Downtrend Continues in the Crypto Market

Cryptocurrencies have been going through a tough period since the week of March 20th. The price of Bitcoin (BTC) is under pressure below the $69,000 level and months hold the market at bay. However, the situation remains uncertain for new price predictions for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) Coin. Ethereum (ETH) The price of ETH is trading below the $3,434 50-day SMA, indicating a lack of demand. ETH has suffered significant losses against BTC and currently faces a downside risk to $2,000. The strong support for ETH is at $3,056; failure to recover from here could see the price drop to $2,700. However, a rise towards $3,678 could target yearly highs. Binance Coin (BNB) BNB dropped below $600 from levels of $645. A symmetrical triangle formation has formed on the BNB chart, indicating increased volatility in the near future. Investors will either wait for the triangle to […]

Downtrend Continues in the Crypto Market

Cryptocurrencies have been going through a tough period since the week of March 20th. The price of Bitcoin (BTC) is under pressure below the $69,000 level and months hold the market at bay. However, the situation remains uncertain for new price predictions for Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) Coin.

Ethereum (ETH)

The price of ETH is trading below the $3,434 50-day SMA, indicating a lack of demand. ETH has suffered significant losses against BTC and currently faces a downside risk to $2,000. The strong support for ETH is at $3,056; failure to recover from here could see the price drop to $2,700. However, a rise towards $3,678 could target yearly highs.

Binance Coin (BNB)

BNB dropped below $600 from levels of $645. A symmetrical triangle formation has formed on the BNB chart, indicating increased volatility in the near future. Investors will either wait for the triangle to break and act accordingly, or take risks by opening positions. A downside break could see the price drop to $460 and $395; an upward move could target $692 and $795.

Solana (SOL)

75% of transactions on Solana fail. SOL Coin is under pressure after the news of FTX selling its assets, and if it closes below $181, the target is $162. If the downtrend continues, SOL could drop to $162, $152, and $126.

Useful Information for Readers

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

As uncertainty persists 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)
    $67,064.000.22%
  • ethereumEthereum(ETH)
    $3,124.850.57%
  • tetherTether(USDT)
    $1.00-0.02%
  • binancecoinBNB(BNB)
    $580.85-0.02%
  • solanaSolana(SOL)
    $173.680.51%
  • usd-coinUSDC(USDC)
    $1.000.00%
  • staked-etherLido Staked Ether(STETH)
    $3,120.630.53%
  • rippleXRP(XRP)
    $0.52-0.33%
  • dogecoinDogecoin(DOGE)
    $0.155212-0.53%
  • the-open-networkToncoin(TON)
    $6.40-1.86%
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