and stochastic oscillator are bullish while the MACD is bearish. A break above the $0.45 level might trigger more buying and XRP/USD could resume its bullish momentum towards the $0.50 mark in the near future and drop back towards the $0.40 mark if the bears gain the upper hand.

Next up for Binance’s coin BNB

According to weekly crypto price analysis, Binance Coin is trading in neutral range with bullish and bearish corrections occurring simultaneously. Today’s BNB/USD pair is trading at $317.73, with a small gain of 0.02% over the past 24 hours. The coin has also lost more than 5.73% in the past seven days. Looking at the technical indicators, the RSI (Relative Strength Index) is currently trading near the 55.14 levels, while the MACD crosses the zero line and shows a bullish trend.

On the upside, buyers will look to break the $324.18 resistance level, while on the downside, they will aim to defend the support near $317.78. If the bulls manage to break this resistance and maintain their momentum, we could see BNB/USD testing its all-time high of $389.39.

No clear direction for Cardano (ADA)

The analyst’s weekly crypto price analysis reveals that Cardano has been in a tight range for the past few days, swinging between $0.3328 – $0.3868 with no clear direction in sight yet. Today’s ADA/USD pair is currently trading at $0.3587, with minor losses of 1.17% over the past 24 hours and an overall gain of 0.66% over the past week. The technical indicators for ADA/USD are bearish as the MACD is currently bearish and the RSI is trading near the 45.45 levels.

On the support side, buyers will want to defend the $0.357 level on the upside, they must surpass the $0.3643 resistance for further upside momentum. If the bulls succeed, we could see ADA/USD trading in the $0.36-0.38 range again in a few days. The 50-day moving average is still bearish.

Solana (SOL) has also been fluctuating lately

Solana has been quite volatile for the past few days as it is trading between $20.44 – $23.58 and today’s SOL/USD pair is trading at $20.68, down 0.91 percent in the last 24 hours and down 7.53 percent over the past week. On the upside, buyers will consider crossing $21.69 for more bullish momentum, while on the downside they will aim to hold $20.36 as a major support.

If the bulls manage to break the resistance and maintain their momentum, we could see the SOL/USD pair briefly test its all-time high at $24.64. Technical indicators for SOL/USD are in mixed territory and the MACD is bearish while the RSI is neutral. The 50-day moving average is bearish.

The last coin on the list in BTC and altcoin analysis: SHIB

Finally, Shiba Inu (SHIB) comments by another analyst, John Isige, drew attention. Shiba Inu price remained relatively stable with buyers crunch at $0.00001. Over the past 30 days, SHIB has lost 19 percent of its value, trading at $0.00001061 at the time of this writing. How the Shiba Inu price has reacted to the uncertainties in the global market this week has generally determined two critical levels. These were short-term resistance at $0.00001 and support at 0.00001.

BTC, SHIB, ETH, XRP, BNB, ADA, SOL: These Levels Next Week!

The bulls were relieved when the Shiba Inu stopped the downtrend at $0.0000157, the new high of 2023, in early February. This allowed SHIB to take advantage of this level of liquidity and recover in the second week of March. However, another minor correction followed and SHIB was left with no choice but to pull back and retest $0.00001. Now, the bulls and bears are in a fierce tug-of-war, and neither is willing to give up.

BTC, SHIB, ETH, XRP, BNB, ADA, SOL: These Levels Next Week!

Profit reserve could be phased out as investors exit the 200-day EMA ($0.000012) before activating new orders for $0.000014 and $0.000015, respectively, to manage risk. Close observation of the MACD indicator reveals that the buyers currently have the upper hand. For day traders, a break above $0.00001062 could attract more buyers. On the other hand, the analyst expects the weekly opening price to be around $0.00001092.

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