Bitcoin (BTC) has raised to 2.39% of its market capitalization in the last 24-hour period. Cryptocurrency again showcased its high volatility factor, and Bitcoin outgrew its dominance over the cryptocurrency market. Altcoins are also rising and showing green signals of hope to their respective investors.
The cryptocurrency market is up as Bitcoin has maintained to rest above the $40,000 psychological barrier mark. At the time of writing, BTC stands still and rigid at $41,791 as BTC investors successfully keep the crypto asset above the bullish barrier. This week has been consolidating for Bitcoin as BTC struggled to break out of the $40,000 bullish barrier, and now it has sustained successfully.
Moving on to the cryptocurrency market performance chart by coin360.com. The chart showcases positive signs to cryptocurrency investors as the whole cryptocurrency market is rising with some great hopes to investors.
The above heat map also shows the market dominance of Bitcoin, which is 41.67% upon the whole cryptocurrency market. The positive dominance can be observed as the entire cryptocurrency market is rising from its ashes and generating hopes for investors to book as much profit as possible.
In this article, you will be acknowledged about the technical analysis of different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and their price prediction.
BTC/USD Chart Analysis
Bitcoin (BTC) price has successfully escaped from the symmetrical triangle pattern over the daily chart. Bitcoin investors successfully sustained at the threshold of the symmetrical triangle in yesterday’s trading session. Bulls need to maintain this pace throughout the intraday trading session.
Bitcoin price is presently CMP at $41,800 and has gained more than 2.00% of its market capitalization in the last 24-hour period. The trading volume increased by 21.98% in the intraday trading session. Bitcoin crypto investors were trying to get involved in the trade to sustain at above the $40,000 mark and accomplished so. BTC has successfully made out of the symmetrical triangle pattern over the daily chart.
The volume to market cap ratio is 0.03977. Bitcoin price has successfully recovered above 20 and 50 SMA and aims for the remaining 100 and 200-days Daily Moving Average. We predict that BTC investors may witness a hike above the $45,000 primary resistance level if bulls continuously relieve the pressure by rigorous buying in the intraday trading session.
It is a matter of time to see if BTC can break out of $42,000 during the intraday trading session. Meanwhile, the highest and lowest hits by BTC in the last 24-hour period are $42,035 and $41,534. BTC has done it in prior trading sessions to sustain at the higher levels and never misses a single chance to amaze crypto investors.
ETH/USD Chart Analysis
Ethereum (ETH) coin, which stands at the 2nd position after BTC in the cryptocurrency market, is said to be a look-alike of BTC as it resembles the exact chart patterns most of the time. Meanwhile, the ETH coin has also successfully escaped out of the symmetrical triangle pattern with a strong uptrend in the form of a bullish rally over the daily chart. However, ETH is facing short selling in today’s session, and bulls need to sustain above the ground.
ETH Coin is presently CMP at $2931 and has gained 4.86% of its market capitalization in the last 24-hour period. The trading volume increased by 20.80% in the intraday trading session. However, ETH can struggle for stability above the symmetrical triangle pattern. This can be proved as the highest and lowest hits by ETH coin are $2978 and $2928 in the last 24-hour period.
The volume to market cap ratio is 0.04392. ETH Coin struggles to gather buyers at the moment as it gradually stops gaining force and starts experiencing slight short selling. ETH Coin needs to attract more buyers; otherwise, it may be stuck in a short-sellers trap. Volume change can be seen below average and needs to grow for ETH to maintain its current level. ETH stands above 20 and 50 SMA while trying to reach the 100 and 200-days Daily Moving Average. ETH investors need to wait for any directional change over the daily chart.
XRP/USD Chart Analysis
XRP Coin price has been trading inside a horizontal channel for the past few trading sessions. XRP coin is trying to escape the consolidation phase as it’s bullish and escaping from the horizontal range-bound area. XRP has stuck consolidating in the range of $0.67 and $0.84. However, XRP managed to attract more buyers after the news of the ongoing lawsuit against SEC came somewhat in XRP’s favor.
XRP is presently CMP at $0.81 and has gained 3.22% of its market capitalization in the last 24-hour period. The trading volume has increased by 14.16% in the intraday trading session. XRP coin is all set to move out of the consolidation phase and ready for a strong bullish rally for the break-out.
The volume to market cap ratio is 0.05106. XRP coin investors have been waiting for the required directional change over the daily chart. Volume change over the chart can be seen below average and needs to grow, which signifies that XRP needs to attract more buyers in the intraday trading session.
LUNA/USD Chart Analysis
Terra (LUNA) coin price has a sharp V-shaped recovery over the daily chart. LUNA coin investors witnessed a remarkable comeback with a strong bullish reversal from the $82.6 demand zone. However, LUNA is experiencing short-selling for the moment over the daily chart and trying to persist. LUNA needs to maintain the bullish momentum to maintain the bullish reversal upto a respectable resistance level.
LUNA coin is presently CMP at $88.17 and has gained 3.11% of its market capitalization in the last 24-hour period. On the other hand, trading volume has significantly increased by 35.04% in the intraday trading session. LUNA investors need to wait for any directional change over the daily chart.
The volume to market cap ratio is 0.07677. LUNA coin investors need to sustain at the higher level as currently, the token is falling again from the resistance level of $89. Volume change over the daily chart is below average and needs to grow for LUNA to escape the short-sellers clutch. LUNA investors had to prevent the token from falling again and try to regain its stability.
SOL/USD by TradingView
Solana (SOL) coin price is trading on the verge of a downward sloping line. Bulls tried to sustain at the neckline, but they had to try way hard to let SOL escape from the downward sloping line. SOL coin has been utterly bullish over the daily chart from the past few trading sessions. However, today SOL is experiencing slight selling over the daily chart.
SOL is presently CMP at $89.40 and has gained 4.07% of its market capitalization in the last 24-hour period. However, trading volume has declined below 0.50% in the intraday trading session. SOL needs to attract more buyers to escape the downward sloping line and continue the bullish rally over the daily chart.
The volume to market cap ratio is 0.08956. The SOL coin has recovered above 20 SMA and needs to break out of the downward sloping line to reach 50, 100, and 200-days Daily Moving Average. SOL investors need to wait for any directional change over the daily chart. Bulls have to come to the rescue of the token as bears trying to tighten their grip over the crypto asset.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/03/19/price-prediction-19-03-bitcoin-btc-ethereum-eth-ripple-xrp-terra-luna-solana-sol/