Price analysis 3/28: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, AVAX

Bitcoin (BTC) is distancing itself from the crucial $90,000 mark, suggesting weakening buying pressure at higher price points. Market uncertainty is fueled by new US trade tariffs and renewed inflationary pressures, following hotter-than-expected US Personal Consumption Expenditures data.

Opinions diverge regarding Bitcoin's price trajectory in 2025. Ashwin, a user on X (formerly Twitter), citing data from prediction market platform Polymarket, notes the most bearish prediction is $59,040, while the most bullish reaches $138,617.

Despite near-term uncertainty, Jamie Coutts, Real Vision's chief crypto analyst, maintains a bullish outlook. He told Cointelegraph that Bitcoin could surpass its all-time high, reaching over $109,000 before the end of the second quarter. He believes concerns about US tariffs and a potential recession are unlikely to significantly hinder a potential Bitcoin rally.

Let's analyze the charts of the top 10 cryptocurrencies to identify key support levels.

Bitcoin Price Analysis

Bitcoin reversed course from resistance, breaking below the 20-day exponential moving average ($85,765) on March 28th.

Bears may attempt to push the price below the immediate support at $83,000. A break could lead to a decline towards $81,000 and potentially $80,000. However, buyers are anticipated to strongly defend the $76,606 to $80,000 range.

Conversely, bulls need to maintain the price above the resistance line to signal a potential end to the correction. Closing above the 50-day simple moving average ($89,346) could propel the price to $95,000 and eventually the psychologically significant $100,000 level.

Ether Price Analysis

Ether (ETH) reversed from the $2,111 breakdown level, falling below the 20-day EMA ($2,032), suggesting continued bearish dominance.

Sellers may target the $1,800 to $1,754 support zone. Buyers are expected to fiercely defend this area, as a break below could reignite the downtrend, potentially leading to a drop to $1,550.

To signal weakening bearish momentum, buyers must push and sustain the price above $2,111. The 50-day SMA ($2,293) might act as resistance, but a break above could lead to a rally towards $2,550.

XRP Price Analysis

XRP (XRP) reversed and broke below its moving averages on March 26th, indicating consistent selling pressure on minor rallies.

Bears will likely attempt to push the price to the crucial $2 support. Buyers are expected to defend this level vigorously, as a break below would complete a bearish head-and-shoulders pattern, potentially leading to a drop to $1.27.

Conversely, a strong rebound from the $2 support could keep XRP within its trading range. A break and close above the resistance line would signal a bullish reversal.

BNB Price Analysis

BNB (BNB) has traded between its moving averages and the $644 resistance for several days.

The upward-sloping 20-day EMA ($618) and a positive RSI suggest a slight buyer advantage. A strong rebound off the moving averages could lead to a break above $644, potentially pushing the price to $686.

However, a continued decline and break below the moving averages would indicate weakening bullish sentiment, potentially leading to a drop to the 38.2% Fibonacci retracement level of $591.

Solana Price Analysis

Solana (SOL) broke below the 20-day EMA ($136) on March 28th, indicating weak buying pressure.

Sellers may target the $120 to $110 support zone. Buyers are expected to defend this aggressively, as a break below could resume the downtrend towards $80.

The 50-day SMA ($153) is a key resistance level. A break above this would suggest a potential floor at $110, potentially leading to a rally to $180.

Dogecoin Price Analysis

Dogecoin (DOGE) reversed from the 50-day SMA ($0.21) on March 26th, indicating negative sentiment.

A relatively flat 20-day EMA ($0.18) and an RSI just below the midpoint suggest near-term range-bound trading between $0.14 and the 50-day SMA.

A break above the 50-day SMA would signal potential bullish momentum, potentially leading to a rise to $0.24 and then $0.29.

Cardano Price Analysis

Cardano (ADA)'s failure to hold above the 50-day SMA ($0.75) may have triggered profit-taking.

ADA could decline towards the uptrend line, where buying support is expected. A rebound from this line could lead to another attempt to break above the 50-day SMA, potentially reaching $0.84 and then $1.02.

A break below the uptrend line, however, would signal bearish dominance, potentially leading to a drop to the $0.58 to $0.50 support zone.

Toncoin Price Analysis

Toncoin (TON) rebounded from the 20-day EMA ($3.54) on March 26th, reaching resistance at $4.14 on March 27th.

An upward-sloping 20-day EMA and a positive RSI favor buyers. A rebound from the current level or the 20-day EMA could lead to a break above $4.14, potentially reaching $5.

A break below the moving averages would invalidate this bullish outlook, with minor support at $3.32. A break below this could lead to a decline to $2.81.

Chainlink Price Analysis

Chainlink (LINK) reversed from the 50-day SMA ($15.96) on March 28th, breaking below the 20-day EMA ($14.76), indicating selling on rallies.

Sustained trading below the 20-day EMA could push LINK towards its support line. A break below this could lead to a decline to $10.

Conversely, buyers may attempt to push the price above the 50-day SMA, potentially leading to a rise to $17.70 and then the resistance line.

Avalanche Price Analysis

Avalanche (AVAX) failed to sustain above the 50-day SMA ($21.93), indicating bearish pressure at higher levels.

The 20-day EMA ($20.51) is a key support level. A close below this could lead to a decline to $18. While buyers may defend this level, a further break could retest the $15.27 support.

A break and close above the 50-day SMA would signal strong buying, potentially leading to a rally to the $25.12 to $27.23 resistance zone.

Disclaimer: This article does not provide investment advice. All investment and trading decisions involve risk, and readers should conduct thorough research before making any decisions.