Trump Crypto Strategic Reserve Coins ‘ADA, XRP, SOL’ Dump, Bitcoin Follows

Cryptocurrency merchant was sentenced to a pleasant surprise on March 2 after the US President Donald Trump announced a cryptocurrency strategy, including Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). The news has made a big purchase, with Bitcoin rising from about $ 85,000 to $ 95,000 and Cardano increased by more than 72%. The rest of the Altcoins also had a strong rally.

But Nansen’s major research analyst Aurelie Barthere said that it would take time to establish a US cryptocurrency reserve forces because of the need for voting in Congress. Nicolai SONDERGAARD ​​of the same blockchain analysis company told Cointelegraph that tokens selected as Crypto Reserves in Cointelewraph may witness volatility.

Prior to Trump’s announcement, the emotions of the cryptocurrency were maintained negatively. Coinshares reported last week’s $ 2.9 billion leak from Cryptocurrency Exchange trading. It leaked for three consecutive weeks after the inflow for 19 weeks.

Will the meeting continue after the short cover of the traders and the initial reaction of the purchase? Let’s look at the chart to determine their support and resistance level.

Bitcoin price analysis

Bitcoin fell below the 20 -week index moving average ($ 90,623) last week and fell near the 50 -week simple moving average ($ 75,534), but the long tail of the candlestick showed a solid purchase at a lower level.

The average of upspling looping is an advantage to the buyer, but the negative divergence of the relative robbery index (RSI) suggests that optimistic momentum is weakening. If the price slides under the EMA for 20 weeks, it will inform you of the start of the correction stage that can reach SMA for 50 weeks.

On the contrary, if the price is maintained above the EMA for 20 weeks, the emotions are maintained positively and traders continue to buy dip. This improves the re -test outlook of the highest high to $ 109,588. Rest of $ 109,588 or more can start the next leg to $ 138,000.

The BTC/USDT pairs rose above 20 days on March 2, but Bulls could not maintain higher levels. $ 90,000 to $ 85,000 will attract the solid purchase of The Bulls. If the price rebounds in the support area, the possibility of rally is over $ 100,000.

This positive view continues to lower the price and is invalidated if it is destroyed under the support area. It indicates that the bear is controlled. This pair can fall to $ 78,258 and go to $ 73,777.

Ether price analysis

The ether has been set between $ 2,111 to $ 4,094 over the last few weeks, indicating sales nearby near support and resistance near support.

Both moving average began to collapse, RSI is in a negative area and suggests that there is a bear’s edge. If the price continues to decrease and less than $ 2,111, the deeper fertilization starts $ 1,500.

Conversely, a powerful rebound of $ 2,111 suggests that the bull is actively defending the level. The buyer must promote ETH/USDT pairs more than the moving average to announce the comeback. The pair can then go up to $ 4,094, which can act as a strong barrier.

The pair provided $ 2,111 on March 2 and reached EMA ($ 2,544) on the 20th. If you do not penetrate the EMA on the 20th, it suggests that the bear is selling at the rally. The seller is trying to calm down the pair for less than $ 2,111. If they do so, there is a risk of falling to $ 1,500.

The buyer must go beyond the downward line to signal the comeback. Then this pair can then be attempted at $ 3,750 after $ 3,400.

XRP price analysis

The XRP is struggling to maintain more than $ 3, indicating that bears are defending their level violently.

The 20 -week EMA ($ 2.18) and the RSI in the amniotic area suggest that the buyer is taking advantage of it. The bull must push and keep the price of more than $ 3 to show that the start of the next leg is starting to $ 4 and $ 5.

This optimistic view is denied if the price falls and destroys it under the 20 weeks EMA. There is strong support for $ 2, but when the level collapses, the deeper modification starts $ 1.50.

Bulls exceeded $ 2.84 resistance on March 2, but is struggling to prevent evacuation. This pair dropped to EMA ($ 2.50) on the 20th, which is an important support to be careful. If the price rebounds in the EMA for 20 days, Bulls will try to push the pair back to $ 3.40 again. Rest on this resistance can start the next leg with $ 5.

On the contrary, there is a risk of falling and finishing less than 20 days with a solid support of $ 1.99. The close to less than $ 1.99 is to complete the weakness and shoulder pattern to $ 1.50 and start with $ 1.28.

relevant: Why is Ether Leeum (ETH) rising today?

Solana price analysis

Solana rebounded $ 125, but the relief rally faces sales near SMA for 50 weeks ($ 173).

The 20 -week EMA ($ 191) has begun to refuse, the RSI is just below the middle point and represents the seller. There are some support for $ 157, but if the level is cracked, the SOL/USDT pairs can resume $ 125. Rest and finish of less than $ 125 can sink pairs to $ 80.

If the bull wants to prevent the disadvantages, you need to drive and keep the price of EMA more than 20 weeks. That way, the door is opened for a rally, $ 220, $ 260 for $ 260. More than $ 260 rest and finish can start a new rise.

The pair stood beyond the 20th EMA ($ 167) on March 2, but the bull could not maintain a higher level. This suggests that bears are activated at higher levels. If the price is maintained below the 20 -day EMA, the pair can slip to $ 125.

Conversely, it suggests that a buyer has returned to the game from more than $ 180 rest. The pair can go up to SMA ($ 200) and go up to $ 220 later. Sellers are expected to violently defend the area between $ 240 and $ 260.

Cardano price analysis

Cardano is trying to form a cup and handle pattern on the weekly chart, which is completed at a break and is over $ 1.25.

The 20 -week EMA ($ 0.82) is inclined, the RSI is in a positive area and signals the buyer. If the price is over $ 1.25, the ADA/USDT pair can rise to $ 1.60.

On the contrary, if the price drops and destroys below 20 weeks, the range formation is proposed in the short term. This pair can be swinged between $ 1.25 and 50 weeks for SMA ($ 0.59) for a while.

The pair indicates that the correction may be completed by soaring over the down channel pattern on March 2. But the seller did not give up and brought the price back to the channel. If the price remains inside the channel, it suggests that the market refused to escape. The pair may fall to 50 days SMA ($ 0.85), which is likely to attract buyers.

If the bull wants to maintain this advantage, you need to push the price faster than the resistance line. Then the pair can be gathered for $ 1.25.

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.