March 3 Sol Coin, XRP, Cardano, Binance Coin, And Ethereum, Price Analysis

It’s going to go lower and lower into Solana, Binance Coin, Cardano, Ripple, and Ethereum this week.

Ethereum (ETH)

Ethereum’s price dropped by 5% in the past week as the market experienced a significant collapse last night. As a result, the price found its way back to the $1,550 level, which has been acting as key support so far.

The buyers are being put under a lot of pressure by the sellers in this transaction right now. It is not clear at this point that the buying frenzy will come to a stop at some point.

As ETH failed to push past the key resistance level at $1,700, a sharp decline ensued. But the price action on the weekly time scale is currently rangebound within a channel. If current support is broken, it might trigger a precipitous decline in price.

Recent months have seen a general decreasing trend in the values of bitcoin assets. At this point in time, it would appear that sellers are in control of the market.

Ripple (XRP)

This week ripple lost 5.6% of its value, and the cryptocurrency immediately found support at 36 cents overnight. The present trend is negative since it has followed a pattern of declining low points and rising high notes.

If buyers can’t be stopped at the support level, Ripple’s price will likely keep falling until it reaches 33 cents. So far, it appears like there is no demand for XRP, and the main level of resistance could be around 40 cents.

The RSI and MACD are both heading in the wrong direction, and the decline is picking up speed. A swift correction of the trend is now unlikely. As a result, it’s possible that this course correction could still happen for a while.

Cardano (ADA)

Cardano lost more than XRP, and now that it has dropped below 35 cents, it is headed for 30 cents. In light of today’s price drop, ADA has lost 11.8% over the past seven days.

Until the price falls below $0.30, it is unlikely that buyers will return. The previous support at 35 cents has been broken and is now acting as opposition.

Cardano is now in the bottom ten by market cap among all cryptocurrencies. The negative trend persists, and a melancholy mood is widespread.

Currency of Binance (BNB)

There is no reason to expect either of these things to too much improvement over the course of the coming week. Binance Coin’s 5.7% drop in value last week was similar to XRP’s drop of the same percentage.

Yet, it is unclear if buyers will be able to stay around $290 or would have to move down. If they were forced to give way, the market would fall. Assuming this holds true, BNB will experience solid support around the $250 mark.

The price of $315 is the current rate of resistance. The purchasers had been playing defense during the entire week. It’s not able to cause the price to rise above this threshold.

If the market remains bearish, BNB may drop below the following support line to relieve some of the stress from the current selloff. Consumers’ ability to regain power and attempt a comeback could be aided by this.

Solana (SOL)

Solana, with its price drop of 12%, is this week’s worst performer. The price of SOL immediately went in the opposite direction after initially bursting out to the upside.

As investors came to the realization that the breakthrough had been a misleading signal. As a result, the price found its footing once again at the crucial $20 support level. All purchasers must maintain a $20 minimum holding price.

If this does not happen, then $15 will be the next major support level. Right now, the price is at a ceiling of $23. Solana’s future is uncertain, and the price’s next move will be critical in determining how it will react to its key support.

Presently, the negative bias is driven mostly by the fact that sellers are still in a stronger position than buyers.