shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin exchange-traded funds for four straight days, according to, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
The downside support is at $60,775, followed by the 50-day SMA . Buyers are expected to defend this zone with vigor.) snapped back from the 50-day SMA on March 20, but the bulls could not push the price above the 20-day EMA .The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.) bounced off the uptrend line on March 20 and rose above the 20-day EMA on March 21, signaling buying at lower levels.If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.The marginally rising 20-day EMA and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.