Crypto price analysis March-17: ETH, XRP, ADA, BNB, DOT

Crypto price analysis March-17: ETH, XRP, ADA, BNB, DOT

This week we take a closer look at Ethereum, Ripplecardano, Binance Coinund Polkadot.

Ethereum (ETH)

This week the market mood changed completely, and the bulls took over full control over the price movements. ETH recovered by 21 % and is the best performer on our list. This spectacular rally enabled him to break through the key resistance at $ 1,660, which has now turned into support.

With the upward trend in full swing, this cryptocurrency can achieve $ 2,000, which is an important psychological level. The momentum indicators are Bullish and there are no signs of exhaustion yet.

With a view to the future, it seems likely that ETH could rise higher and the most important resistance levels could test at $ 1,800 and $ 2,000. Seller have already paid a high price to sell the market, and for this reason they are absent at this time.

diagram of tradingview

ripple (XRP)

While most of the market is recovering, XRP seems to be behind and only an increase of 1 %last week. This is quite surprising if you consider the bullish atmosphere on a broad front.

Because XRP is a momentum coin, it could be that its price catches up at a later date when the money rotates from old coins that currently have significant movements. The key resistance is 40 cents, and the support has so far been well defended, at just over 34 cents

With a view to the future, XRP seems to move between the key levels without any noteworthy outbreak.

Diagram by Tradingview

cardano (ada)

The downward trend from Cardano came to an abrupt stop this week and recorded a price increase of 10 %. This is a significant change in the price movement that declined a week ago.

With a view to the future, Ada will become Bullisch and could soon try to break the key resistance, which could pave the way towards the next 38 cent. If this is successful, the most important level on the chart will be the key resistance at 42 cents.

Diagram of Tradingview

Binance Coin (bnb)

After Binance announced his intention to buy BNB using its Industry Recovery Fund worth $ 1 billion, the price was not delightal and started to recover and recorded an increase of 20 %this week. This dynamic only strengthened during the week.

At the time of writing this article, Binance Coin is just below the key resistance at $ 346. The last time this level visited, its price was sharply rejected. However, a second attempt could convert this level into support and pave the way for a higher assessment.

With a view to the future, the prospects for BNB are optimistic, and this latest news from Binance have driven sellers because they cannot be found anywhere.

Diagram by Tradingview

polkadot (point)

Last week Dot found good support at just over $ 5, and since then the price has increased by 20 %. It is expected that this dynamic will continue and the price could reach the key resistance at $ 7.5.

With a significantly higher low in the three-day period, it could be that Polkadot is now in the third impulse into a five-wave-ELIOT structure. If this is the case, buyers will probably have full control over the price until the key resistance.

With a view to the future, Dot has good chances to compensate for part of his losses from this Baisse and to get back into a double -digit rating this year.

Diagram by Tradingview

The article Crypto Price Analysis Mar-17: ETH, XRP, ADA, BNB, DOT first appeared on Cryptopotato.

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