Cryptocurrency Price Prediction: ETH, BTC, Cardano, 30th March 2023
The appeal of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman...
Cryptocurrency Price Prediction: ETH, BTC, Cardano, 31st March 2023
The appeal of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs.
In April 2021, Coinbase became the first significant cryptocurrency company to go public. The first U.S. exchange-traded fund with a focus on Bitcoin debuted in October of the same year.
The most well-known cryptocurrency, Bitcoin, had a prosperous year. The value of the digital currency has grown by about 70% since the start of 2021, pushing the total market value of cryptocurrencies past $2 trillion.
The majority of the major coins’ values have significantly increased this year, which has been great for the cryptocurrency market. Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) are three other digital currencies doing well.
If the history of cryptocurrencies is any indication of the future, investors can look forward to an amazing journey.
The important Crypto predictions for 2023 are as follows:
Bitcoin is currently worth $27,550, with a 24-hour transaction volume of $18 billion. Bitcoin has gained roughly 2.5% in the last 24 hours.
Bitcoin, the most popular cryptocurrency, is trading with a high bullish bias near $27,500. Bitcoin has formed a bullish engulfing candle in the two-hour time frame, indicating that buyers may rule the market.
On the upside, Bitcoin is likely to meet immediate resistance at $28,000, and a further upward breakout of this level could possibly lead Bitcoin’s price to the next resistance level of $28,900.
Meanwhile, the declining trendline, which has already been broken, adds to Bitcoin’s bullish potential. Furthermore, Bitcoin’s immediate support level is $26,600, and a bearish breach below this level would be bearish.
Meanwhile, the declining trendline, which has already been broken, adds to Bitcoin’s bullish potential.
Furthermore, Bitcoin’s immediate support level is $26,600, and a bearish breach below this level will likely expose the price of Bitcoin to the $25,600 level.
Additional selling pressure below $25,600 could push BTC’s price down to $24,000.
Meanwhile, Ethereum’s present price is $1,788.73, with a 24-hour trading volume of $8,762,886,075. Ethereum has gained 4.13% in the last 24 hours.
At $1,790, ETH/USD is trading with a high bullish bias. On the upside, Ethereum is expected to encounter immediate resistance at $1,850, and a bullish breakout of that level could expose Ethereum’s price to the next resistance level of $1,960.
On the downside, Ethereum’s immediate support is at $1,700, and a bearish break of this level could possibly lead Ethereum’s price to the next support level of $1,720.
Because the leading technical indicators, such as the RSI and MACD, are in the buying zone, the market will most likely seek out buying chances above the $1,760 support level. Right now, Ethereum is expected to target $1,850.
During the recent crypto market recovery, the Cardano price shown a v-shaped recovery from $0.3 psychological support.
Within a fortnight, the bullish advance gained 28% and pushed prices to $0.38 resistance.
However, over the last five days, the ADA price has shown long-wick rejection at the $0.38 ceiling, indicating that the bullish momentum has been spent.
A lower-price rejection candle at the $0.345 resistance level shows that buyers are defending newly regained levels.
The movement of the daily EMAs (20, 50, and 100) towards $0.375 creates a strong support zone for buyers.
The ADA coin’s intraday trading volume is $251 million, suggesting a 29% loss.
With the growing fear in the crypto market, the ADA price shifted sideways and began to oscillate between $0.38 and $0.354 levels.
Today, the Cardano coin price fell 0.6% intraday and attempted to shatter the $0.354 support level.
If the coin price manages to hold above the previously established support, coin buyers will receive additional confirmation for price sustainability at a higher price as well as the prospect of an uptrend continuation.
This current price consolidation may re-energize the bullish trend and provide a long-entry opportunity at $0.354. As a result, coin holders should expect a few more trading days of range-bound momentum before buyers arrive.
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