The cryptocurrency market has been volatile in recent weeks, with notable shifts for Bitcoin, XRP, PI, and Solana. Let's explore the key support and resistance levels for these assets.
Bitcoin (BTC) - Price Analysis
Bitcoin's price fell below the 200-day moving average on March 9, indicating seller dominance. This pushed the price to recent lows of $76,600. Buyers are trying to stabilize the market by lifting the price to $82,500 but face resistance at the 200-day MA.
Ripple (XRP) - Price Analysis
Following its recent increases since November 2024, the XRP/USDT chart has formed a descending triangle. If the $2 support fails, the price may drop to $1.62. A bullish reversal is likely if the price reaches $2.35.
Pi Network (PI) - Price Analysis
The PI/USDT pair has shown strength after the recent token launch. The chart formed a symmetrical triangle, and the price broke through its upper trendline, indicating bullish momentum.
The cryptocurrency market remains volatile. Investors should watch key support and resistance levels to make informed decisions.
