The post Crypto Market Live: BTC, ETH, XRP, ADA, SOL Price Analysis for Today! appeared first on Coinpedia Fintech News
The impact of the FOMC meeting, which kept the rates unchanged, seemed to have waned as the cryptos dropped and reached their initial levels. Besides, Bitcoin holds strong, which seems to be moving with the US stocks. Although US President Trump did not announce any new executive orders in his speech at the Digital Asset Summit, he has urged Congress to pass the stablecoin legislation bill. On the other hand, $1.83 billion in Bitcoin and $260 million in Ethereum options are set to expire today. Hence, the markets are expected to exhibit high volatility ahead.
Bitcoin Price Analysis for Today: March 21, 2025
- Bitcoin price in the short term is trading within a rising parallel channel and after a rejection from the resistance, the bulls are trying to rise above the average bands
- The stochastic RSI has reached the lower threshold and seems to be preparing for a rebound, which could offer a significant push
- However, the buying pressure currently has dried up, which could hinder the progress of the rally and as a result, a drop below $83,000 could be possible
Ethereum Price Analysis for Today: March 21, 2025
- The ETH price witnessed a minor upswing in the past couple days, which elevated the levels above $2000, which was short-lived
- However, the price is holding an interim ascending trend line and with a drop in the buying pressure, a breakdown may occur anytime from now
- After failing to surpass the 50-day MA, the 200-day MA in the short term at $1930 could offer a strong base if it fails to hold a support zone between $1952 and $1957
Ripple (XRP) Price Analysis for Today: March 21, 2025
- The short-term price action of XRP suggests the token is stuck within a descending parallel channel
- As the XRP price is consolidating around the average levels, the possibility of a bullish push to $2.5 and a bearish action to $2.37, both remain active
- The MACD displays a drop in selling pressure but the volume has dropped heavily, which could keep the next price action uncertain
Cardano (ADA) Price Analysis for Today: March 21, 2025
- Cardano price remains largely stable between the predetermined resistance and support levels between $0.756 and $0.688
- While the stochastic RSI is about to reach the lower threshold and the MACD displays a drop in the buying pressure
- Therefore, the ADA price, which is stuck at the average, may either rise to $0.717 or, if the bears outpower the bulls, a drop to $0.688 could be imminent
Solana (SOL) Price Analysis for Today: March 21, 2025
- The SOL price has displayed magnificent strength in the past week as the token is constantly forming higher highs and lows
- Meanwhile, the price has failed to rise back above the 200-day MA which displays a drop in the bullish strength
- On the other hand, stochastic RSI is approaching the upper threshold; hence, a rise to the overbought zone may help the price to reclaim $130, or else the prevailing consolidation may extend.
