Over the last seven weeks, Bitcoin has maintained a downtrend after peaking in January. We will look at key support and resistance levels for various cryptocurrencies such as Bitcoin, XRP, Pi, and Solana.
Bitcoin Price Analysis
BTC price closed below the 200-day moving average on March 9, indicating stronger seller pressure. This pushed the price down to its recent lows of $76,600 on March 11. The current price is around $82,500, and buyers are attempting to break the 200-day MA resistance. If the $76,000 support zone holds, the price may reach the 20-day MA at $87,735.
Ripple XRP Price Analysis
Following its success since November 2024, the XRP/USDT chart has formed a descending triangle. If the strong $2 support level and lower triangle trendline do not hold, the price may fall to $1.62. However, it is possible to reach the $2.35 level, which corresponds to the 20-day MA, and may act as stiff resistance.
Pi Network and Solana Price Analysis
The PI/USDT pair shows strength after the recent launch of the token. The chart forms a symmetric triangle, and a strong move up from the $1.23 level indicates likely continued growth. As for Solana, its price is in an aggressive downtrend from $296 and has reached the support zone of $110-120. If current support does not hold, the SOL/USDT pair may fall to $80.
The cryptocurrency market continues to demonstrate high volatility. Monitoring key support and resistance levels will help investors make more informed decisions.
