Main navigation

BTC, XRP and SUSHI Price Analysis for March 31

Price Analysis
Thu, 03/31/2022 - 16:00
article image
Denys Serhiichuk
Which altcoin can keep rising faster than Bitcoin (BTC)?
BTC, XRP and SUSHI Price Analysis for March 31
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

Bulls remain more powerful than bears; however, some coins have already faced a correction phase.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.43% over the last 24 hours.

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

Despite the fall, Bitcoin (BTC) remains bullish until it trades above $46,000. Thus, the selling volume is low, which means that bears are not ready for a sharp drop from the current levels. In this case, the more likely scenario is sideways trading in a narrow range between $46,000 and $47,000. Such a scenario is relevant until the end of the week.

Bitcoin is trading at $46,498 at press time.

XRP/USD

XRP is the biggest loser from the list today as the rate has gone down by 4.65%.

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

XRP also remains bullish despite the drop, as the price has bounced off $0.80. In this case, trading in a narrow range may happen soon so that bulls can accumulate more energy for a further upward move.

Related
BTC, XRP and ADA Price Analysis for March 29

All in all, one can expect slow growth to the blue resistance line at $0.91 soon.

XRP is trading at $0.8278 at press time.

SUSHI/USD

SUSHI is the only coin from the list located in the green zone. Moreover, the rise has accounted for 9.15% over the past 24 hours.

SUSHI/USD chart by Trading View
SUSHI/USD chart by Trading View

SUSHI might face a correction as the price made a false breakout of the vital $5 mark. If buyers cannot come back to this mark by the end of the day, there is a chance to see a decline to the nearest support level at $4.266 shortly.

SUSHI is trading at $4.614 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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.