Bitcoin, ETH, XRP, SOL, ADA charts versus US crypto reserve rumors — Which to trade?

The cryptocurrency community deeply awaits the very first summit of the White House cryptography on March 7, which should provide more details on the planned crypto reserve announced by US President Donald Trump on March 2.

Although the initial announcement included Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (Sol) and Cardano (ADA), several criticisms criticized the idea of ​​adding centralized altcoins alongside Bitcoin in the reserve. US trade secretary Howard Luxe specified in an interview with the Pavlovic today that Bitcoin is likely to have a special status in the country’s cryptography reserve.

Bitwise chief investment director Matt Hougan, said in a market note on March 5 that the American crypto reserve “will be almost entirely bitcoin, and will be greater than people think.” He added that similar announcements in other countries will likely follow an American cryptography reserve.

The cryptocurrencies offered to be included in the crypto reserve increased after the announcement, but then made a large part of their earnings. Their weekly graphics were analyzed to avoid short -term noise. This will help understand the levels to which a trend movement begins.

Bitcoin price analysis

The price of Bitcoin has rebounded from its recent sale, and a positive sign is that the Bulls did not allow the price to close below the 20 -week exponential mobile average ($ 90,664). This shows that the bulls are active at lower levels.

Bulls will try to strengthen their position by pushing the price above the psychological barrier at $ 100,000. If they manage to do so, it will erase the way from a summit of all time at $ 109,588. Sellers will try to defend the level of $ 109,588, but if the Bulls prevail, the BTC / USDT pair could increase to $ 138,000.

Unlike this hypothesis, if the price does not hold above $ 100,000, he suggests that the Bears are trying to form a lower summit. The pair could then drop to the 50 -week simple mobile average ($ 75,543).

Ether price analysis

Ether was a large fork between $ 2,1111 and $ 4,094. The price recently slipped below $ 2,000, but the long tail on the candlestick shows purchases at lower levels.

A low rebound in the level of $ 2,111 suggests that demand is dried up. This increases the risk of ventilation less than $ 2,1111. If this happens, this will indicate that the ETH / USDT pair may have exceeded in the short term. The pair can start a downward trend at $ 1,500, then to $ 1,075.

Buyers will have to push and maintain the price above mobile averages to point out that the action linked to the beach remains intact. The pair can then climb at the top of the range at $ 4,094. This is a resistance to critical general costs for the Bears to defend because a break above could erase the path for a rally at $ 4,868 and possibly the target target of $ 6,077.

XRP price analysis

XRP consolidated itself in an upward trend. After a vertical rally, the price generally takes a sniff before starting the next one.

The XRP / USDT pair oscillates between $ 2 and $ 3 for several weeks, indicating a difficult battle between the Bulls and the Bears. The sellers defend resistance to general costs while the Bulls buy near the support. The more the price remains inside the range, the stronger the possible breakdown on its part.

A break and a closure greater than $ 3 will be the first indication that the range has resolved in favor of the bulls. This opens the doors for a possible $ 4 rally, then $ 5. Instead, if the price decreases and decomposes below $ 2, this will indicate that the pair has exceeded the term in the medium term. This increases the risk of falling to $ 1.50.

In relation: Will the Bitcoin price plant again?

Solana price analysis

Solana made a new record of all time on January 19, but it turned out to be a bull trap. The price has since been in a firm correction, indicating the sale by merchants.

Bulls should fiercely defend the support area from $ 120 to $ 110. If they succeed, it suggests that $ 110 is the new floor. However, it is unlikely that bears will easily abandon. They will sell 20 -week EMA rallies ($ 190). If the price decreases compared to the 20 -week EMA, the pair can drop to $ 110 and swing between these two levels for a few weeks. A break and a closure below $ 110 could run the pair at $ 80.

The first sign of strength will be a break and close above the 20-week EMA. There is resistance at $ 205, but it is likely to be crossed. If this happens, the ground / USDT pair could come together at $ 260, where the Bears should set up a solid defense. Buyers will have to reach a closing farm greater than $ 260 to point out the start of a new upward trend.

Cardano price analysis

Cardano has been pinned below the level of $ 1.25 since the beginning of 2022, but a positive minor is that the Bulls are trying to make a return.

If buyers stimulate the price of more than $ 1.25, the ADA / USDT pair could take momentum. Usually, when the price comes out of a large basic formation, it leads to high rise up. The pair can cope with a minor resistance at $ 1.64, but it should be crossed. The pair could then climb to $ 2.38.

Alternatively, if the price remains less than $ 1.25, select the short-term traders which may have purchased at lower levels could be tempted to reserve profits. This could derive the price of the SMA of 50 weeks ($ 0.59), which is a support necessary to monitor. If the price bounces 50 weeks SMA with force, the Bulls will try to push the pair towards $ 1.25. The pair can then remain linked to the beach between the SMA of 50 weeks and $ 1.25 for a while.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.