Altcoins had a dismal week, but as we approach the end of this week, cryptocurrencies are turning green again. The closing of Bitcoin prices above $70,700 on March 28 and the resurgence of demand in the ETF channel are also positive. So, what are the current price predictions for the three major cryptocurrencies?
Solana (SOL)
The hype around meme coins on the Solana network had sparked a significant rally for the popular Ethereum competitor. Just as the price was racing towards the ATH zone, a major BTC drop began and reversed the trend. Now, even as it struggles to surpass higher levels, SOL Coin is encountering selling pressure at the $196 resistance.
In the coming hours and days, depending on the reaction at this resistance area, the price increase could accelerate. A second strong resistance is at $205, and if this level is surpassed, a rally up to $267 could be expected. Bears will try to pull the price down to the 20-day EMA ($173), which is an area to watch for those looking to avoid early losses.
If SOL Coin loses the $162 level, it could fall to the 50-day SMA, which is $140.
XRP Coin Price Prediction
XRP, long under the shadow of the SEC‘s sword of justice, has been significantly worn down. A $2 billion fine acceptance in the medium term will create strong selling pressure. Moreover, the rapid increase in circulating supply since the last ATH is also dampening long-term optimism. XRP Coin is at $0.62, and losing this area could lead to sales down to $0.52.
In an optimistic scenario, targets of $0.67, $0.74, and then $0.94 are already well-known areas. During a rally, investors might find entry opportunities at these levels. If the rise is not news-driven, XRP often sees intense profit-taking, which is related to the long-term outlook.
ADA Coin Chart Commentary
The long wick on the March 26 candlestick shows the bears’ attempt to keep the price below $0.68. Indeed, as this article is being prepared, the price is at $0.64. If the price continues to stay below the moving averages, it could fall to $0.57.
The fluctuation between $0.57 and $0.68 must break at some point. In a scenario where it breaks upwards, targets of $0.7 and $0.81 could be aimed for. In a negative scenario, supports exist below $0.46.
