{"id":339,"date":"2025-03-02T22:17:03","date_gmt":"2025-03-02T23:17:03","guid":{"rendered":"https:\/\/woodcounty200.org\/?p=339"},"modified":"2025-04-25T01:50:20","modified_gmt":"2025-04-25T01:50:20","slug":"xrp-ada-sol-go-parabolic-after-trump-us-crypto-reserve-post-will-other-altcoins-follow","status":"publish","type":"post","link":"https:\/\/woodcounty200.org\/index.php\/2025\/03\/02\/xrp-ada-sol-go-parabolic-after-trump-us-crypto-reserve-post-will-other-altcoins-follow\/","title":{"rendered":"XRP, ADA, SOL go parabolic after Trump US crypto reserve post: Will other altcoins follow?"},"content":{"rendered":"
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Bitcoin (BTC<\/a>) witnessed solid buying over the weekend as US President Donald Trump announced that Bitcoin, Ether (ETH<\/a>), XRP (XRP<\/a>), Solana (SOL<\/a>) and Cardano (ADA<\/a>) would be included in a crypto strategic reserve<\/a>. The announcement massively pumped the chosen coins, which made it risky for a fresh entry after the rally. The coins in this article have been selected for their technical setups rather than the Trump-based pump.<\/p>\n Apart from the crypto strategic reserve, in a sign that could create new demand for Bitcoin, BlackRock added the iShares Bitcoin ETF Trust (IBIT) to its $150 billion model portfolio, according to a Bloomberg report. The global investment firm is adding 1% to 2% allocation to portfolios<\/a> that allow for alternative assets. This move opens the doors for a potential new demand for the Bitcoin ETF.<\/p>\n Crypto market data daily view. Source: <\/em>Coin360<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n However, some analysts believe that Bitcoin could witness some more pain in the near term. They anticipate Bitcoin to drop near $70,000<\/a> before starting the next leg of the bull move. Nexo dispatch analyst Iliya Kalchev told Cointelegraph that Bitcoin could “establish firm support in the $72,000 to $80,000 range.”<\/p>\n Could Bitcoin manage to hold above $90,000? If that happens, select altcoins apart from the ones chosen for the crypto strategic reserve may find buyers. Let’s look at the top cryptocurrencies that look strong on the charts.<\/p>\n Bitcoin has reached the 20-day exponential moving average ($92,366), indicating aggressive buying at lower levels.<\/p>\n BTC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n Sellers will try to stall the relief rally at the 20-day EMA. If the price turns down from the 20-day EMA, the BTC\/USDT pair could drop to $85,000, which is a crucial support to watch out for. <\/p>\n If the price rebounds off $85,000, the pair could rise above the 20-day EMA. The pair may then rally to the 50-day simple moving average ($97,704). Such a move will signal that the pair may have bottomed out in the near term.<\/p>\n If bears want to retain the advantage, they will have to swiftly pull the price below $83,000. If they manage to do that, the pair could retest the critical $78,258 support. <\/p>\n BTC\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 20-EMA has started to turn up on the four-hour chart, and the relative strength index (RSI) has jumped into the overbought zone, indicating that the bulls are on a comeback. If the price remains above $90,000, the pair could climb to $96,000 and then $100,000.<\/p>\n The first sign of weakness will be a break below the 50-simple moving average. That could sink the pair to the 20-EMA, which is likely to attract buyers. The bears will be back in the driver’s seat if they pull the pair below $83,000.<\/p>\n Hedera (HBAR<\/a>) rose above the 20-day EMA ($0.22) and reached the 50-day SMA ($0.26) on March 1.<\/p>\n HBAR\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 20-day EMA is the critical support to watch out for on the downside. If the price rebounds off the 20-day EMA, it will signal a change in sentiment from selling on rallies to buying on dips. The bulls will again try to propel the HBAR\/USDT pair above the 50-day SMA. If they can pull it off, the pair may rise to $0.32.<\/p>\n Contrarily, a break and close below the 20-day EMA suggests that the bears remain sellers on rallies. The pair may slump to $0.18, where the bulls will try to arrest the decline.<\/p>\n HBAR\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The pair turned down from $0.26 but is likely to find support at the 20-EMA on the four-hour chart. If the price rebounds off the 20-EMA with force, it will signal buying on dips. That improves the prospects of a rally to $0.28.<\/p>\n Instead, if the price continues lower and breaks below the 20-EMA, it will suggest that the bulls are losing their grip. The pair may tumble to the 50-SMA, which is likely to act as strong support.<\/p>\n Litecoin (LTC<\/a>) has been trading inside a symmetrical triangle pattern, indicating indecision between the buyers and sellers.<\/p>\n LTC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The flattish 20-day EMA ($122) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price rises and sustains above the 20-day EMA, the bulls will try to push the LTC\/USDT pair above the resistance line. If they succeed, the pair may rise to $147.<\/p>\n Contrarily, a close below the moving averages suggests that the short-term advantage has tilted in favor of the bears. The pair may skid to the support line, which is a crucial level for the bulls to defend because a break below it may sink the pair to $86.<\/p>\n LTC\/USDT 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The pair has dipped below the moving averages on the four-hour chart, indicating that the bears are trying to take charge. If the price sustains below the moving averages, the pair could descend to $114 and then to the support line.<\/p>\n Buyers will have to push and maintain the price above the moving averages to open the doors for a rise to $132 and later to the resistance line. The up move could pick up momentum after the price closes above the resistance line.<\/p>\n Related: <\/strong><\/em>Here’s what happened in crypto today<\/strong><\/em><\/a><\/p>\nBitcoin price analysis<\/h2>\n
Hedera price analysis<\/h2>\n
Litecoin price analysis<\/h2>\n
Monero price analysis<\/h2>\n