The last day of March started with no vigorous bullish or bearish signals as some coins are in the red zone while others remain in the green.
Top 10 Coins from CoinMarketCap
BTC / USD
Yesterday morning, weak support around USD 57,100 halted Bitcoin (BTC) price decline and the bulls continued their attempts to break the USD 58,000 resistance. In the first half of the day, the price rallied to and consolidated above this key level. During the day, the bulls increased the onslaught, setting the daily maximum at around $ 59,380. At the end of the day, trading volume fell and the pair found support around the $ 58,400 level and consolidated sideways through the morning.
TradingView’s BTC / USD chart
Judging from the brief retreat, the bulls intend to continue the pair’s rebound to around the monthly highs today. However, as of last week, recovery has not been supported by large volumes. If this trend continues on the last day of the month, the bulls will have no time to hit the March high.
Another obstacle on the path to renewing the high is the $ 60,000 psychological resistance. The pair has already turned this level into a fairly deep retracement several times. There is no firm belief that bulls today will be able to break the bears’ defenses and gain a foothold in the max zone.
At the same time, a fairly strong uptrend from a large buyer can break the USD 60,000 psychological level and renew the absolute maximum in the USD 62,100 area in early April.
Bitcoin is trading at $ 57,800 at press time.
ETH / USD
Yesterday morning the sales volumes were rather small, so the drop in the price of ether was not deep. Buyers found support around the POC line and tried to restore the price to the top of the channel.
TradingView’s ETH / USD chart
At the end of the day, the pair was able to test the resistance at USD 1,860, which held the price of Ethereum (ETH) sideways until this morning. If bulls are able to add buying volume, they would update March high around the $ 1,950 mark today. If the top of the channel keeps the pair in a sideways range, the price will reset to the two hour EMA55.
Ethereum is trading at $ 1,805 at press time.
XRP / USD
Yesterday, the XRP price failed to break the $ 0.580 level and returned to the $ 0.560 level at the end of the day. The pair’s lack of strong recovery momentum above the USD 0.60 resistance could trigger a retreat below the two-hour EMA55.
TradingView’s XRP / USD chart
Strengthening the position of sellers in the marketplace can result in prices falling below the psychological mark of $ 0.50.
XRP is trading at $ 0.5458 at press time.
BNB / USD
Binance Coin (BNB) is the coin that is growing the most today. The domestic change coin has not fallen as much after a sharp drop in the market.
TradingView’s BNB / USD chart
Despite the decline, Binance Coin (BNB) is still on the uptrend. The bearish scenario will be relevant when bears are below $ 295 on the daily chart. However, the current value is likely to be considered the largest of the mirror plane. All in all, there’s a chance BNB will see around $ 350 soon.
The NBB is trading at USD 297 at the time of going to press.
UNI / USD
Meanwhile, Uniswap (UNI) is the biggest loser today as its rate fell by almost 3% on the last day.
UNI / USD chart from TradingView
From a technical point of view, Uniswap (UNI) is staying in the same place as it was a few days ago. The asset is in the accumulated phase, meaning that further growth becomes relevant when bulls peg above $ 33.50.
UNI is trading at $ 27.7 at the time of going to press.
DOT / USD
Polkadot (DOT) is another so-called gainer, as the rate of the Defi-Token has not decreased as with the other Altcoins. Additionally, the altcoin has seen a 1% increase in the past 24 hours.
TradingView’s DOT / USD chart
Polkadot (DOT) shows a much larger correction than the other coins after today’s dump. Sales volume remains low and the lines of the MACD indicator are close to entering the green zone, confirming the continued upward force and the potential to retest the high at $ 42.
DOT is trading at $ 36 at press time.
ADA / USD
Cardano (ADA) is the second biggest loser today. The coin rate has dropped 2% since yesterday.
TradingView’s ADA / USD chart
In the daily timeframe, Cardano (ADA) acts similarly to UNI, as neither bulls nor bears are currently dominant. In this regard, the increase is possible if ADA sets above $ 1.40.
ADA is trading at $ 1.18 at press time.