Price analysis 3/20: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON

) nosedived below the $61,000 level on March 19, signaling an urgency by select traders to exit their positions. According to data from investment firm Farside, the recent fall has led toIf the Bitcoin ETF investments fail to pick up, another round of selling cannot be ruled out, but a fall does not mean the bull market is over. Capriole Fund founder Charles Edwards said in a X post that it’s “normal” for volatility to pick up one month “either side of the Bitcoin Halving.

A break below the 50-day SMA will suggest that the bulls are dumping their positions in a hurry. That could sink the pair to $2,717. Alternatively, a break and close above the 20-day EMA will signal that the bulls are back in the game.The bulls are trying to stop the fall at the 20-day EMA, which is a positive sign. The BNB/USDT pair could rally to $590, where the bulls and the bears are likely to witness a tough battle.

On the other hand, a shallow bounce will suggest a lack of aggressive buying at the current levels. If the price slips below the 20-day EMA, the selling could accelerate, and the pair may drop to the 50-day SMA .) has been trading inside a large range between $0.46 and $0.74 for several months. Trading inside a range can be volatile and random.The XRP/USDT pair is trying to take support at the uptrend line, but the relief rally is likely to face selling at the 20-day EMA.

The 20-day EMA has started to turn down, and the RSI is just below the midpoint, suggesting that bears have a slight edge. The bulls will be back in command on a break above $0.16. That could clear the path for a rally to $0.19.) March 18 candlestick shows profit booking at higher levels. The selling picked up, and the price reached the breakout level of $50 on March 20.Buyers will try to flip the $50 level into support. If they succeed, the AVAX/USDT pair could again rise toward $65.

Source: Digital Coin News (digitalcoinnews.net)

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