BTC, ADA, BNB and SOL Price Analysis for March 23

Price Analysis
Wed, 03/23/2022 - 15:40
Cover image via www.tradingview.com
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The cryptocurrency market remains bullish even though some coins are trading in the red zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) could not follow its rise of yesterday, going down by 1.67%.

BTC/USD chart by TradingView

Despite the fall, Bitcoin (BTC) is slowly approaching the resistance level at $45,854 on the daliy chart. Thus, the buying trading volume is also rising, which means that bulls are ready to return the rate to the previous levels.

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However, if bulls fail to hold the $42,000 mark, the fall may continue to $40,000.

Bitcoin is trading at $42,337 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as rate of the popular altcoin has rocketed by 8%.

ADA/USD chart by Trading View

Cardano (ADA) has confirmed its mid-term bullish trend after the breakout of the $1.003 mark. If the bulls can hold the current level and the daily candle fixes above it, the growth may continue up to the resistance at $1.209 by the end of the month.

ADA is trading at $1.064 at press time.

BNB/USD

Binance Coin (BNB) has followed the decline of Bitcoin (BTC), falling by 1.18%.

BNB/USD chart by TradingView

Despite the fall, the rate of the native exchange coin has broken the vital $400 mark and is currently trading above it.

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If nothing changes and bulls can hold the $400 level, the ongoing upward move may lead the price of BNB to the resistance at $441 shortly.

BNB is trading at $406.6 at press time.

SOL/USD

The rate of Solana (SOL) is almost unchanged over the last 24 hours.

SOL/USD chart by TradingView

Solana (SOL) is rising at the moment against the increased trading volume. SOL needs to break the vital $100 for a mid-term rise. If the altcoin can do it by the end of the week, the growth may continue to the resistance at $130 soon.

SOL is trading at $94.86 at press time.