BTC, ETH, XRP, BNB, ADA, DOGE – Cryptopolitan

Weekly crypto price indicates that the entire cryptocurrency market has seen a minor pullback from the recent rally, with most coins trading around support levels.

Bitcoin (BTC) managed to stay above the $22,000 mark over the weekend and managed to hit an intraday high of $23,168. However, due to a bankruptcy announcement by FTX related to the previously announced token sale, BTC has since slipped below the psychological support level. Ethereum (ETH) continues to trade around the $1,560 level, with buyers struggling to break through the $1,600 resistance. The currencies XRP, BNB and ADA have seen a moderate decline in prices, while Dogecoin (DOGE) has managed to remain relatively stable.

Most of the altcoins are also trading around the support levels, with SOL and MATIC suffering in particular from a minor pullback. The DeFi tokens are also falling in value, with YFI, UNI and SUSHI now trading around their support levels. Overall, the crypto market is still trending in a bearish direction, as the current market movements seem to indicate that buyers have lost confidence in the recent rally.

BTC/USD

Bitcoin price analysis shows that the currency has been trading in a tight range between $22,000 and $23,000 in recent days. However, due to the FTX bankruptcy announcement, BTC fell below the psychological support level of $22k. The price was able to recover a bit after that news, but remains vulnerable to further selling if buyers continue to lose confidence.

Currently, the BTC/USD pair is trading around the $22,371 area and faces strong resistance at $22,444. Bears may try to push the price below this support level in the coming days, which could lead to a deeper correction. BTC has lost more than 3.08% of its value since the beginning of the week and is now trading below the 20-day exponential moving average (EMA).

The Relative Strength Index (RSI) has dipped below 52.26, indicating that short-term momentum has turned bearish. The moving average indicator is currently trending down and if this continues, BTC may enter a correction phase in the coming days. The MACD histogram has also slipped below the zero line, indicating that bears have gained control of the market.

ETH/USD

Ethereum price analysis has seen the currency trading in a range between $1,557 and $1,669 in recent days. The bulls and bears have been locked in a battle for control of the ETH/USD pair, and it looks like the bears have gained the upper hand. ETH/USD is trading at $1560 and with strong resistance at $1575, which may prevent the price from breaking higher.

Trading volume for Ethereum coins has dropped drastically in recent days and this could be a sign that buyers have lost confidence in the asset. The market capitalization is currently at $191 billion, with a slight increase of 0.15% since the beginning of today.

The 50-day SMA has crossed below the 200-day SMA, indicating that a bearish crossover is underway. The MACD indicator has moved into negative territory and the RSI stands at 51.23, indicating that bears are now in control of the market. The ETH/USD pair needs to break above the $1,602 resistance level if it wants to resume its uptrend. If the bears manage to break below the $1,570 support level, ETH could enter a deeper correction.

XRP/USD

Ripple has seen some minor swings over the past seven days, with a weekly high of $0.385 and a current level of $0.3757. The weekly crypto price analysis suggests that XRP has made higher highs and higher lows, indicating a short-term bullish trend. The short-term target for XRP is $0.38 as it looks to break through this resistance level.

On the technical side, the RSI is showing overbought signals while the MACD remains bearish, suggesting that there may be some profit-taking in the near future. The 20-SMA has crossed below the 50-SMA, indicating that bears are dominating the market. If XRP fails to break above the $0.385 resistance level, it may enter a deeper correction to retest the support levels. The moving average is currently below the current price, indicating that XRP may be in a bearish trend.

BNB/USD

Binance Coin has faced sideways movements in recent days and is currently trading at $290.03, down from the weekly high of $309.50 on February 26. The crypto market analysis shows that the bulls have failed to push BNB/USD above the $309 resistance level and the currency is now vulnerable to further falls if buyers lose confidence. BNB has lost more than 3.48% of its value in the last seven days.

The 24-day trading volume for BNB/USD has been falling steadily at a rate of 37% in the last 24 hours, indicating that buyers may have lost momentum. The market value of BNB has also fallen by 0.20% in the same period. The 50-day SMA has crossed below the 200-day SMA, indicating further weakness.

The RSI is near the 50 level, indicating that selling pressure is increasing and further losses may be in store for this currency. MACD remains bearish and a break below the $290 support level could lead to further declines in the near term. The 20-EMA is moving below the 50-EMA, which means that bears are dominating the market. If BNB fails to break above the $309 resistance level, it may enter a deeper correction over the next few days.

ADA/USD

Cardano price analysis indicates that over the past seven days, the ADA/USD pair has traded mixed, with a high of $0.37 and a low of $0.33. The ADA/USD pair is currently trading at the $0.3414 mark and the buyers are trying to push it above the $0.35 level, which could be a crucial resistance level.

ADA/USD has risen by 1.00% in the last 24 hours, and its market capitalization has grown by 1.01%, while trading volume has decreased by 46.61%. The SMA lines are also showing a bullish trend, indicating that Cardano may continue to see growth in the long term. Market volatility for ADA remains high as the MACD suggests that momentum is in favor of the bulls. The RSI is also showing oversold and is currently near 45 levels.

DOGE/USD

Dogecoin is currently trading at $0.0763 and is facing a bearish trend with a weekly low of $0.0746. The Dogecoin price analysis shows that the DOGE/USD pair has lost almost 5.79% of its value in the last seven days. However, today the bullish trend has emerged and the coin is currently trading above the $0.075 level.

The $0.0746 support level has been tested a few times in the past and if broken, the coin could enter a deeper correction, while the $0.07716 resistance level could act as a strong obstacle for the bulls if buying pressure increases.

Looking at the moving average, the moving average convergent divergence (MACD) suggests that the coin is in a bullish trend and is likely to remain so in the near future. The relative strength index (RSI) is currently around 45.92, indicating that the coin is in an overbought zone.

The 20-day moving average is also above the 50-day simple moving average, indicating that the bulls are dominating. The moving average (MA) is also currently above the current price, indicating that the trend is bullish. If Dogecoin fails to break past the $0.077 level, it may enter a deeper correction in the near future.

Weekly crypto price analysis conclusion

Overall, the weekly crypto price analysis shows a mixed trend, with some coins trading at higher levels and others still facing resistance. The buyers and sellers are in a battle of their own, and the key will be to identify the breakout zones and enter when there is an opportunity. In addition, it is important to note that technical indicators suggest that the market may be vulnerable to further losses if buyers lose confidence.