Price analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON

) recent fall does not seem to have dented the demand for the spot Bitcoin exchange-traded funds. After five days of successive net outflows last week, demand bounced back sharply with, which was the “fastest growing ETF in the history of ETFs.” Fink added that he was “very bullish on the long-term viability of Bitcoin.”from “40K Bitcoin at the start of 2024 to 213K Bitcoin” on March 26. That could create a “sell-side liquidity crisis” within the next year.

Conversely, if the price turns down sharply and breaks below $3,460, it will suggest that the bears are not willing to give up. The pair may then slip to the 50-day SMA . A slide below this support could start a deeper correction.If the price turns down from the current level, the BNB/USDT pair could reach the 20-day EMA . This remains the critical level to keep an eye on. If the price rebounds off the 20-day EMA, the pair will again attempt to rise above $600 and reach $645.

The next trending move is likely to begin on a break above $0.67 or on a drop below the uptrend line. Above $0.67, the pair could start a rally to the formidable hurdle at $0.74. On the downside, a break below the uptrend line could sink the pair to $0.52.If the price remains below the moving averages, it will signal that the ADA/USDT pair could swing between $0.57 and $0.68 for a while. The flattening 20-day EMA and the RSI near the midpoint suggest a consolidation in the near term.

Alternatively, if the price breaks below the pennant, it will suggest that the bears have overpowered the bulls. There is strong support at $50, but if this level gives way, the pair could tumble to the 50-day SMA .The SHIB/USDT pair is likely to rise to $0.000035 where the bears are again expected to mount a strong defense. A break above this level could open the doors for a possible rise to $0.000039.

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