Cryptocurrency

Cardano

Dogecoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-analysis-of-altcoins-and-their-potential-moves/" data-wpel-link="internal">Insights on Cryptocurrency Market: Analysis of Altcoins and Their Potential Moves</a><br></p>
<p class="p1" style="text-align: justify">In the cryptocurrency market, altcoin projects are gaining momentum under the leadership of <a href="https://en.coin-turk.com/the-current-state-of-the-crypto-market-what-to-expect/" data-wpel-link="internal">Bitcoin</a>. During this period, even though blockchain ecosystems and meme coin projects are somewhat overshadowed by artificial intelligence projects, they continue to please their investors. So, what is expected for <strong>SOL</strong>, <a href="https://coin-turk.com/07-dolar-fiyatiyla-ilk-10da-bulunan-altcoin-1-dolara-yuruyor-mu" data-wpel-link="internal">ADA</a>, DOGE, and SHIB in the coming period? We examine this with detailed chart analyses.</p> 
<h2 class="p1" style="text-align: justify" id="solana-chart-analysis">Solana Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Bears are trying to initiate a correction in Solana, but the bulls have no intention of easing up. The shallow pullback once again indicates a lack of sellers. Buyers will try to take advantage of the situation and push the price above $153 to strengthen their positions. If they succeed, the <strong>SOL/<a href="https://coin-turk.com/alanindaki-en-buyuk-altcoinden-devasa-kazanc-aciklamasi" data-wpel-link="internal">USDT</a></strong> pair may continue its uptrend. The pair could then rise to $184.</p> 
<p class="p1" style="text-align: justify">If bears want to block the upward movement, they need to quickly pull the price below the $126 breakout level. This could accelerate sales and open the doors for a drop to the 50-day SMA average of $110.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325961 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/sol-1.webp" alt="" width="1315" height="805"></p> 
<h2 class="p1" style="text-align: justify" id="cardano-chart-analysis">Cardano Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Cardano retreated to the $0.68 breakout level on March 11th, but the long wick on the candlestick indicates strong buying at lower levels. The rising 20-day EMA average of $0.68 and the RSI in the positive zone suggest that the path of least resistance is upwards.</p> 
<p class="p1" style="text-align: justify">Buyers will try to lift the price to the March 4th high of $0.80. If this level is surpassed, the <strong><a href="https://en.coin-turk.com/major-fintech-company-revolut-delists-cardano-polygon-and-solana/" data-wpel-link="internal">ADA</a>/USDT</strong> pair could extend the rally to $0.90 and then to $1.25. This positive view will become invalid in the near term if the price falls and goes below $0.68. This would indicate a bearish reversal. The pair could then risk falling to the 50-day SMA average of $0.59.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325960 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/ada-3.webp" alt="" width="1315" height="805"></p> 
<h2 class="p1" style="text-align: justify" id="dogecoin-chart-analysis">Dogecoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Bulls are fighting bears to keep Dogecoin above the $0.16 breakout level. The rising 20-day EMA average of $0.14 and the RSI in the overbought zone indicate that bulls have the upper hand. If buyers push and maintain the price above $0.18, the <strong>DOGE/USDT</strong> pair could retest $0.21 and then rise to $0.26.</p> 
<p class="p1" style="text-align: justify">Conversely, if the price drops below $0.16, it will indicate that bulls have given up. The pair could fall to the 20-day EMA average, which remains a critical level to watch. A break below this support could initiate a deeper correction to $0.12.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-325959 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-1.webp" alt="" width="1315" height="805"></p> 
<h2 class="p1" style="text-align: justify" id="shiba-inu-chart-analysis">Shiba Inu Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong><a href="https://en.coin-turk.com/shiba-inu-expands-its-ecosystem-with-shibarium-layer-2-and-new-projects/" data-wpel-link="internal">Shiba</a> Inu</strong> is consolidating in a wide range between $0.000029 and $0.000039 after a sharp rally. The range-bound movement is correcting the overbought levels on the RSI and indicates that the bullish momentum is cooling off. The SHIB/USDT pair may continue to trade within this range for some time.</p> 
<p class="p1" style="text-align: justify">If the price falls below the range, the pair could drop to the very important level to watch, the 20-day EMA average. A break below this level would turn the advantage in favor of the bears. Conversely, a break above $0.000039 would signal that bulls are back in command. The pair could then rise to $0.000046. If this level is surpassed, the rally could reach $0.000065.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-325957 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/shib-4.webp" alt="" width="1315" height="805"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-analysis-of-altcoins-and-their-potential-moves/" data-wpel-link="internal">Insights on Cryptocurrency Market: Analysis of Altcoins and Their Potential Moves</a></h5>

Insights on Cryptocurrency Market: Analysis of Altcoins and Their Potential Moves

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