Coin Market

Price analysis 3/21: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, TON, LINK, LEO

Published

4 days ago

March 21, 2025

Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500.

Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes said in a post on X that Bitcoin may have bottomed out at $77,000, considering that the Federal Reserve announced a slowdown in its quantitative tightening from April.

Crypto market data daily view. Source: Coin360

Another bullish catalyst for Bitcoin could be the recession, according to BlackRock head of digital assets, Robbie Mitchnick. In an interview with Yahoo Finance, Mitchnick said that the firm’s “sophisticated long-term Bitcoin accumulator” clients are not concerned by the current economic headwinds and consider the market dip to be a buying opportunity.

Could Bitcoin form a higher low in the near term and break above the $87,500 barrier in the near term? Will that boost buying in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin surged above the 20-day exponential moving average ($85,332) on March 19, but the bears halted the relief rally at the resistance line.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

If the price breaks below the uptrend line, the BTC/USDT pair could descend to $80,000 and later to $76,606. The $76,606 to $73,777 zone is expected to attract strong buying by the bulls, but if the bears prevail, the pair may descend to $67,000.

Conversely, if the price rebounds off the uptrend line and breaks above $87,500, the pair is likely to pick up momentum. The 50-day simple moving average ($91,136) may act as a hurdle, but it is expected to be crossed. The pair may rise to $95,000 and then to the critical $100,000 level.

Ether price analysis

Ether’s (ETH) recovery stalled at the 20-day EMA ($2,067), indicating that the bears are active at higher levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price breaks below $1,927, the ETH/USDT pair could slip to $1,800. Buyers are expected to defend the $1,750 to $1,800 zone because a break below it could open the doors for a drop to $1,550.

This negative view will be invalidated if the price turns up and rises above the breakdown level of $2,111. That clears the path for a potential rally to the 50-day SMA ($2,420) and, after that, to $2,850.

XRP price analysis

XRP (XRP) surged above the moving averages on March 19, but the bulls could not maintain the momentum.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The bears are trying to pull the price below the 20-day EMA ($2.36). If they can pull it off, the XRP/USDT pair may fall to $2.22 and then to the critical support at $2. Buyers are expected to vigorously defend the $2 level because if they fail in their endeavor, the pair will complete a bearish head-and-shoulders pattern.

Contrary to this assumption, if the price rebounds off the 20-day EMA, it will indicate buying on dips. The pair may then reach the resistance line.

BNB price analysis

BNB’s (BNB) pullback took support at the 20-day EMA ($608) on March 19, indicating buying on dips.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA has started to turn up, and the RSI is in the positive zone, signaling that buyers have a slight edge. A break and close above $644 could clear the path for a rally to $686. Sellers will try to defend the $686 level with all their might because a break above it could catapult the price to $745.

Sellers will have to pull the price below the 20-day EMA to prevent the upside. The BNB/USDT pair may then decline to $550.

Solana price analysis

Solana (SOL) turned down from the 20-day EMA ($135) on March 20, signaling that the bears continue to sell on minor relief rallies.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The SOL/USDT pair could slide to $120 and then to $110. Buyers are expected to fiercely defend this support zone. If the price bounces off the support zone, the bulls will again attempt to drive the pair above the 20-day EMA. If they succeed, the pair could rally to the 50-day SMA ($163).

On the contrary, a break and close below $110 signals the resumption of the downtrend. The pair could tumble to $98 and eventually to $80.

Cardano price analysis

Cardano (ADA) turned down from the moving averages on March 20, indicating that the bears are defending the level.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will try to sink the price to the uptrend line, where the bulls are expected to step in. If the price rebounds off the uptrend line with strength, it increases the possibility of a break above the moving averages. The ADA/USDT pair could then rally to $1.02.

Alternatively, a break and close below the uptrend line suggests that the bulls have given up. That could start a downward move toward $0.58 and eventually to $0.50. Buyers are expected to vigorously defend the $0.50 support.

Dogecoin price analysis

Buyers are struggling to push Dogecoin (DOGE) above the 20-day EMA ($0.18), indicating a negative sentiment.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If the price skids below $0.16, the DOGE/USDT pair could retest the critical support at $0.14. This is an essential support for the bulls to defend because a break below it may sink the pair to $0.10.

On the upside, a break and close above the 20-day EMA will be the first indication that buyers are back in the game. The pair could rise to the 50-day SMA ($0.22) and subsequently to $0.29.

Toncoin price analysis

Toncoin (TON) cleared the 50-day SMA ($3.51) hurdle on March 19, but the bears are trying to halt the up move at $4.

TON/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($3.32) has started to turn up, and the RSI has jumped into the positive zone, signaling an advantage to buyers. The price is expected to find support at the 20-day EMA. If that happens, the prospects of a break above $4 improve. The TON/USDT pair may climb to $5 and later to $5.50.

Sellers will have to yank the price back below the 20-day EMA to gain the upper hand. The pair may then slump to $3.

Chainlink price analysis

Chainlink (LINK) rose above the 20-day EMA ($14.59) on March 19, but the bulls could not sustain the higher levels.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The price slipped back below the 20-day EMA on March 20, indicating selling at higher levels. The bears will try to sink the price toward the crucial support at $12.

If the price turns up from the current level or $12, it will suggest a change in sentiment from selling on rallies to buying on dips. The bulls will again try to push the LINK/USDT pair toward the 50-day SMA ($16.83) and later to $19.25.

This positive view will be invalidated if the price continues lower and plummets below $12. That could sink the pair to psychological support at $10.

UNUS SED LEO price analysis

UNUS SED LEO (LEO) remains stuck below the overhead resistance of $10, indicating that the bears are holding their ground.

LEO/USD daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns down and breaks below $9.60, it suggests that the bears are strengthening their position. The LEO/USD pair could descend to the uptrend line.

On the other hand, the bullish ascending triangle pattern will complete on a break and close above $9.90. The pair could then surge toward the target objective of $12.04.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Coin Market

Pirating pioneer Napster sells for $207M with plans for music metaverse

Published

17 minutes ago

March 26, 2025

Artificial intelligence startup Infinite Reality has acquired the music-pirating app turned music streaming service Napster in a $207 million deal and plans to add a music-focused metaverse.

Infinite Reality said in a March 25 statement that Napster would offer “branded 3D virtual spaces” to allow virtual concerts and “social listening parties” along with the ability to offer virtual merchandise.

“Imagine stepping into a virtual venue to watch an exclusive show with friends, chat with your favorite artist in their own virtual hangout as they drop their new single, and be able to directly buy their exclusive digital and physical merch,” said Napster CEO Jon Vlassopulos, who will continue in his role amid the acquisition.

“The internet has evolved from desktop to mobile, from mobile to social, and now we are entering the immersive era,” he added.

“The most legendary collab?! Infinite Reality has acquired iconic online music brand @Napster.

With this acquisition, we’re expanding and reimagining Napster, empowering artists with new audience monetization and engagement capabilities, underpinned by iR’s #immersive… pic.twitter.com/L4Fig7QFct

— Infinite Reality (@Infinite_iR) March 25, 2025

Infinite Reality added that it also plans for Napster to allow musicians to use AI customer and community management agents and analytics dashboards to track fan behavior and cross-promotion with its other entertainment properties, such as Esports teams.

Napster’s latest repurposing

Napster was a pioneer in piracy, launching in 1999 as a peer-to-peer (P2P) filing-sharing service mostly for music. It shuttered in 2001, buried by a court order after a wave of copyright infringement lawsuits.

The now-bankrupt company sold its brand, which was relaunched as a music-streaming service before bouncing between owners for the next 20 years. The blockchain firm Algorand and crypto investment firm Hivemind most recently bought it in 2022.

Napster had made several moves in the Web3 space, announcing plans in June 2022 to launch its own Napster token on the Algorand blockchain that could be used to buy music subscriptions and other content. The brand also bought Web3 music startup Mint Songs in February 2023.

Source: Napster

John Acunto, co-founder and CEO of Infinite Reality, said the team hopes to lead an “internet industry shift from a flat 2D clickable web to a 3D conversational one.”

Infinite Reality says the acquisition of Napster is slated to close in a few weeks. According to the firm, it hopes to evolve the Napster brand to become the leading immersive music platform for artists, fans and curators through audience monetization and engagement capabilities.

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Coin Market

Crypto influencer Ben ‘Bitboy’ Armstrong arrested in Florida

Published

17 minutes ago

March 26, 2025

Crypto influencer Ben Armstrong, also known as “BitBoy,” has been arrested in Florida after disclosing on social media just days ago that a warrant was out for his arrest.

Florida’s Volusia County Division of Corrections listed Armstrong as a fugitive from justice who was taken in custody on March 25 at 7:18 pm local time.

A screenshot of the Volusia Country Corrections website showing details of Ben Armstrong’s arrest. Source: Volusia County Division of Corrections

Days prior, Armstrong said in a March 21 X post that he could “confirm that the warrants for my arrest” were due to sending emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while acting as his own attorney.

He also claimed that Judge Childs had deleted her social media accounts due to the emails.

Source: Ben Armstrong

Armstrong was previously arrested in September 2023 while livestreaming outside the house of a former business associate whom he alleged had possession of his Lamborghini.

Information on Armstrong’s lawyers was not immediately available. Armstrong could not immediately be contacted for comment.

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Coin Market

Bitcoin price has 75% chance of hitting new highs in 2025 — Analyst

Published

5 hours ago

March 25, 2025

Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC (BTC), suggesting that there is a 75% chance that the asset will hit new highs in the next nine months.

In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s current path aligns with the bottom 25% threshold, giving it majority odds for a positive rally.

Bitcoin 10-year seasonality chart. Source: X.com

Peterson said,

“Here is a 50% chance it will gain 50%+ in the short term.”

Peterson’s statements follow an earlier study that found that most of Bitcoin’s annual bullish performance occurred in April and October, which have averaged 12.98% and 21.98%, respectively, over the past decade.

Bitcoin monthly returns. Source: CoinGlass

Bitcoin onchain cost basis zone key investors’ levels

In a recent quicktake post on CryptoQuant, anonymous analyst Crazzyblockk said that the realized price for short-term whales is $91,000, whereas most highly active addresses hold a cost basis between $84,000 and $85,000.

Bitcoin short-term whales position. Source: CryptoQuant

A dip below the cost basis could trigger selling, making the $84,000 to $85,000 range a critical liquidity zone.

The analyst added,

“These onchain cost basis levels represent decision zones where market psychology shifts. Traders and investors should closely monitor price reactions in these areas to gauge trend strength and potential reversals.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.