Ethereum

Rally

Solana

Bonk

BlackRock

Crypto Price Prediction: The cryptocurrency market has been notably bearish this week following the lead of <a href="https://coingape.com/bitcoin-crash-why-btc-price-falling-today/" rel="noopener noreferrer nofollow">Bitcoin price</a> correction below $70000. The market-wide correction accelerated further as spot BTC ETFs witnessed a notable outflow in the last two days.
As recently highlighted by Wu Blockchain, Bitcoin spot ETFs saw a substantial net outflow on March 19, totaling US$326 million. Notably, the Grayscale ETF GBTC experienced a single-day net outflow of US$443 million. In contrast, the Bitcoin spot ETF recording the largest net inflow on the previous day was BlackRock ETF IBIT, which saw a modest inflow of US$75.23 million.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 On March 19, the total net outflow of Bitcoin spot ETF was US$326 million, with net outflows lasting two days. Grayscale ETF GBTC had a single-day net outflow of US$443 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a… <a href="https://t.co/jkk3swoF7E" rel="noopener noreferrer nofollow">pic.twitter.com/jkk3swoF7E</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1770311728636817816?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
However, the BTC price correction paused at $60000 triggering a new relief rally in the crypto market.
Also Read: <a href="https://coingape.com/markets/bitcoin-ethereum-bleed-as-5-crypto-to-buy-standout-with-100x-potential/" rel="noopener noreferrer nofollow">Bitcoin, Ethereum Bleed As 5 Crypto To Buy Standout With 100X Potential</a>
<h2 id="b-1-ethereum-eth-b">1)Ethereum(ETH)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/b/bGVRR9Ii.png" alt="BINANCE:ETHUSD Chart" width="1946" height="937">
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 Ethereum(ETH)| Tradingview
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<a href="https://coingape.com/ethereum-price-risks-24m-collateral-liquidation-if-eth-falls-to-this-level/" rel="noopener noreferrer nofollow">Ethereum(ETH)</a> is a decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and run without any downtime, fraud, control, or interference.
With a market cap of $387 Billion, Ethereum stands as the second largest cryptocurrency and is currently valued at $3226. Amid the recent market correction, the <a href="https://coingape.com/markets/ethereum-price-prediction-is-smart-money-buying-or-selling-eth-at-3300/" rel="noopener noreferrer nofollow">ETH price</a> witnessed a sharp reversal from the $4082 high and plunged 22.8% to retest the 50% retracement level.
This healthy retracement uplifted, the altcoin by 2.27% sparking a fresh relief rally for crypto holders. The new-found pressure could bolster buyers to rechallenge the overhead resistances at $3340, followed by $3640.
Conversely, if the correction trend prolongs, the <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> may seek support at the $2900 and $2700 mark.
Also Read: Spot <a href="https://coingape.com/grayscale-to-include-staking-in-ethereum-etf-proposal/" rel="noopener noreferrer nofollow">Ethereum ETF: Grayscale to Include Staking in Ethereum ETF Proposal</a>
<h2 id="strong-2-solana-sol-strong">2)Solana(SOL)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/u/uiPm6FGH.png" alt="BINANCE:SOLUSDT Chart " width="1946" height="937">
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 Solana(SOL)| Tradingview
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<a href="https://coingape.com/solana-co-founder-urges-users-to-stop-sending-funds-in-presales/" rel="noopener noreferrer nofollow">Solana (SOL)</a> is renowned for its high-speed blockchain, offering fast transaction times and low fees, making it an attractive platform for decentralized apps and crypto games. In the first half of March, the <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">Solana price</a> witnessed a notable inflow which propelled its market value from $140 to $210 registering nearly 50% growth.
However, the wide-market correction plunged the SOL price 17.7% to currently trade at the $173 mark. As of the latest update, Solana coin is positioned as the 5th largest cryptocurrency with a market cap of $77.1 billion, while the 24-hour trading volume is at $9.3 billion.
An analysis of the daily chart shows, that the <a href="https://coingape.com/trending/top-3-solana-memecoin-with-100x-potential/" rel="noopener noreferrer nofollow">SOL price</a> may have witnessed high demand pressure at $162- a level coinciding with the 23.6% Fibonacci retracement level and 20-day EMA.
If the renewed buying interest uplifts the altcoin higher, the coin buyers must watch for a key resistance level at $178, followed by $204.
Also Read: <a href="https://coingape.com/solana-price-to-rally-70-as-sol-defies-sell-signal-analyst-predicts/" rel="noopener noreferrer nofollow">Solana Price To Rally 70% As SOL Defies Sell Signal, Analyst Predicts</a>
<h2 id="b-3-bonk-b">3)BONK&nbsp;</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/o/osw60sLw.png" alt="BINANCE:BONKUSDT Chart " width="1946" height="937">
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 BONK| Tradingview
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<a href="https://coingape.com/sponsored/bonk-bonk-price-drops-as-bonk-rival-rallies-420-investors-shift-bags-to-keep-the-profits-going/" rel="noopener noreferrer nofollow">BONK</a> is positioned as a community-centric token within the Solana ecosystem, aiming to rejuvenate liquidity in Solana-based decentralized exchanges (DEXs). The asset quickly gained attention for its community-focused approach and meme-driven value.&nbsp;
By the press time, the Bonk price is trading at $0.0000265, with its market cap at $1.47 and a 24-hour trading volume of $302 Million.
The ongoing correction in the <a href="https://coingape.com/price/bonk/" rel="noopener noreferrer nofollow">BONK price</a> can be followed using a falling wedge pattern in the daily chart. Under the influence of this pattern, the memecoin fell from a March 3rd high of $0.000048 to a low of $0.0000195 accounting for a nearly 60% loss.
For buyers to regain control of this asset, the price must break the pattern’s overhead trendline which could lead to a recovery rally to $0.0000367, followed by $0.000048.
<h3 id="span-style-font-weight-400-takeaway-span">Takeaway</h3>
The cryptocurrency market is currently in an active correction trend with most major coins witnessing a notable downswing in the daily chart. However, with the BTC price resilience above $60000, the top altcoins followed with a bullish rebound and spark for a fresh relief rally.
The post <a href="https://coingape.com/markets/crypto-price-prediction-top-altcoins-btc-holds-60k/" rel="noopener noreferrer nofollow">Crypto Price Prediction: Top Altcoins Rebound As BTC Holds Above $60k</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction: Top Altcoins Rebound As BTC Holds Above $60k

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