Cryptocurrency

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-developments-in-the-cryptocurrency-market-bitcoin-solana-ripple-and-avax-analysis/" data-wpel-link="internal">Key Developments in the Cryptocurrency Market: Bitcoin, Solana, Ripple, and Avax Analysis</a><br></p>
<p class="p1" style="text-align: justify">The cryptocurrency market continues to experience significant developments led by <strong><a href="https://coin-turk.com/ustun-yapay-zeka-bitcoin-son-noktayi-koydu-en-muhtemel-senaryo-bu-olabilir" data-wpel-link="internal">Bitcoin</a></strong>. Lately, user initiatives in blockchain such as airdrop events and memecoin projects have accelerated the momentum of many <a href="https://coin-turk.com/eth-kisa-pozisyonlari-tum-zamanlarin-en-yuksek-seviyesine-ulasti" data-wpel-link="internal">altcoin</a> projects. What can we expect from the fronts of Solana, <a href="https://coin-turk.com/xrp-etf-ve-ripplein-halka-arzi-icin-eski-yoneticiden-aciklama" data-wpel-link="internal">Ripple</a>, and Avax during this process? We examine with detailed chart analysis.</p> 
<h2 class="p1" style="text-align: justify" id="solana-chart-analysis">Solana Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Solana</strong> erased a large portion of its previous gains with the recent correction. However, the four-hour <a href="https://en.coin-turk.com/solanas-impressive-performance-and-future-outlook/" data-wpel-link="internal">SOL</a>/USD chart showed how determined the bulls are to defend the price movement at the $170.03 level. Establishing support at this level could prevent the price from falling to $150.60.</p> 
<p class="p1" style="text-align: justify">On the upside, resistance is at the $181.61 level. Breaking this resistance could allow the SOL price to retest the peaks it reached on March 18. If the bears thwart these attempts, Solana’s price could fall below $160.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332563 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/sol-2.png" alt="" width="1054" height="691"></p> 
<h2 class="p1" style="text-align: justify" id="ripple-chart-analysis">Ripple Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>XRP,</strong> is another cryptocurrency project showing more signs of an uptrend than a downtrend. On March 23, the <a href="https://en.coin-turk.com/ripple-faces-uncertainty-following-recent-statements-by-congress-members/" data-wpel-link="internal">Ripple</a> price dropped to $0.60, but the bulls came to XRP’s rescue, pushing the price up to $0.62. Indicators from the Awesome Oscillator (AO) data reflect an increasing upward momentum. If this continues, XRP’s price could climb to $0.64.</p> 
<p class="p1" style="text-align: justify">However, Ripple could encounter resistance at this point. Rejection at the $0.64 level could pull the XRP price below $0.60. A successful close above this could help Ripple approach $0.70.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332562 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp.png" alt="" width="1054" height="691"></p> 
<h2 class="p1" style="text-align: justify" id="avax-chart-analysis">Avax Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Avax</strong> reaching a price of $65.45 led to predictions that the price could hit $100 in a short time. However, Avax’s recent trading price of $53.11 has halted this momentum. At the time of writing, the EMA 9 level (blue) is at $53.90, while the EMA 20 (yellow) is at $54.40. Especially since <a href="https://en.coin-turk.com/sharp-increase-in-avax-token-burn-rate-5/" data-wpel-link="internal">AVAX</a> is trading below both points, this trend indicates a downward trajectory.</p> 
<p class="p1" style="text-align: justify">Failing to rise above the short-term EMA levels could lead to further correction in AVAX’s price, potentially dropping to $47.64. From an uptrend perspective, the token value may attempt to retest $57.01.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332561 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/avax-1.png" alt="" width="1054" height="691"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-developments-in-the-cryptocurrency-market-bitcoin-solana-ripple-and-avax-analysis/" data-wpel-link="internal">Key Developments in the Cryptocurrency Market: Bitcoin, Solana, Ripple, and Avax Analysis</a></h5>

Key Developments in the Cryptocurrency Market: Bitcoin, Solana, Ripple, and Avax Analysis

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