BTC rose above $42,000 on March 19 but the bulls continue to face strong resistance from the bears at higher levels.
BTC
BTC is facing resistance near $42,594 which indicates that traders are cautious at higher levels. The price could now slide to the moving averages, which is an important support to keep an eye on. If the price rebounds off the moving averages, it will suggest that the bulls are not waiting for a deeper correction to buy. That could improve the prospects of a break and close above the overhead resistance. If that happens BTC could rally to $45,400.
LUNA
The LUNA token rebounded off the 20-day EMA of $86 indicating strong buying at lower levels. Both moving averages are sloping up and the RSI is in the positive territory, indicating an advantage to the buyers. If buyers drive and sustain the price above $96, LUNA pair could challenge the all-time high at $105.
AVAX
AVAX broke and closed above the downtrend line of the descending channel on March 18, indicating a possible change in trend. However, the bears have other plans and are currently attempting to pull the price back below the breakout level. If the price turns down from the current level but rebounds off the downtrend line of the channel, it will suggest that the breakout is valid.
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