Bitcoin, ETH, XRP, Sol, ADA charts compared to US Crypto Reserve Rumors – which one to trade?

The cryptocurrency community is diligently awaiting the first White House Crypto Summit on March 7, expected to provide more details to Plan announced by Crypto Reserve By US President Donald Trump on March 2.

Although the initial announcement includes Bitcoin (Btc), Ether (Eth), XRP (XRP), Solana (Sol), and Cardano (Ada), many critics have fallen into the idea of ​​adding centralized altcoins alongside Bitcoin to the reserve. US Secretary of Commerce Howard Lutnick has made it clear in an interview with Pavlovic today that Bitcoin is likely to have a special status In the country’s crypto reserve.

Bitwise chief investment officer Matt Hougan said in a March 5 market note that the US Crypto reserve “is almost completely bitcoin, and it is bigger than people think.” He added that Similar announcements to other countries It is likely to follow a US crypto reserve.

The cryptocurrencies suggested to be included in the crypto reserve moved forward after the announcement but then returned a large portion of their acquisitions. Their weekly chart was evaluated to avoid close noise. This will help understand the levels at which a trending move begins.

Bitcoin price analysis

The price of Bitcoin has bouncing from recent sale-off, and a positive sign has not allowed the bulls to close the price below the 20-week exponential transfer of average ($ 90,664). It shows that bulls are active at lower levels.

Bulls will try to strengthen their position by pushing the price above the psychological barrier to $ 100,000. If they manage to do that, it will eliminate the path for an all-time retest of $ 109,588. Sellers will try to defend the $ 109,588 level, but if the Bulls prevail, the BTC/USDT pair can advance to $ 138,000.

Contrary to this assumption, if the price fails to hold above $ 100,000, it is suggested that the bears are trying to develop a lower high. The pair can drop to 50-week simple moving average ($ 75,543).

Ether price analysis

Ether formed a huge range between $ 2,111 and $ 4,094. The price has slipped below $ 2,000 recently, but the long tail of the candle shows the purchase at a lower level.

A weak rebound from the $ 2,111 level suggests that demand is drying. This increases the risk of a breakdown below $ 2,111. If that happens, it indicates that the ETH/USDT pair may rise in the near term. The pair can start a downtrend at $ 1,500 and then $ 1,075.

Consumers need to push and maintain the price above the moving averages to signal that the action -bound action remains intact. The pair can climb to the top of the range at $ 4,094. This is a critical resistance to overhead for bears to defend because a rest above can clear the path for a rally at $ 4,868 and ultimately to the target goal of $ 6,077.

XRP price evaluation

XRP is combined with an uptrend. After a vertical rally, the price generally takes a breath before starting the next trending transfer.

The XRP/USDT pair has been oscillating between $ 2 and $ 3 in a few weeks, indicating a tough battle between bulls and bears. Sellers defend overhead resistance as the bulls buy near the support. The longer the price stays within the range, the stronger the final breakout from it.

A break and close to the top of $ 3 is the first indication that the range is resolved in favor of the bulls. It opens the doors for a possible rally at $ 4 and then $ 5. Instead, if the price drops and breaks below $ 2, it indicates that the pair is leading the medium term. Which increases the risk of fall to $ 1.50.

Related: Will the price of bitcoin be crashed again?

Solana’s price assessment

Solana created a new all-time high on January 19, but has proven to be a trap. The price has been from a stable correction, indicating the sale of entrepreneurs.

It is expected that Bulls will defend $ 120 to $ 110 zone support. If they succeed, suggest that $ 110 is the new floor. However, bear are not likely to give up easily. They will sell rallies at 20-week EMA ($ 190). If the price drops from the 20-week EMA, the pair can drop to $ 110 and swing between these two levels in a few weeks. A break and close to the bottom $ 110 can sink the pair to $ 80.

The first sign of strength will be a rest and close to the top of the 20-week EMA. There is a resistance to $ 205, but it is likely to cross. If that happens, the SOL/USDT pair can rally for $ 260, where the bear is expected to mounted a strong defense. Consumers will have to achieve a strong near above $ 260 to signal the start of a new uprising.

Cardano’s price assessment

Cardano has been —pin at the bottom of the $ 1.25 level since early 2022, but a minor positive has the bulls are trying to make a return.

If consumers are driving the price above $ 1.25, the ADA/USDT pair can choose momentum. Usually, when the price destroys a large basing formation, it leads to strong climbing. The pair may face minor resistance to $ 1.64, but it is likely to cross. The pair can climb to $ 2.38.

Alternatively, if the price stays below $ 1.25, select short-term entrepreneurs who can buy at a lower level can be tempted to book income. That can pull the price to 50-week SMA ($ 0.59), which is a necessary support to guard. If the price bounces the 50-week SMA with strength, the Bulls will try to push the pair to $ 1.25. The pair can remain range between 50-week SMA and $ 1.25 for a while.

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.