Cardano

Bitcoin

Show

Dogecoin

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-spearheads-market-advance-while-altcoins-show-resilience" rel="noopener noreferrer nofollow">Bitcoin Spearheads Market Advance While Altcoins Show Resilience</a><br></p>
<p style="text-align: justify">The cryptocurrency market is experiencing a dynamic phase, with <a href="https://en.bitcoinhaber.net/bitcoin-breaks-52000-barrier-with-high-investor-expectations" rel="noopener noreferrer nofollow">Bitcoin</a> at the helm of growth and a noticeable influx of capital into the altcoin sector. Various altcoin projects have been rewarding their investors as the market shows signs of vitality. This abstract delves into analytical insights on the performance of major altcoins such as <a href="https://en.bitcoinhaber.net/expert-analyst-predicts-explosive-upward-movement-for-solana-amidst-crypto-market-fluctuations" rel="noopener noreferrer nofollow">Solana</a>, Cardano, and Dogecoin, examining their chart movements, support and resistance levels, and market sentiment.</p>
<h2 id="solana-s-market-position-and-potential">Solana’s Market Position and Potential</h2>
<p style="text-align: justify">Solana, after soaring past the $126 resistance mark on March 1st, faces challenges in maintaining its climb, suggesting a potential faltering demand at raised price points. Stability above $126 could spur a trend reversal, with a climb over $138 possibly leading to peaks of $143 and even $158. However, any slip below $126 could see a retreat to the 20-day EMA of $116, with sellers needing to break this level to indicate a false breakout and potentially prompt a drop towards the 50-day SMA of $104.</p>
<h2 id="cardano-s-uptrend-and-bullish-tenacity">Cardano’s Uptrend and Bullish Tenacity</h2>
<p style="text-align: justify">Cardano has embarked on a new upward trajectory after buyers conquered the $0.68 barrier on March 1st. Despite bearish attempts to undercut this advance on March 3rd, the bulls have showcased determination by purchasing during pullbacks. The ascent is anticipated to reach $0.90, with further potential to surge to $1.25, although bulls might face stiff resistance at this high point. The RSI has breached 80, hinting at an overstretched rally. A pivotal support at the 20-day EMA of $0.64 is crucial, with a break signaling a potential shift in control to the bears, possibly leading to a decline towards the 50-day SMA of $0.56.</p>
<h2 id="dogecoin-s-bullish-momentum-and-support-levels">Dogecoin’s Bullish Momentum and Support Levels</h2>
<p style="text-align: justify">Dogecoin has demonstrated notable bullish momentum in recent days. Despite bearish pressure on March 3rd, a sharp rebound indicates strong buying interest. As bulls propel the DOGE/<a href="https://en.bitcoinhaber.net/hong-kongs-tight-grip-the-implications-of-new-stablecoin-regulations" rel="noopener noreferrer nofollow">USDT</a> pair beyond the $0.16 resistance on March 4th, a climb to $0.18, and perhaps $0.22, seems feasible. However, the RSI’s dive into the overbought zone could signal a period of consolidation or correction. Key supports to monitor include $0.16 and $0.12, the breach of which could herald the end of the uptrend.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-spearheads-market-advance-while-altcoins-show-resilience" rel="noopener noreferrer nofollow">Bitcoin Spearheads Market Advance While Altcoins Show Resilience</a></h5>

Bitcoin Spearheads Market Advance While Altcoins Show Resilience

Table of Contents

BH NEWS

Other articles published on Mar 4, 2024

Bitcoin, Ethereum Move Lower; SATS, Mantle Among Top Losers

Bitcoin’s Record High Correlates with Tether’s Latest USDT Issuance

What are Full Send and Ace Cash? Everything You Need to Know

Record $16 Million CryptoPunk Purchase Shakes Up NFT Market

Dogecoin Whales Move 245M DOGE Amid ETF Speculations, Price To Hit $0.2?

Cardano On-Chain Fundamentals Point To Massive Rally, Is $10 Possible?

Join our free newsletter for daily crypto updates!