Cryptocurrency

Bitcoin

Momentum

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-trends-bitcoin-leads-as-altcoins-gain-momentum/" data-wpel-link="internal">Cryptocurrency Market Trends: Bitcoin Leads as Altcoins Gain Momentum</a><br></p>
<p class="p1" style="text-align: justify">The cryptocurrency market, led by <a href="https://en.coin-turk.com/bitcoins-maximum-21-million-supply-90-of-it-is-already-mined/" data-wpel-link="internal">Bitcoin</a>, continues to experience significant developments. During this period, there is a notable flow of money into the altcoin market, and many altcoin projects keep their investors happy. So, what is happening on the fronts of <strong>Solana,</strong> Cardano, and <a href="https://coin-turk.com/cilgina-donduler-bitcoin-litecoin-ve-dogecoin" data-wpel-link="internal">Dogecoin</a> during this process? We examine with detailed chart analysis and key support and resistance levels.</p> 
<h2 class="p1" style="text-align: justify" id="solana-chart-analysis">Solana Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Solana</strong> closed above the $126 resistance on March 1st, but bulls are struggling to maintain momentum. This indicates a lack of demand at higher levels. If the price remains above $126, the likelihood of a renewed uptrend increases. If buyers surpass the $138 level, the SOL/<a href="https://coin-turk.com/tcmbden-onemli-dolar-talimati-kripto-paralar-da-bundan-etkilenecek-mi" data-wpel-link="internal">USDT</a> pair is likely to rise to $143 and then to $158.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322948 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/solana-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p1" style="text-align: justify">Contrary to this assumption, if the $126 level is breached, the pair could fall to the 20-day EMA average of $116. Bears will have to push the price below the 20-day EMA average to argue that the break above $126 was a false move. The pair could then drop to the 50-day SMA average of $104.</p> 
<h2 class="p1" style="text-align: justify" id="cardano-chart-analysis">Cardano Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Cardano</strong> started the next leg of its uptrend after buyers overcame the $0.68 resistance on March 1st. Bears tried to pull the price below the breakout level on March 3rd, but bulls held their ground. This shows strong buying on dips.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322947 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/ada-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p1" style="text-align: justify">The upward move is expected to reach $0.90, where bears are likely to mount a strong defense. If momentum remains strong and buyers push towards $0.90, the rise could extend to $1.25. Bulls may struggle to surpass this level.</p> 
<p class="p1" style="text-align: justify">The RSI level has risen above 80, indicating the rally may be at risk of stalling. The 20-day EMA average of $0.64 continues to be the key support to watch on the downside. A break and close below this level would signal the bulls losing control. The <a href="https://en.coin-turk.com/cardanos-harsh-freefall-amidst-altcoin-market-crash-whats-next/" data-wpel-link="internal">ADA</a>/USDT pair could then fall to the 50-day SMA average of $0.56.</p> 
<h2 class="p1" style="text-align: justify" id="dogecoin-chart-analysis">Dogecoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Dogecoin has been on a strong bullish run over the past few days. Bears attempted to lower the price on March 3rd, but the long tail of the candlestick indicates aggressive buying by the bulls.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322946 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p1" style="text-align: justify">Bulls continued the uptrend by pushing the <a href="https://en.coin-turk.com/dogecoin-price-analysis-long-term-holders-boost-confidence-for-future-price-increases/" data-wpel-link="internal">DOGE</a>/USDT pair above the general resistance of $0.16 on March 4th. This opens the door to a possible rise to $0.18 and then to $0.22. The sharp rise has sent the RSI level into the depths of the overbought zone, suggesting a consolidation or correction could be imminent.</p> 
<p class="p1" style="text-align: justify">The first support on the downside is $0.16, followed by $0.12. Breaching this support could signal the end of the uptrend.</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/cryptocurrency-market-trends-bitcoin-leads-as-altcoins-gain-momentum/" data-wpel-link="internal">Cryptocurrency Market Trends: Bitcoin Leads as Altcoins Gain Momentum</a></h5>

Cryptocurrency Market Trends: Bitcoin Leads as Altcoins Gain Momentum

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