Technical Analysis March 29: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, AVAX

Bitcoin continues to drift away from the important threshold of $90,000, reflecting weakened buying power at high price levels. Investors seem to be concerned about the new round of U.S. trade tariffs along with increasing inflationary pressures, especially after the U.S. personal consumption expenditures (PCE) data exceeded expectations.

The price prospects of Bitcoin in 2025 remain controversial. According to data from the prediction platform Polymarket, shared by analyst Ashwin, the most pessimistic price for Bitcoin in 2025 could be $59,040, while the most optimistic scenario could reach $138,617.

Despite the short-term uncertainty, Real Vision's cryptocurrency analyst, Jamie Coutts, remains optimistic. He shared that Bitcoin could set a new peak above $109,000 before the end of Q2. Coutts believes that the lack of clarity regarding U.S. tariff policy and concerns about economic recession are unlikely to hinder Bitcoin's potential upward trend.

So, what are the important support levels to watch for Bitcoin and the top altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find the answer.

Technical Analysis of BTC

Bitcoin has reversed down from the resistance level and broken below the 20-day exponential moving average (EMA) at $85,765 on March 28.

Daily BTC/USDT Chart | Source: TradingViewThe bears will try to pull the price below the nearest support level at $83,000. If successful, the BTC/USDT pair could slide down to $81,000 and then to $80,000. Buying pressure is expected to be very strong in the support zone from $76,606 to $80,000.

To signal the end of the correction phase, the bulls need to push the price above the resistance line and maintain this level. If Bitcoin closes above the (SMA) 50-day simple moving average at $89,346, the pair could rise to $95,000 and eventually reach the psychological level of $100,000.

Technical Analysis of ETH

Ether has dropped from the breakout level of $2,111 and fell below the 20-day EMA at $2,032, indicating that the bears still control the market.

ETH/USDT daily chart | Source: TradingViewSellers will look to pull the ETH/USDT pair back to the support zone from $1,800 to $1,754. The bulls are expected to defend this zone fiercely, as a drop below could continue the downtrend with the next target being $1,550.

Conversely, to weaken the downward momentum, buyers need to push the price above $2.111. The SMA 50 at $2.293 could act as an important resistance level, but if broken, the pair could rise to $2.550.

Technical Analysis of XRP

XRP has reversed and broken below the moving averages on March 26, indicating that the bears are still selling at every small rally.

XRP/USDT Daily Chart | Source: TradingViewSellers will look to push the price down to the important support level at $2. Bulls are expected to defend this level with strong buying pressure, as a break below would complete the bearish head and shoulders pattern, pushing the XRP/USDT pair down to $1.27.

On the contrary, a strong bounce from the $2 support could cause the pair to continue trading within the triangle pattern for a while longer. The bulls will regain an advantage if the price breaks out and closes above the resistance line.

Technical Analysis of BNB

BNB has been trading in the range between the moving averages and the resistance level of $644 over the past few days.

Daily BNB/USDT Chart | Source: TradingViewThe 20-day EMA is sloping up ($618) and the RSI indicator is in the positive zone, indicating a slight advantage for the bulls. If the price strongly bounces off the moving averages, the likelihood of a breakout above $644 will increase, potentially pushing the BNB/USDT pair up to $686.

Conversely, if the price continues to decline and breaks below the moving averages, it will signal that the bulls have lost their advantage. At that point, the currency pair could drop to the Fibonacci retracement level of 38.2% at $591.

Technical Analysis of SOL

Solana broke below the 20-day EMA on March 28, ($136), indicating that demand from the bulls is weakening.

Daily SOL/USDT chart | Source: TradingViewSellers will attempt to pull the price back to the support range of $120-$110. Bulls are expected to defend this area strongly, as a break below could lead to a continued downtrend towards $80.

Conversely, the 50 SMA at $153 is an important resistance level to watch. If the price breaks above the 50 SMA, it could signal that the SOL/USDT pair has formed a bottom at $110, opening up the opportunity to rise to $180.

Technical Analysis of DOGE

Dogecoin has reversed from the SMA 50 ($0.21) on March 26, indicating that market sentiment remains negative.

Daily DOGE/USDT Chart | Source: TradingViewThe 20-day EMA line is nearly flat ($0.18) and the RSI indicator is just below the average level, suggesting that price action may remain sideways in the near term. The DOGE/USDT pair could fluctuate within the range of $0.14 to the 50-day SMA.

If the price bounces from the current level and breaks above the 50-day SMA, it will signal that the bulls are trying to establish a higher low, increasing the likelihood of a breakout. If successful, the currency pair could rise to $0.24 and then to $0.29.

Technical Analysis of ADA

The inability of Cardano (ADA) to maintain above the 50-day moving average (SMA) at $0.75 may have led short-term investors to take profits.

ADA/USDT Daily Chart | Source: TradingViewThe ADA/USDT pair may slide down to the uptrend line, where bulls are expected to step in. If the price bounces off this trend line, the bulls will once again attempt to push the pair above the 50-day SMA. If successful, this pair could rise to $0.84 and then to $1.02.

Conversely, if the price breaks and closes below the uptrend line, it indicates that the bears have taken control. At that point, ADA could drop to the support area of $0.58-$0.50, where new buying pressure may emerge.

Technical Analysis of TON

Toncoin (TON) has surged from the 20-day exponential moving average (EMA) at $3.54 on March 26 and reached the resistance level of $4.14 on March 27.

Daily chart of TON/USDT | Source: TradingViewThe 20-day EMA is trending upwards and the relative strength index (RSI) is in the positive zone, indicating that the advantage lies with the bulls. If the price maintains above the current level or bounces off the 20-day EMA, the likelihood of breaking through the $4.14 level will increase. At that point, TON could advance to $5.

This positive outlook will be invalidated if the price breaks below the moving averages. The nearest support level is at $3.32, but if this level is breached, the TON/USDT pair could slide down to $2.81.

Technical Analysis of LINK

Chainlink (LINK) has decreased from the 50-day SMA at $15.96 on March 28 and has broken below the 20-day EMA at $14.76, indicating that the bears are selling as the price recovers.

Daily chart of LINK/USDT | Source: TradingViewIf the price stays below the 20-day EMA, bears will try to solidify their position by pulling the LINK/USDT pair down to the support line. A break and close below the support line could push the price down to $10.

However, the bulls may have other plans. They will quickly attempt to halt the downward trend and push the price above the 50-day SMA. If successful, LINK could rise to $17.70 and then face significant resistance.

Technical Analysis of AVAX

Avalanche (AVAX) cannot maintain above the 50-day SMA at $21.93, indicating strong selling pressure from bears at higher price levels.

Daily chart of AVAX/USDT | Source: TradingViewThe 20-day EMA at $20.51 is an important support level to watch. If the price closes below this level, the AVAX/USDT pair may drop to $18. The bulls are expected to defend the $18 level, but if the bears prevail, AVAX may test the important support level at $15.27.

The first bullish signal will occur when the price breaks out and closes above the 50-day SMA, indicating strong buying pressure in the lower price range. At that point, AVAX could recover to the resistance zone from $25.12 to $27.23.

You can check the coin price here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

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