Crypto Market Continues to Show a Downward Trend

Since the week of March 20th, cryptocurrencies have been going through a challenging period. The price of Bitcoin (BTC) is under pressure below the $69,000 level, and bears have been controlling the market for months. New price predictions for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) remain uncertain. Ethereum (ETH) The ETH price is trading below the $3,434 50-day SMA, indicating a lack of demand. The price of ETH has suffered significant losses against BTC, with a current risk of dropping to $2,000. The strong support for ETH is at the $3,056 level; if a recovery does not start from here, the price could drop to $2,700. However, if a rise towards $3,678 begins, annual highs could be targeted. Binance Coin (BNB) BNB has fallen below the $600 level from the $645 levels. A symmetrical triangle formation has appeared on the BNB chart, signaling an increase in volatility soon. […]

Crypto Market Continues to Show a Downward Trend

Since the week of March 20th, cryptocurrencies have been going through a challenging period. The price of Bitcoin (BTC) is under pressure below the $69,000 level, and bears have been controlling the market for months. New price predictions for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) remain uncertain.

Ethereum (ETH)

The ETH price is trading below the $3,434 50-day SMA, indicating a lack of demand. The price of ETH has suffered significant losses against BTC, with a current risk of dropping to $2,000. The strong support for ETH is at the $3,056 level; if a recovery does not start from here, the price could drop to $2,700. However, if a rise towards $3,678 begins, annual highs could be targeted.

Binance Coin (BNB)

BNB has fallen below the $600 level from the $645 levels. A symmetrical triangle formation has appeared on the BNB chart, signaling an increase in volatility soon. Traders will either wait for the triangle to break and act accordingly, or take a risk and enter positions. A downward break could drop the price to $460 and $395, while an upward movement could target $692 and $795.

Solana (SOL)

75% of transactions on Solana are unsuccessful. SOL Coin is under pressure due to the news of FTX selling its assets, and if closings are below $181, the target is $162. If the downward trend continues, SOL could retreat to $162, $152, and even $126.

Useful Information for the Reader

The BTC price is under pressure below $69,000.
ETH could drop to $2,700 if it loses strong support.
Volatility is expected to increase in BNB, and investors should determine their strategies accordingly.
If the downward trend in SOL continues, it could drop to $126.

As uncertainty continues in the cryptocurrency market, investors should pay special attention to risk management.

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how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $64,209.00-2.41%
  • ethereumEthereum(ETH)
    $3,186.44-7.42%
  • tetherTether(USDT)
    $1.00-0.05%
  • binancecoinBNB(BNB)
    $562.32-3.61%
  • solanaSolana(SOL)
    $170.73-1.29%
  • usd-coinUSDC(USDC)
    $1.00-0.01%
  • rippleXRP(XRP)
    $0.60-0.03%
  • staked-etherLido Staked Ether(STETH)
    $3,186.60-7.38%
  • dogecoinDogecoin(DOGE)
    $0.123352-5.75%
  • the-open-networkToncoin(TON)
    $6.63-4.14%
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