Price assessment 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

Bitcoin (Btc) The bulls tried to push the price above $ 85,000, but the bears would be held. A minor positive is that the larger investor seems to have accumulated at a lower level.

Firm Firm Santiment said in an X post with the Dompets with 10 BTC or more Bought about 5,000 bitcoin Since March 3. Researchers have added that if the purchase of large players continues, the second half of March could be better than the recent bitcoin performance.

However, not all are bullish in Bitcoin in the near term. BitMex’s co-founder and Maelthur Hayes investment official said in an X post that Bitcoin could retest $ 78,000 and even below $ 75,000.

He added that Bitcoin price action can be violent If it drops to the $ 70,000 to $ 75,000 zone because there is a lot of bitcoin interests open to that range.

Meanwhile, the investor’s short -term sentiment remains bearish. According to coinshares data, the products exchanged by cryptocurrency exchange (ETP) have been witnessed $ 876 million in last week’s flowersIt took a four-week total outflow to $ 4.75 billion. Bitcoin ETP recorded part of lion’s flows for $ 756 million.

Can Bitcoin start a recovery from current levels, pulling altcoins higher? Let’s review the charts to find out.

S&P 500 Index Evaluation Price

The S&P 500 index (SPX) dropped from the 20-day exponential transfer of average (5,900) on March 3 and broke below 5,773 support on March 6, completing a pattern of double top.

The index was able to bounce from 5,670 levels on March 7, but the Bears successfully defended the 5,773 destruction level. The index turned and destroyed under 5,670 supports on March 10, opening doors for a fall to 5,400.

Consumers need to push and maintain the price above 5,773 to suggest solid demand at a lower level. The index can rise to 20-day EMA, which is expected to act again as a strong resistance.

US Dollar Price Price Evaluation

The US Dollar Index (DXY) collapsed sharply on March 3 and continued lower, falling below the support of 105.42 on March 5.

The fall below 105.42 suggests that the breakout above 108 can be a bull trap. Consumers are trying to defend the level of 103.73, but the rally is expected to deal with the sale in 20-day EMA (106.03).

If the price drops from the current level or in the 20-day EMA, it will suggest negative emotions. This increases the risk of a break below 103.37. If that happens, the index can plunge at 101.

Consumers have a raised task ahead of them. They need to push and maintain the price above the 20-day EMA to clean the path for a rally up to 108.

Bitcoin price analysis

The BTC price broke below the symmetrical pattern support line on the triangle pattern on March 9, indicating that the seller had greatly strengthened consumers.

The Bulls are trying to defend the $ 81,500 to $ 78,258 zone support, but the recovery attempt faces sale at the breakdown level March 10. suggesting that the Bears are trying to flip the resistance support line. If the price of skids below $ 78,258, the BTC/USDT pair could fall to $ 73,777.

Buyers are likely to have other plans. They will try to defend the zone support and push the price above the 20-day EMA ($ 88,605). If they manage to do that, the pair can rally at the resistance line.

Ether price analysis

Ether (Eth) fell and closed under important $ 2,111 support on March 9, signed the start of the next downtrend leg.

Consumers tried to push the price above $ 2,111 on March 10, but the long wick on the candle suggests a solid sale of bear. There is a minor support for $ 1,993, but if the cracks level, the ETH/USDT pair can sink to $ 1,750 and ultimately $ 1,550.

Related: Ethereum price below? $ 1.8B on ETH leaves exchanging, largest flowing since 2022

Bulls need to push and maintain the price above the 20-day EMA ($ 2,329) to signal that the rest below $ 2,111 can be a bear trap. The pair can rally in 50-day SMA ($ 2,711).

XRP price evaluation

XRP (XRP) continues to slip toward important support to $ 2, suggesting that the bears are trying to occupy control.

A break and close to the bottom $ 2 will complete a head-and-shoulders pattern. There is a minor support for $ 1.77, but the level is likely to break. If that happens, the XRP/USDT pair can plunge towards $ 1.28.

Related: Will the price of XRP be crashed?

Contrary to this assumption, a solid bounce off $ 2 will signal that the bulls are diligently defending this level. The 20-day EMA ($ 2.40) is likely to act as a tough drawback, but if the bulls prevail, the pair can reach $ 2.80.

BNB price analysis

Bnb’s (Bnb) Failure to rise above the 20-day EMA ($ 601) attracts another sale rotation on March 9, pulling the price below $ 546.

The down-sloping moving averages and the relative power index (RSI) In the negative zone suggests that the path of at least resistance is on the downside. If the price retains below $ 546, the BNB/USDT pair may fall to $ 500. It is expected that consumers will be aggressively defending the zone between $ 500 and $ 460.

The 20-day EMA is the first significant resistance to guard upside down. If this level is available, the pair may increase to 50-day SMA ($ 633). A near above 50-day SMA signed a short-term change in trend.

Solana’s price assessment

Solana (Sol) damaged under the Uptrend line on March 9 and reached strong zone support between $ 120 and $ 110.

The bulls are expected to defend the zone support, but the rally can face the sale in 20-day EMA ($ 150). If the price drops sharply from the 20-day EMA, the level of $ 110 is at risk of breakdown. If that happens, the SOL/USDT pair can drop to $ 100 and later to $ 80.

Instead, if the price rises from the current level and breaks above the 20-day EMA, it will suggest a solid purchase near the support zone. The pair can climb to 50-day SMA ($ 188).

Dogecoin Price assessment

Dogecoin (Doge) fell below $ 0.18 support on March 9, indicating the continuation of the downtrend.

Down-sloping moving averages and the RSI in oversold territory suggest that the bear has the upper hand. The 20-day EMA ($ 0.21) is the critical resistance to overhead to guard. If the price drops sharply from the 20-day EMA, the Doge/USDT pair can sink to $ 0.14.

Alternatively, a break and close to the top of the 20-day EMA will be the first sign that reduces the sale pressure. The pair can climb 50-day SMA ($ 0.26), which can also act as a tough resistance.

Cardano’s price assessment

Cardano (Ada) fell below the moving averages on March 8, indicating the aggressive sale of bear.

Both moving averages began to turn away, and the RSI slipped into the negative territory, indicating that the bears had a slight edge. Downside support is at $ 0.58 and then $ 0.50.

Any relief rally is likely to deal with the sale on moving averages. Consumers need to push and maintain the price above the moving averages to signal a comeback. The ADA/USDT pair can rise towards $ 1.02.

PI price analysis

PI (PI) fell to 61.8% of Fibonacci’s 61.8% level of $ 1.20 on March 9, indicating that the bears were maintaining pressure.

Consumers are trying to start a recovery, but the long wick on the March 10 candle shows the sale at a higher level. This increases the risk of a break below $ 1.20. If that happens, the PI/USDT pair can take a 78.6% reef level of $ 0.72.

Time is running out for bulls. To avoid more downside, they need to quickly push the price above the $ 2 overhead resist. If they do that, it suggests that the correction may be completed.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.

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