Price Analysis 3/31: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, DOGE, ADA, TON

Bitcoin (BTC) fell 4.29% last week, but the Bulls delayed the price to above $83,500 on March 31 and began recovering. However, traders may remain marginal until April 2, when new U.S. trade tariffs will be launched. This event may trigger a sharp, knee-knee response on both sides of the market.

Traders remain cautious in the short term, but the smaller positives are the lower levels attract buyers. See Cryptocurrency Exchange Products (ETP) $226 million inflow last weekCoinshares reported on March 31.

Strategy utilizes callbacks in Bitcoin Increased 22,048 bitcoin at $1.92 billion The average price is $86,969. After the latest purchase, the company holds 528,185 bitcoins, with a price of approximately $35.63 billion.

Can Bitcoin break down on rigid elevated resistance and increase the selected altcoins? Let’s analyze the charts to find out.

S&P 500 Index Analysis

The S&P 500 (SPX) broke the 20-day exponential moving average (5,706) above March 24, but it turned out to be a bull trap.

Prices dropped sharply on March 26 and broke with 5,600 support. Both moving averages are tilted, and the relative intensity index (RSI) is in the negative zone, which is good for the seller. There is solid support of 5,500, but if the horizontal breaks down, the index may drop to 5,400 and then drop to 5,100.

If the price appears from the current level and exceeds 5,800 or above, this negative view will be invalid. Such a move suggests that the index may bottom out in the near term.

USD Index Price Analysis

The dollar index (DXY) traded below the 20-day EMA (104.46), indicating that sentiment remains negative.

The Bears will try to sink the index to 103.37, which is a key level to be noted. Buyers are expected to do their best to defend the 103.37 level, as the index may drop to 101 if their efforts fail.

Instead, the breakout above the 20-day EMA ended, which shows that the Bulls are trying to make a comeback. The index may rise to 105.42 before reaching a simple 50-day moving average (106.09).

Bitcoin Price Analysis

Bitcoin is still under pressure as the bear tries to lower the price to $80,000. The secondary positive factor in favor of the Bulls was their attempt to arrest the rate of decline at $81,100.

The Bulls will try to push the price toward the resistance line, which will likely attract strong sales from the Bears. If the price drops from the resistor line, the probability of breaking below $80,000 will increase. The BTC/USDT pair could fall to $76,606 and eventually drop to $73,777.

Instead, breaking and closing above the resistor line indicates that the bear is losing grip. The two could gain momentum at more than $89,000 and rise to $95,000.

Ether price analysis

Ether (Ethereth) Having reached important support for $1,754, the Bulls tried to start a relief rally.

The Bears will try to stop recovery attempts at the 20-day EMA ($1,980). If the price drops sharply from the 20-day EMA, the possibility of a break will be reduced to below $1,754. This could reduce the ETH/USDT pair to $1,550.

The first sign of strength will be a breakout and exceed the $2,111 breakdown level. The two will then complete a bullish double bottom pattern with a target of $2,468.

XRP Price Analysis

xrp(XRP) has fallen to key $2 support, which is likely to attract solid buys from the Bulls.

Any rebound is expected to face moving average sales. If the price drops from the moving average, the risk of rest time is increased to below $2. If this happens, the XRP/USDT pair will complete the bearish head and off-shoulder pattern. There is a minor support of $1.77, but if the level is removed, the two may collapse to $1.27.

The bull’s time runs out. If they want to prevent disadvantages, they will have to push prices above the moving average quickly. Then, the two can go to the resistor wire.

BNB price analysis

BNB’s (BNB) The narrow range is within the narrow range of March 29 and below the moving average on March 29.

BNB/USDT supports $591 with a Fibonacci retracement level of 38.2%, then at a 50% retracement level of $575. If the price rebounds, the Bulls will try to push the couple above the moving average and on the $644 resistor. If they manage to do so, the two could rise to $686.

Instead, rest time is below $575, which can place this pair at a 61.8% retracement level of $559. A deeper callback may delay the next item that moves up and down.

Solana price analysis

Solana (sol) is looking for support close to $120, which shows that buyers are defending that level.

The first sign of strength will be rest time and approaching above a 20-day EMA ($133). This opens the door for a 50-day SMA ($148), which could once again act as a stiff resistance. However, if the buyer pierces the resistance, the Sol/USDT pair may gather to $180.

If sellers want to strengthen their position, they will have to raise the price to the support zone of $120 to $110. If they manage to do so, the two may start to rise to $80 on the lower tier of the next downtrend.

Related: XRP Bulls in “Denied”, price trend reflects the previous piece 75-90% crash

Dogecoin price analysis

Dogecoin(Doge) Attempts to get support with $0.16, but the weaker rebound suggests that the Bulls are underrepresented.

The Doge/USDT pair may lag behind $0.14 and buyers are expected to step in. The expected selling price at the moving average is $0.14. If the price drops from the moving average, it will increase the rest time below $0.14. If this happens, two people may drop to $0.10.

Buyers will have to push the price above $0.20 to show that the two may have formed the floor for $0.14. Then, the two can go up to $0.24.

Cardano Price Analysis

cardano(Aida) has slipped to the ascending line, which is an important recent support to note.

Reduced 20-day EMA ($0.71) and negative zone RSI mark a slight advantage for the bears. Close distance below the ascending line may start moving downwards of $0.50.

On the other hand, a rebound in the uptrend line can push the ADA/USDT pair toward the moving average. After the buyer pushes and keeps the price above the 50-day SMA ($0.75), they will regain control.

Ton-coin price analysis

Tons of coins (ton) was squeezed between 20-day EMA ($3.63) and extra resistance for $4.14.

The 20-day EMA and RSI rise in positive areas, which indicates that the path with least resistance is upward. If the buyer’s price goes up at $4.14, the Ton/USDT pair could bring momentum and then climb to $5 before climbing to $5.65.

If the price drops from overhead resistance and breaks through the 50-day SMA ($3.46), this positive view will be invalid in the short term. This could make this pair $3.30 and then drop to $2.81 at $2.81.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.

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