BTC, ETH, BNB and IOTA Price Analysis for March 22

Price Predictions
Mon, 03/22/2021 - 15:37
article image
Denys Serhiichuk
Which coin is about to set a new peak?
BTC, ETH, BNB and IOTA Price Analysis for March 22
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

The new week has begun with a new growth wave on the cryptocurrency market as all top 10 coins are in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital statistics for Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and IOTA:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,071,979,190,251 $57,146.90 $47,734,634,906 -0.20%

Ethereum

ETH

$206,320,257,014 $1,783.60 $19,130,179,594 -0.37%

Binance Coin

BNB

$41,204,415,324 $267.23 $1,703,331,567 1.32%

IOTA

IOTA

$4,104,143,173 $1.48 $120,015,986 4.52%

BTC/USD

On Saturday, buyers tried to continue the growth of the Bitcoin (BTC) price to a new high, but in small volumes, they could not overcome the resistance of $60,000. By the end of the day, the pair rolled back to the average price area, and on Sunday night, the bears pushed through the two-hour EMA55.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the last day of the week, sellers achieved a retest of the green trendline. After such a rollback, buyers have not yet managed to restore the BTC price above the $58,000 level. The trend line limits bearish pressure and keeps the pair in the mid-price area. If sellers are able to break the uptrend line, then the pair will test the support of $53,400.

Related
BTC, ADA, BNB and LTC Price Analysis for March 21

On the other hand, at the beginning of this week, another attempt by bulls to break through to the maximum zone and continue the run to the area of ​​$64,000 is possible, but for this, buyers need to form a powerful impulse that can break through the resistance in the area of ​​$60,000.

Bitcoin is trading at $57,140 at press time.

ETH/USD

Last weekend, the Ethereum price failed to break above the level of $1,860 and continued a two-week marathon in a sideways direction in the area of the POC line ($1,800).

ETH/USD chart by TradingVie
ETH/USD chart by TradingView

Now, sellers have pushed the Ethereum (ETH) price below the point of control (POC) indicator line and are keeping the pair under the two-hour EMA55. If bearish pressure intensifies, the pair might test the support of $1,680. On the longer time frame, the Stoch RSI indicator lines form a signal for a recovery in the ETH price. It can be assumed that, at the beginning of the week, bulls are preparing a breakout of the resistance of $1,860 and a retest of the level of $1,950.

Ethereum is trading at $1,782 at press time.

BNB/USD

Binance Coin (BNB) is the second-most growing coin from our list. Its rate has gone up by 1.32% over the last day.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

On the weekly time frame, there was no deep rollback after a false breakout of the $296 mark. At the moment, buyers are accumulating power to keep the growth, which means that there chances to see a move to the vital zone of $300 even this week.

Binance Coin is trading at $268 at press time.

IOTA/USD

IOTA is the top gainer today as its price has risen by 4.52% since yesterday.

IOTA/USD chart by TradingView
IOTA/USD chart by TradingView

On the daily chart, IOTA is located in the sideways range and is almost ready for a price blast. The volatility is decreasing, which means that bulls have gathered enough energy. In this case, the level of $1.59 may be tested shortly.

IOTA is trading at $1.46 at press time.

 
article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

thecryptobuds