Cryptocurrencies Price Prediction: Bitcoin, Solana & Dogecoin — Asian Wrap 22 Mar – FXStreet

FXStreet Team FXStreet Team
FXStreet

Bitcoin price is currently trading at $41,000. Following this weekend's breakout, the peer-to-peer digital asset appears to be consolidating before the next rally commences. Bitcoin price shows signs of a large wave four on the macro chart.

 
Solana price action continues to vex bulls and bears alike, but bears are getting the brunt of the pain this time. Despite ample opportunity and multiple textbook short setups, bears are unable or unwilling to press Solana lower. Instead, SOL has created conditions that may start a new uptrend. 

 
Dogecoin price has emerged with new fuel as the bulls have established bullish price action on the 8-hr chart. DOGE has the potential for up to a 14% rally with a precise invalidation level. A close below $0.115 will invalidate the bullish thesis.

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A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next. 
Ripple price started an uptrend as the payment giant maintained a stand on the sale of XRP tokens. Ripple argues XRP is not an unregistered security and asked Judge Sarah Netburn to reject the SEC’s request for an extension in the lawsuit against the payment giant. 
MATIC price created a ceiling at a crucial level and has been in a downtrend ever since. The recent bounce established a local top, but investors can expect a minor retracement toward a support confluence to trigger massive buying pressure.
AVAX price shows impressive recovery over the past week as it has flipped multiple vital resistance barriers into a foothold. This development sets the stage for further gains that could push Avalanche to its all-time high and beyond.
BTC consolidation continues with the formation of a bullish setup. A breakout from this formation could be the key to triggering a bull run, but things are not as simple as they appear. On-chain metrics and market indicators suggest that the bullish thesis has more than meets the eye.
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