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BTC, XRP, ADA and BNB Price Analysis for March 26

Price Predictions
Fri, 03/26/2021 - 16:01
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Denys Serhiichuk
Which coins are likely to set new peaks after the correction?
BTC, XRP, ADA and BNB Price Analysis for March 26
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.

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The correction may have finished on the crypto market as all top 10 coins are again in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital statistics on Bitcoin (BTC), Cardano (ADA), Binance Coin (BNB) and XRP:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$994,825,685,130 $53,371.56 $60,042,351,928 4.15%

Cardano

ADA

$38,999,546,734 $1.23 $7,101,779,956 12.63%

XRP

XRP

$25,306,112,264 $0.5557 $6,224,857,268 12.16%

Binance Coin

BNB

$38,437,338,492 $249.63 $2,272,227,461 8%

BTC/USD

Yesterday morning, buyers tried to seize the initiative and, in small volumes, restored the Bitcoin (BTC) price to the orange level of $53,400. However, sellers intensified the onslaught and the bearish momentum pierced the support of $51,600. The weekly low is set at $50,360. In the evening, sales volumes began to decline, and sellers were unable to force the price to test the psychological level of $50,000.

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

As of this morning, buyers managed to restore the pair above the yellow level of $51,600. During the day, there will be attempts to return to the area of ​​average pricesto the two-hour EMA55. However, this week, buyers have not managed to form a strong bullish momentum. Without the support of a large buyer, it will not be possible to gain a foothold above the two-hour EMA55.

Related
BTC, ETH and XRP Price Analysis for March 25

At the same time, the scenario of the bearish breakout of the psychological level of $50,000 remains, as before, relevant. If selling pressure resumes, the pair will roll back to the area of ​​$49,500.

Bitcoin is trading at $53,359 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer today as the rate of the altcoin has increased by almost 13% over the last day.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) keeps trading above the MA 50, which means that bulls continue controlling the situation. Thus, the lines of the MACD indicator are about to enter the green zone, which will confirm buyers' power. In this case, one can expect a retest of the $1.34 resistance soon.

Cardano is trading at $1.21 at press time.

XRP/USD

Yesterday, the XRP price surprised many with its positive dynamics. The pair managed to recover above the psychological level of $0.50 and continued to recover to the area of average prices by the end of the day.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Buyers broke the four-hour moving average tonight and tested the $0.53 level. If the optimistic sentiment of market participants continues, the pair may recover to the area of the March high, to the resistance of $0.60.

XRP is trading at $0.5442 at press time.

BNB/USD

Binance Coin (BNB) has also shown significant price growth. The rate of the native exchange token has risen by 8%.

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

On the daily time frame, Binance Coin (BNB) has bounced off the support of $225, which means that the long-term scenario remains relevant. However, buyers have not accumulated enough power to set a new peak. All in all, traders might expect a false breakout of the zone around $296 shortly.

Binance Coin is trading at $248 at press time.

 
 
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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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.