Crypto Price Analysis: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, LEO, HBAR - March 12, 2025

Bitcoin Dips Below $84K - Is a Rebound on the Horizon?

Bitcoin and major altcoins have been struggling to gain momentum, with BTC facing resistance near $84,500. Could this be a temporary setback, or are we looking at a deeper correction? Let’s dive into the latest market trends and key levels to watch.

Bitcoin Price Analysis (BTC)

Bitcoin (BTC) bounced from $76,606 on March 11 but failed to hold above $84,500 on March 12. Analysts believe the next key support lies in the $71,000-$72,000 range, aligning with Glassnode’s projection of a potential bottom near $70,000 if selling pressure continues.

The crypto market isn't the only one under pressure; U.S. stock indices have also been struggling. However, a silver lining for Bitcoin bulls is the weakening of the U.S. Dollar Index (DXY), which has fallen from its multi-year high of 110 to below 104. Historically, Bitcoin tends to move in the opposite direction of the dollar, hinting that a bottom could be near.

Key Levels to Watch

• Resistance: $87,262 (20-day EMA), $94,654 (50-day SMA)
• Support: $76,606, $73,777, and $67,000

A break above the 20-day EMA could indicate that the correction is nearing its end, potentially pushing BTC toward $94,654. However, a drop below $73,777 could send the price spiraling down to $67,000.

Ethereum Price Analysis (ETH)

Ethereum (ETH) broke below $1,993 on March 9 and hit a low of $1,754 on March 11 before attempting a recovery. However, the bounce faces strong resistance at $2,111.

If ETH fails to reclaim $2,111 and falls below $1,754, the sell-off could extend to $1,500. On the flip side, a break above the 20-day EMA ($2,235) could send ETH soaring to $2,800.

Key Levels to Watch

• Resistance: $2,111, $2,235 (20-day EMA), $2,800
• Support: $1,754, $1,500

XRP Price Analysis (XRP)

XRP slipped below $2 on March 11, but bulls managed to prevent further losses. The recovery is encountering resistance at the 20-day EMA ($2.35).

If the price turns lower, a break below $2 could trigger a bearish head-and-shoulders pattern, potentially dragging XRP down to $1.28. Conversely, a move above $2.35 could pave the way for a rally to $3.

Key Levels to Watch

• Resistance: $2.35 (20-day EMA), $2.58 (50-day SMA), $3
• Support: $2, $1.77, $1.28

BNB Price Analysis (BNB)

BNB rebounded from $507 on March 11, signaling strong buying interest in the $500-$460 support zone. However, the relief rally is facing resistance at the 20-day EMA ($592).

If BNB fails to hold above this level, another drop to $500 or even $460 is likely. On the other hand, a decisive move above $592 could keep the price range-bound between $460 and $745 for a while.

Key Levels to Watch

• Resistance: $592 (20-day EMA), $628 (50-day SMA)
• Support: $507, $500, $460

Solana Price Analysis (SOL)

Solana (SOL) rebounded from $112 on March 11, suggesting strong defense at the $110 support level. A positive divergence in the RSI indicates that bearish momentum may be fading.

A break above the 20-day EMA ($145) would confirm a potential reversal, but failure to do so increases the risk of a drop below $110, which could lead to a decline toward $98 or even $80.

Key Levels to Watch

• Resistance: $145 (20-day EMA)
• Support: $112, $110, $98, $80

Cardano Price Analysis (ADA)

Cardano (ADA) bounced off its uptrend line on March 11, signaling that bulls are trying to halt the downtrend. However, the moving averages remain a major obstacle.

If ADA gets rejected at the moving averages, a breakdown below the uptrend line could push the price toward $0.60 and $0.50. Conversely, a breakout could trigger a rally toward $1.02.

Key Levels to Watch

• Resistance: $0.80 (moving averages), $1.02
• Support: $0.70 (uptrend line), $0.60, $0.50

Dogecoin Price Analysis (DOGE)

Dogecoin (DOGE) slipped to $0.14 on March 11 but is attempting a recovery. The challenge lies at the 20-day EMA ($0.20), which could act as a strong resistance.

If DOGE breaks below $0.14, it may drop to $0.10. However, if bulls push it above $0.20, a rally to $0.25 is possible.

Key Levels to Watch

• Resistance: $0.20 (20-day EMA), $0.25 (50-day SMA)
• Support: $0.14, $0.10

Pi Network Price Analysis (PI)

Pi (PI) is finding support near the 61.8% Fibonacci retracement level at $1.20, indicating strong buying interest.

If PI breaks above $2, the correction may be over, pushing the price toward $2.40. On the downside, a drop below $1.20 could lead to further losses toward $0.72.

Key Levels to Watch

• Resistance: $1.69 (20-day EMA), $2
• Support: $1.20, $0.72

UNUS SED LEO Price Analysis (LEO)

UNUS SED LEO (LEO) has been consolidating just below $10, forming an ascending triangle pattern. A breakout above $10 could signal the next leg up toward $12.04.

However, if LEO drops below the uptrend line, it could decline to $8.84 or even $8.30.

Key Levels to Watch

• Resistance: $10, $12.04
• Support: $8.84, $8.30

Hedera Price Analysis (HBAR)

Hedera (HBAR) bounced off the $0.17 support on March 11 but is facing selling pressure at the 20-day EMA ($0.22).

If HBAR falls below $0.17, it could plunge to $0.12. Conversely, a break above $0.22 could push it toward the downtrend line at $0.29.

Key Levels to Watch

• Resistance: $0.22 (20-day EMA), $0.29
• Support: $0.17, $0.12

Final Thoughts

The crypto market is at a critical juncture, with Bitcoin and major altcoins testing key support and resistance levels. While some coins show signs of bottoming out, others remain vulnerable to further declines. Traders should keep an eye on major breakouts and breakdowns in the coming days.

Stay tuned for more updates and analysis!