Crypto price analysis March-3: ETH, XRP, ADA, BNB, Sol

Crypto price analysis March-3: ETH, XRP, ADA, BNB, Sol

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

Ethereum (ETH)

The market suffered a sudden slump last night, and Ethereum was not spared and declined by 5 % last week. This brought the price back to the key support at $ 1,550. The buyers are now under pressure and it is uncertain whether this sale is ended or continued.

This latest decline comes after ETH was rejected with the resistance of $ 1,700. While the price remains within a flat channel in the daily time frame, a breakthrough under the current support can quickly drop it much lower.

With a view to the future, the price campaign has declined in most cryptocurrencies, and the sellers seem to be in charge.

diagram of tradingview

ripple (XRP)

ripple quickly fell to the level of support of 36 cents overnight and recorded a decline of 5.6 %last week. The trend is declining for the time being with clear deeper lows and deeper highs.

If the support level should not be able to stop the sellers, then Ripple will probably tend down to 33 cents. Buyers currently do not seem to be interested in XRP, and the main resistance is 40 cents.

The daily momentum indicators, such as the MACD and the RSI, are both declining and increasing in speed when they fall so that there is little hope of a sooner repentance. For this reason, this correction can continue for some time.

Diagram by Tradingview

cardano (ada)

Cardano suffered much more than XRP, has undergone his critical support at 35 cents and is well on the way to reaching 30 cents. This recent decline in price has been completed by the last seven days with a loss of 11.8 %.

Until the price reaches the support at 30 cents, it seems less likely that buyers will return. This collapse also made the 35-cent brand a key resistance.

Cardano is currently one of the weakest cryptocurrencies in the top 10. The downward trend continues and the mood remains declining, with little hope of a significant change in the coming week.

Diagram of Tradingview

binance coin (bnb)

Binance Coin suffered a similar decline as XRP and fell by 5.7 %last week. In view of the good support at $ 290, the question arises whether buyers will succeed in holding back here or whether they have to give way to lower levels. If so, BNB will find good support.

The current resistance is $ 315, and the buyers could not push the price to this level last week because they were always on the defensive.

If the market remains declining, BNB will probably fall to the next support level to reduce part of the pressure from this sale. This could enable buyers to regain control and try to relax.

Diagram by Tradingview

Solana (sol)

Solana is the worst performer on our list this week after it has booked a price drop of 12 %. The outbreak above the descending triangle became a fake-out, and Sol's price quickly turned its course. The price returned to key support at $ 20.

buyers have to keep $ 20. If not, the next important support level is $ 15. The current resistance is $ 23.

With a view of the future, Solana is in a difficult position, and his critical support will be crucial for where the price is going next. Seller still have the upper hand, and for this reason the tendency is currently declining.

Diagram of Tradingview

The article Crypto Price Analysis Mar-3: ETH, XRP, ADA, BNB, SOL first appeared on Cryptopotato.

.