In recent weeks, the cryptocurrency market has shown volatile dynamics. Let's look at the technical analysis of key assets: Bitcoin, XRP, PI, and Solana to understand their current positions and potential.
Bitcoin Price Analysis
Bitcoin closed below the 200-day moving average on March 9, indicating increased seller strength. The price reached a new low at $76,600 before bulls partially recovered losses to $82,500. Buyers could aim to push the price toward the 20-day moving average ($87,735) in the coming days.
Ripple XRP Price Analysis
Since its achievements in November 2024, XRP has formed a descending triangle, remaining below the 20-day moving average. If the $2 support level fails, the price could drop to $1.62. However, a bullish reversal appears imminent if the price surpasses $2.35, potentially breaking the upper triangle line.
Pi Network Price Analysis
Following its recent launch, PI continues to exhibit bullish momentum, breaking above the upper trendline of the symmetric triangle on the chart. Buyers need to act quickly to reach $2 and possibly achieve a new all-time high.
Solana Price Analysis
Solana's price has been on a downtrend since hitting a peak at $296. The market is testing the support zone between $110-120. If this zone breaks, the SOL/USDT pair could decline to the $80 level.
Markets continue to be influenced by various factors. Investors should pay attention to key levels and overall market dynamics when making decisions.
