The cryptocurrency market opened March 30 with a mix of consolidation and mild recovery attempts across major altcoins, though overall momentum remains weak. Technical analysis reveals that while some assets are trying to bounce, significant resistance levels and bearish indicators continue to hinder upward movement.
Ethereum (ETH) is trading around $2,049, having risen from a low of $1,978 to a high of $2,057. Despite the recent increase, ETH remains below its 7-day ($2,057.07) and 30-day ($2,080.26) moving averages. Key momentum indicators like the RSI at 47.21 and a negative MACD histogram of -26.21 suggest neutral-to-bearish sentiment. Analysts note that holding above $2,000 is crucial for any continued recovery, with resistance expected near $2,050-$2,080. A drop below $2,000 could trigger a sharper decline.
XRP is trading at $1.3539, showing minor dips and fluctuating within a bearish trend. It trades below its 7-day ($1.3611) and 30-day ($1.3981) moving averages, with an RSI of 43.14 and a negative MACD. The $1.37 level acts as a strong resistance, while support is seen around $1.33-$1.35. The asset is likely to trade sideways or slightly higher if it reclaims the 7-day SMA, but bearish momentum persists on daily charts.
Jupiter (JUP) hovers near $0.148, experiencing persistent bearish pressure after a significant drop from near $0.30. Trading activity is calm, with the token stuck in a prolonged downtrend. The RSI sits at 42.05, indicating bearish territory but not yet oversold. Critical support lies at $0.144, while resistance is at the 7-day SMA ($0.1482) and the 30-day SMA ($0.1626). A break below $0.144 could lead to further declines toward $0.14.
In a broader market context, Bitcoin (BTC) rose above $68,000 but faces selling pressure near $69,000. Analysts warn that sellers aim for a negative monthly close in March, which would mark six consecutive months of losses—a first since the 2018 bear market. On-chain analyst Willy Woo suggests BTC could bottom between $46,000 and $54,000. An Ecoinometrics model indicates that if BTC holds the $60,000 low, a full recovery from its October 2025 peak of $126,000 could take roughly 300 days, with about 125 days remaining. A deeper fall to $40,000-$45,000 could extend the recovery into Q2 2027.
Other major altcoins like Solana (SOL), Cardano (ADA), BNB, and Dogecoin (DOGE) also face resistance challenges. SOL remains range-bound between $76 and $95, ADA struggles below $0.25, BNB faces resistance at moving averages above $570, and DOGE battles to stay above $0.09 support. The overall picture suggests that while recovery attempts are emerging, bearish pressure remains dominant across the crypto market.
