DAILY CRYPTO MARKET ANALYSIS
March 31/3/2022
ADA/USD
From the 1-hour chart, Cardano's bullish price action went on a pause as the market tends to neutralize the overbought conditions that have taken place so far in the prior session. However, if the price of the asset should plunge below $1.12, then near-term support will be met at $1.03. On the other hand, if ADA/USD market should regain bullish strength, hence $1.64 will be the next bullish price target for the digital asset.
BTC/USD
Across the hourly chart, Bitcoin price action plunged to the south as the market encountered bullish price rejection above $48157 resistance. In essence, if the price of Bitcoin should plunge further the value of the asset will hit immediate support at $42K.
ETH/USD
As the market approached a new bullish price target at $3760 yet the price movement of the asset remain calm after the market volatility was assumed to have shrunk.
LINK/USD
As seen on the hourly chart the overall price action of LINK/USD trades above the 200 MA and the 50 MA. With this being a good indicator of bullish market sentiment. However, market participants must be aware that $19 is the near-term resistance which means the price could start falling back if there is a presence of price rejection above $19.
LTC/USD
Across the hourly chart, LTC/USD price fell sharply following the rejection of price above $135. In addition, the overall price movement of the asset will resume bearish movement to the south as $118.24 is open to support a new bearish market movement.
SHIB/USD
From the hourly chart, the price action of SHIB/USD pose a bearish market sentiment. But if the demand for SHIB INU should outweigh its supply, the value of the meme coin will hit a new price target of $0.00002653.
XLM/USD
Across the hourly chart, XLM/USD trade with bullish price action as the value of the asset aim to hit immediate resistance at 0.2 cents. Perhaps if the market should maintain this positive price action beyond the predicted price point, therefore the value of stellar would resume bullish trend to the north.
#The_Excel_Entrepreneur #Tobforex #Cryptocurrency #BITCOIN #Cardano #litecoin
March 31/3/2022
ADA/USD
From the 1-hour chart, Cardano's bullish price action went on a pause as the market tends to neutralize the overbought conditions that have taken place so far in the prior session. However, if the price of the asset should plunge below $1.12, then near-term support will be met at $1.03. On the other hand, if ADA/USD market should regain bullish strength, hence $1.64 will be the next bullish price target for the digital asset.
BTC/USD
Across the hourly chart, Bitcoin price action plunged to the south as the market encountered bullish price rejection above $48157 resistance. In essence, if the price of Bitcoin should plunge further the value of the asset will hit immediate support at $42K.
ETH/USD
As the market approached a new bullish price target at $3760 yet the price movement of the asset remain calm after the market volatility was assumed to have shrunk.
LINK/USD
As seen on the hourly chart the overall price action of LINK/USD trades above the 200 MA and the 50 MA. With this being a good indicator of bullish market sentiment. However, market participants must be aware that $19 is the near-term resistance which means the price could start falling back if there is a presence of price rejection above $19.
LTC/USD
Across the hourly chart, LTC/USD price fell sharply following the rejection of price above $135. In addition, the overall price movement of the asset will resume bearish movement to the south as $118.24 is open to support a new bearish market movement.
SHIB/USD
From the hourly chart, the price action of SHIB/USD pose a bearish market sentiment. But if the demand for SHIB INU should outweigh its supply, the value of the meme coin will hit a new price target of $0.00002653.
XLM/USD
Across the hourly chart, XLM/USD trade with bullish price action as the value of the asset aim to hit immediate resistance at 0.2 cents. Perhaps if the market should maintain this positive price action beyond the predicted price point, therefore the value of stellar would resume bullish trend to the north.
#The_Excel_Entrepreneur #Tobforex #Cryptocurrency #BITCOIN #Cardano #litecoin
