BTC, ETH, XRP, ADA and BNB Price Analysis for March 20
Bulls have faced resistance from the bears on the last day of the week as most of the coins have returned to the red zone.
Although Bitcoin (BTC) has fallen 0.85% since yesterday, it has grown by 7%.
Despite today’s fall, Bitcoin (BTC) remains bullish as it continues to trade above the vital USD 41,000 mark. Thus, the price is approaching the resistance level at $45,854 on the daily chart, confirming buyer power.
If the weekly candle fixes around the current levels, there is a chance to see further growth towards the $44,000-$45,000 zone next week.
Bitcoin is trading at $41,546 at the time of writing.
Ethereum (ETH) has lost more than Bitcoin (BTC) as the main altcoin has fallen by 2.78%.
Ethereum (ETH) is less bullish than Bitcoin (BTC) as it could rise above the vital mark of $3,000. Until the price falls below this level, sellers are more powerful than bulls. However, if a breakout happens, growth could lead the price towards the $3,300 resistance soon. Such a scenario is relevant until the end of the month.
Ethereum is trading at $2,881 at the time of printing.
XRP is no exception to the rule and is down 1% in the past day.
XRP is neither bullish nor bearish as the price is far from its key levels. One can only consider any possible growth if buyers can get the rate back to $0.85. If they don’t, there is a chance of a short-term drop to the zone around $0.75-$0.77 in the coming days.
XRP is trading at $0.8067 at the time of writing.
The price of Binance Coin (BNB) is down 2.63% since yesterday.
Binance Coin (BNB) trades similarly to XRP because the price trades sideways. Right now, one should keep a close eye on the vital $400, which is a critical level for further gains. if the bulls can break out of it, growth may soon move towards the resistance at $443.
BNB is trading at $391.8 at the time of writing.
Cardano (ADA) is the only winner on the list today, as the share price is up 0.68%.
From a medium-term perspective, Cardano (ADA) price is falling after the false breakout of the $0.90. Currently, there is a chance to see the mirror level bounce back at $0.863. However, if the bears break through, the decline could continue towards the area around $0.80.
ADA is trading at $0.882 at the time of writing.