Ethereum, Dogecoin, Solana Price Analysis: 27 March


As the bulls enhanced their vitality over the last couple of days, the international crypto market cap lastly closed above the $2 trillion mark. Consequently, the king alt continued its up-channel trajectory and intended to reverse the $3,100 mark.

Dogecoin showed an overbought position on its near-term technicals and verified a bearish divergence with its RSI. Further, Solana saw a timeless EMA ribbons turn in favor of bulls whilst its CMF might see a short-term lapse.

Ether (ETH)

Source: TradingView, ETH/USD

During its previous descent, ETH lost the vital $3,200-mark while the bears turned this level to resistance. The bearish stage led ETH to lose over half its worth as it fell towards its six-month short on 24 January.

While the bulls kept the $2,300 base undamaged, the alt grew by almost 46% in the last 2 months. Recently, ETH got better from its two-month trendline assistance (white, rushed) and experienced 2 up-channels on its 4-hour chart. Now, the instant difficulty for the bulls stood near the $3,183-mark.

At press time, ETH was trading at $3,154.7. After a current turnaround from the stability, the RSI got better in an up-channel. After illustrating a noticeable bullish edge, it intended to check the 66-mark ceiling.

Dogecoin (DOGE)

Dogeusd 2022 03 27 13 16 27

Source: TradingView, DOGE/USD

After dropping from the $0.13-mark to match its February lows, DOGE recuperated in a rising widening wedge (yellow) on its 4-hour chart. The alt saw an almost 27% ROI in the last 12 days while it recovered the crucial $0.13-support.

Its current rally pressed DOGE above the 20/50/200 EMA as the bulls guided the pattern in their favor. Now, the three-week trendline resistance (white, rushed) stood strong in the short-term.

At press time, DOGE traded at $0.1404. The RSI continued its progressive retracement from the overbought mark while preserving the 54-support. Now, it saw a bearish divergence with the cost. This trajectory meant a possible near-term pullback. Meanwhile, the MACD lines saw another bullish crossover as the purchasers showed their increased force.

Solana (SOL)

Solusd 2022 03 27 13 28 49

Source: TradingView, SOL/USD

SOL saw an almost 57% loss because the start of the year and touched its six-month short on 24February Since then, it saw an over 40% dive towards its $102-resistance.

However, this resistance accompanied the four-month trendline resistance (white, rushed). Thus, the healing from the $80-floor might not set off a trend-altering rally. But with the EMA ribbons handling a bullish flip, the purchasers were still in control.

At press time, SOL traded at $102.32. After checking the midline numerous times, the CMF lastly saw a revival towards the $0.20 level. Also, CMF observed a surprise bearish divergence with the cost. This reading required a possible near-term obstacle.


Source link .

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Want To Stay Updated On the Latest Crypto News? Get the all the important news in Crypto, NFTs & all things Metaverse Instantly! No Yes