Daily Crypto Market Analysis

March 15/2022

ADA/USD

Across all time frame cardano extend sideways price action along $0.7 support. However if the market volatility should cardano could extend bullish rally to the north.

BTC/USD

The overall price movement of BTC remain neutral after the market was assumed to have lack momentum. However if volatility should rise BTC/USD could hit near term support at $35189.

ETH/USD

While market volatility continue to shrink Ethereum tends to trade sideways as the value of the asset aims to hit immediate support at $2315. Also from an indicator analysis viewpoint ethereum trade below the 50 and 200 MA which is a good indicator that the ETH/USD market will plunge further.

LINK/USD

From the hourly chart LINK/USD trade with a bullish price action as the value of the asset aim to hit immediate resistance at $13.6.

LTC/USD

From the hourly chart litecoin is on the move towards hitting Immediate resistance at $107. However, if price should surge farther above 107 the all round price action of Litecoin will resume bullish rally to the north.

SHIB/USD

After plunging below support In the previous session Shiba Inu lack bearish momentum as the value of the asset aim to retest the previous support that turns into resistance.

XLM/USD

From the 1-hour chart stellar price surge to the north after plunging below $0.18 in the prior trading session.