bullish

Solana

April

Over the last seven weeks, Bitcoin has maintained a downtrend, following its $109,000 peak in late January which occurred prior to President Trump's inauguration.&nbsp;Market intelligence platform Santiment&nbsp;<a href="https://insights.santiment.net/read/is-the-sky-falling-8520?utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=twitter_is_the_sky_falling_insight_b_031025/&amp;fpr=twitter" rel="noopener noreferrer nofollow">reports</a> that the Bitcoin experienced steeper price drop-offs after key stakeholders began to take profit on February 19.&nbsp;&nbsp;According to data from&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">Coinmarketcap</a>, the total cryptocurrency market cap stands at $2.68 trillion (at the time of writing), reflecting a 1.29% increase. The market’s trading volume also dropped by 25.46% to $119.6 billion, all in the past 24 hours, with Bitcoin maintaining a 61.08% market dominance.&nbsp;&nbsp;<figure class="image"><img src="https://storage.bsc.news/5/Screenshot_2025_03_12_at_12_39_33_3e963c2050.webp" alt="Map of crypto's biggest gainers" width="undefined" height="undefined"><figcaption>Crypto market live chart. Source: Coin360</figcaption></figure>While Bitcoin’s short-term direction remains uncertain, the long-term prospects remain promising for investors. In this article, we’ll analyze the bitcoin chart for crucial support and resistance levels, alongside XRP, PI, and SOL.&nbsp;<h2 id="span-span-bitcoin-btc-price-analysis-span-span">Bitcoin BTC - Price Analysis</h2><a href="https://bsc.news/post/what-is-bitcoin-how-it-works-mining-digital-gold-guide" rel="noopener noreferrer nofollow">BTC</a> price closed below the 200-day MA (Moving Average) on March 9, indicating higher seller strength of the risk-on asset. This pushed the price further down to its most recent lows of $76,600 on March 11.&nbsp;&nbsp;<figure class="image"><img src="https://storage.bsc.news/5/Screenshot_2025_03_12_at_12_39_47_ecfc324944.webp" alt="Bitcoin BTC Price Data" width="undefined" height="undefined"><figcaption>BTC/USDT daily chart. Source: TradingView</figcaption></figure>The bulls, however, have defended that lower descending channel trendline, reversing price to its current $82,500 levels (at the time of writing) where it faces struggle to break the 200-day MA resistance.&nbsp;Buyers could try to push through toward the 20-day MA ($87,735) in the coming days, if the $76,000 support zone is well-defended.&nbsp;<h2 id="span-span-strong-ripple-xrp-price-analysis-strong-span-span">Ripple XRP - Price Analysis</h2>Following its recent heroics since November 2024, the XRP/USDT chart has formed a descending triangle. Price has continued to slump below the 20-day MA (Moving Average), indicating that bears have an edge.&nbsp;<figure class="image"><img src="https://storage.bsc.news/5/Screenshot_2025_03_12_at_12_40_02_d432326bbf.webp" alt="XRP Price Data" width="undefined" height="undefined"><figcaption>XRP/USDT daily chart. Source: TradingView</figcaption></figure>If the $2 strong support level, which doubles up as the triangle lower trendline, fails to hold, bears could cruise all the way down to $1.62. However, a bullish reversal looks imminent as the XRP price looks to be heading toward $2.35 (20-day MA).&nbsp;This area will likely act as stiff resistance, but if price closes and holds above it, XRP could breakthrough the upper triangle trendline in the coming days.&nbsp;<h2 id="span-span-strong-pi-network-pi-price-analysis-strong-span-span">Pi Network PI - Price Analysis</h2>The <a href="https://bsc.news/post/what-is-pi-network-cryptocurrency-mobile-mining-guide" rel="noopener noreferrer nofollow">PI</a>/USDT pair has continued to show strength following the&nbsp;<a href="https://bsc.news/post/what-is-pi-network-cryptocurrency-mobile-mining-guide" rel="noopener noreferrer nofollow">token’s</a> recent launch. Being a new token, it’s best to analyze it on a lower time-frame.&nbsp;&nbsp;<figure class="image"><img src="https://storage.bsc.news/5/Screenshot_2025_03_12_at_12_40_14_2afdf1f1e3.webp" alt="Pi Network PI Price Data" width="undefined" height="undefined"><figcaption>PI/USDT 4-hour chart. Source: TradingView</figcaption></figure>The chart has formed a symmetric triangle, with buyers having pushed the price off its March 9 lows of $1.23. Today, price has broken through the upper trendline of the triangle, indicating bullish momentum.&nbsp;Buyers will need to act fast if they must push price toward $2, and eventually the all-time high. A reversal in global market sentiment will definitely help buyers in their quest.&nbsp;<h2 id="span-span-strong-solana-sol-price-analysis-strong-span-span">Solana SOL - Price Analysis</h2><a href="https://bsc.news/post/solana-blockchain-ecosystem-deep-dive" rel="noopener noreferrer nofollow">Solana</a> price has been on an aggressive downtrend since its $296 peak on January 19 and has recently retraced to its strong support area of $110-120. This support zone has been tested at least 6 times since April 2024.&nbsp;<figure class="image"><img src="https://storage.bsc.news/5/Screenshot_2025_03_12_at_12_40_35_ddabccedcc.webp" alt="Solana SOL price data" width="undefined" height="undefined"><figcaption>SOL/USDT daily chart. Source: TradingView</figcaption></figure>It is worth mentioning that the more a support or resistance zone gets tested, the weaker it becomes. Bulls are expected to defend this area and push price toward the 20-day MA (moving average) at $144 and potentially to the 200-day MA of $184.&nbsp;If the current support level fails to hold, the SOL/USDT pair will be at risk of further breakdown toward the $80 levels.&nbsp;

Latest Price Analysis: Bitcoin, XRP, PI, SOL

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