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BTC, ETH and SOL Price Analysis for March 28

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Mon, 28/03/2022 - 14:07
BTC, ETH and SOL Price Analysis for March 28
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The last week of the month has started bullish for the cryptocurrency market as all of the coins from the top 10 list are in the green zone.

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Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 6% since yesterday.

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BTC/USD chart by TradingView

On the daily time frame, Bitcoin (BTC) has broken the resistance level at $44,776 and fixed above it, having confirmed the mid-term bullish trend. Now, one needs to pay close attention to the zone around $50,000. If bulls manage to break this level as well, the growth may continue to the next important mark of $52,000.

Bitcoin is trading at $47,237 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC) with a rise of almost 7% over the last 24 hours.

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ETH/USD chart by TradingView

Ethereum (ETH) is trading similar to BTC as it has also crossed the vital level of $3,300. At the moment, there is a high chance to see continued growth to the next mark of $3,585 as buyers have accumulated enough power for a further upward move. In addition, the trading volume is about to start rising soon.

Ethereum is trading at $3,355 at press time.

SOL/USD

Solana (SOL) is the biggest gainer today as the price has rocketed by 9.60% since yesterday.

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SOL/USD chart by TradingView

Despite sharp growth, SOL keeps trading in a wide channel between the support at $75 and the resistance at $130. Bulls have managed to fix above the psychological $100 mark.

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If they can hold the initiative, there is a probability of further growth to the area of $120-$130 shortly.

SOL is trading at $110 at press time.

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