Overview of BTC, ETH, BNB, XRP, LUNA Price Trends

BTC/USDT

The relative strength indicator (RSI) has entered positive territory, suggesting that momentum is shifting bullish. If buyers keep the price above the moving averages, the BTC/USDT pair might reach the overhead zone between $45,000 and the rising channel’s resistance line. The bears are likely to vigorously defend this zone.

If the price falls from the overhead zone, the pair might linger in the channel for a few more days. To win control, the bears will have to drive the price below the channel’s support line and keep it there.

ETH/USDT

The bulls are seeking to drive the price above the moving averages and keep it there. If they do, the ETH/USDT pair might rise to the triangle’s resistance line. If bulls break over this level, it might signal the beginning of a fresh rally. The pair might initially rise to the psychological threshold of $4,000 before sprinting to the pattern goal of $4,311.

This optimistic viewpoint will be rendered null and void if the price falls below the present level or the resistance line. This might keep the two trapped inside the triangle for a few more days. To get the upper hand, the bears will have to push the pair below $2,400.

BNB/USDT

At $445, the bears are expected to launch a vigorous defence. If the price falls below this level, the BNB/USDT pair may fall below the moving averages. The flat 20-day exponential moving average (EMA) ($387) and the RSI at the midway imply a supply-demand equilibrium.

If the bulls are unable to keep the price above the 50-day SMA, the bears will take advantage of the situation and attempt to drive the pair down below the $350 support level. The market movement between $445 and $350 is expected to continue erratic.

XRP/USDT

If they are successful, the purchasing might increase and the XRP/USDT pair could climb to the $0.85-$0.91 upper zone. The bears may provide heavy resistance in this zone, but if the bulls bulldoze their way through, the pair might rise to the psychological level of $1.

On the downside, the bears will need to drive the price below $0.68 and keep it there in order to flip the tables in their favor. The pair may potentially fall below the intraday low of $0.62 set on February 24.

LUNA/USDT

The bulls have pushed the price over the overhead barrier of $94 and the LUNA/USDT pair is currently approaching the all-time high of $103. This level is expected to operate as a strong resistance, but if bulls break through it, it will signal the start of a fresh rally. The duo might then rise to $125.

Alternatively, if the rise comes to a halt above $103, the bears will try to push the price down below $94. If this occurs, the bullish momentum may be weakened in the near term. The upward trend may continue as long as the price remains over $94.