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BTC, ETH and SOL Price Analysis for March 30

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Wed, 30/03/2022 - 14:03
BTC, ETH and SOL Price Analysis for March 30
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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After a few days of sharp growth, most of the coins have faced a correction period. LUNA is the only exception to the rule, rising by 3.32% over the last 24 hours.

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Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is going down by 1.17% since yesterday.

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BTC/USD chart by TradingView

Despite the slight correction, Bitcoin (BTC) remains trading above $47,000 after the false breakout of this mark tonight. Thus, the buying trading volume is high, which means that bulls are not ready even for a minor drop and keep accumulating power for a further upward move. In this case, there is a chance to expect the test of the zone $49,000-$50,000 in April.

Bitcoin is trading at $47,277 at press time.

ETH/USD

Ethereum (ETH) is more bearish than Bitcoin (BTC) as the main altcoin has dropped by 1.56%.

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ETH/USD chart by TradingView

Ethereum (ETH) is trading similar to Bitcoin (BTC) and has also bounced off the zone of $3,300. Until the rate is above $3,300, buyers have nothing to worry about. At the moment, the more likely scenario is a continued slight rise to the next vital level at $3,585.

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The test of it may already take place on the first days of the upcoming month.

Ethereum is trading at $3,395 at press time.

SOL/USD

Solana (SOL) could not withstand the fall of the other coins, declining by 1.12%.

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SOL/USD chart by TradingView

Solana (SOL) remains bullish despite today's decline. After the bounceback from the level at $106, buyers are ready to keep the rise. If bulls can get the rate close to the $120 mark, the test of the resistance at $130 is just a matter of time.

SOL is trading at $112.18 at press time.

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