5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

18 March 15:21

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, the overall crypto market experienced a general decline, with most sectors experiencing a volatile downward trend. Mainstream coins have shown a clear downward trend except for a few that remain strong. The scale of market liquidation funds in a week is relatively large, and there have been two rounds of large-scale liquidation, which has a significant impact on mainstream coins, especially BTC and ETH. The total value of the entire crypto market has dropped to $2.59 trillion, although the difference from the same period last week of $2.63 trillion is small, the decline is relatively large compared to the high point near $30,000 in the same week, and the market sentiment index has significantly decreased. At present, although the weekly fluctuations of several top key coins are not consistent, only SOL has maintained a strong trend due to ecological impact, while the market fluctuations of other mainstream coins are relatively intense. Earlier, it was predicted that the market would face a slight decline this week, but it was not expected that the market would fall again. The main reason was that the early market was overheated, and the foam component of the MEME sector was relatively large. In addition, there was a large number of selling in the market within a week, and the pressure was strong, eventually leading to a chain effect. However, currently, it appears that several mainstream coins will still show a mainly volatile trend next week, and as BTC approaches halving, there is a high probability of a round of market recovery. At present, the top five cryptocurrencies in the total market value of the crypto market are still <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), and Ripple (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>). SOL's market value surpassed BNB this week to become the third largest cryptocurrency in the crypto market, but the market values of the two are currently relatively close.

In the past week, the weekly price trends of the five major coins have been divided into various different states. BTC and ETH have basically experienced an upward trend since the opening stage and then began to show a fluctuating downward trend. Even in a short period of time, the price has dropped significantly, with multiple pin insertion in the candlestick chart, and the current price has basically rebounded. XRP experienced a strong upward trend at the beginning of the week, followed by a mainly volatile decline, with the opening and closing prices within the same price range. Compared to BNB, SOL, and BNB have seen a slight price increase over the past week. BNB has experienced two rounds of major pullbacks, following a market volatility cycle. On the other hand, SOL has benefited from the larger scale of the ecological market this week, and the coin price has climbed to the current level with strong performance. If there is no excessive influence of news factors on the market trend next week, the probability of mainstream coins showing a rebound trend is high, but it should be accompanied by more severe fluctuations. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.

## Bitcoin（BTC）
Bitcoin has fallen by about 1.62% this week and is currently closing at around $68,500. The overall price has fluctuated significantly within a week, breaking above $71,000 shortly after opening on Monday, and subsequently breaking through $73,000 to reach a historical high. But after entering the 15th, with the strengthening of market selling pressure and the influence of news factors, the BTC coin price trend began to show a rapid downward trend, accompanied by a small fluctuation and rebound, continuously falling below multiple key price levels and the market fluctuating. At the end of the weekend, it even fell below $65,000 at one point. Currently, it has rebounded slightly, but it is still accompanied by frequent fluctuations in the market. The high point of BTC's weekly price is a historic high of $73,650, while the low point drops to around $64,887, indicating a significant short-term rise and fall in the coin's price.

Analysis suggests that the price trend of Bitcoin has fluctuated significantly within a week, with a rapid intraday increase in the first half and then entering a period of slight fluctuations. Although there has been a rapid pullback and decline in the subsequent period, it still shows a continued upward trend. But after reaching a historical high, BTC began to show a rapid downward trend, mainly in the form of rapid rise and fall, and the amplitude was relatively large. This performance also directly affected the contract orders of various platforms across the network, leading to the occurrence of large-scale liquidation. After entering the weekend closing stage, the BTC market is mainly in a downward trend, and currently shows a rapid rebound. It is expected to experience a rebound trend next week, and is likely to rise again to the price of $70,000 for continuous fluctuations. If there is a supplementary upward trend, it will continue to operate above $70,000.
![](https://gimg2.gateimg.com/image/article/17107462321.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
Ethereum fell 7.36% this week and closed near $3,627. The weekly price trend of Ethereum is strongly correlated with BTC, with a rapid increase in the first half of the week to the recent high price range, and ETH remaining within the range of $4,000 - $4,100. Subsequently, in the second half of the week, it began to rapidly fluctuate and decline, accompanied by a significant short-term rise and fall. After the weekend closing phase, it began to decline continuously, breaking through multiple key price levels and even falling below $3,500 at one point. However, currently Ethereum is showing a certain upward trend, but it is still at a lower price compared to the opening price. The weekly high point of Ethereum reached nearly $4,100 at $4,075, while the location was around $3,431 during the weekend closing phase.

Analysis suggests that the price of Ethereum has maintained a strong correlation with that of Bitcoin for several weeks, representing a barometer of the overall crypto market. The consecutive weeks of volatile upward trends have seen a significant pullback this week. The main reason for this round of market trend is due to market overheating and external regulatory factors, but the core is that mainstream coins themselves are in a strong selling pressure state during the current market cycle. This week, there has been a large-scale sell-off behavior in the market, which has had a certain impact on the price of Ether itself, resulting in a continuous decline in the latter half of the week. The next week's trend of Ethereum is likely to remain consistent with that of Bitcoin, with the main trend being a rebound in coin prices. There is a high probability that it will rise again to above $3,800, and breaking through $4,000 is relatively more difficult.
![](https://gimg2.gateimg.com/image/article/17107570622.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL rose 35.44% this week and closed near $196. The price trend of SOL within a week is mainly characterized by continuous fluctuations, mainly due to a surge in the MEME sector within the Solana ecosystem, which has led to a general upward trend in the SOL sector. This trend is also evident in the SOL coin price trend. Of course, during the rapid rise of SOL prices within a week, intraday fluctuations are still relatively frequent, but the performance of multiple peaks is basically controlled within a certain range, and there has been no situation of continuous replenishment or replenishment in a short period of time. The high point of the weekly price is basically around $198 within the current price range, approaching the key price level of $200, and the low point appears around $138 during the opening period.

Analysis suggests that SOL has shown a strong trend this week, standing out among several mainstream coins. Thanks to the efforts of the Solana ecosystem, the SOL sector saw a general rise and surpassed BNB to become the third mainstream cryptocurrency in the crypto market this week. The rise in market value and rapid inflow of funds have made SOL prices perform very strongly, giving many users clear market confidence in the rapid decline of Bitcoin and Ethereum in the second half of a week. The overall probability of SOL hitting a new high again in the following week is very high, breaking through the $200 price level is basically guaranteed. The trend of the coin next week is likely to rise above $210 with the market rebound in the first half of the week, but it will show a slight downward correction trend in the future. With $200 as the benchmark, the replenishment or replenishment will basically revolve around this price level.
![](https://gimg2.gateimg.com/image/article/17107462833.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB rose 8.42% this week and closed around $574. This week, the price of BNB quickly rose and broke through the $620 price range in the first half of the week, following the trend of higher market trading volume and a general rise in mainstream coins. Subsequently, it experienced a significant pullback in a short period of time and reached a one-week high, reaching $640. Then, following the market fluctuation cycle, it continued to fluctuate and descend to the current price range. The high point of BNB's weekly price reached around $680, while the low point appeared around $512 during the opening phase of the week.

Analysis suggests that the weekly price fluctuations of BNB mainly show two large peaks, followed by a price correction. Of course, the opening period lasted longer compared to other coins, but it quickly rose to above $600 in the future. Although the prices of Bitcoin and Ethereum have experienced a significant pullback, BNB has performed well in this regard, although the decline is not small. As we enter the weekend closing stage, Binance's prices have remained in the range of $560-580 and continue to fluctuate. However, considering the characteristics of BNB itself, it is highly likely that the coin will experience a significant downward trend during the opening period next week, with an expected low point in the price range of $530-$550. With the subsequent market correction and recovery, it is highly likely that BNB will have another round of upward trend, but the price peak may not be able to break through $620 in a short period of time.
![](https://gimg2.gateimg.com/image/article/17107463064.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP rose 1.23% this week and closed near $0.6207. The price of XRP has been fluctuating and falling for most of the week but is mainly affected by news factors, mainly by the influence of gray companies. This has caused the coin to quickly rise to the price of $0.74 in a short period of time during the opening phase of the week. However, the subsequent trend is mainly fluctuating and downward, and even fell below the opening price during the weekend closing phase. Currently, XRP prices have returned to the same price range as the opening price and continue to fluctuate, mainly showing slight fluctuations. The high point of the coin's weekly price is $0.7408, and the low point appears around $0.594 during the weekend closing phase.

Analysis suggests that the <a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP price</a> was greatly affected by market fluctuations and news factors this week. After a rapid rise, it showed a fluctuating downward trend within a week, and the fluctuation amplitude showed a stepped pattern. Looking at it from a one week perspective, this coin lacks clear upward support compared to other mainstream coins, and the probability of following market fluctuations is relatively high. In the following week, the XRP price will mainly fall first and then rise, because there is still a certain downward range for the coin, with a high probability of falling below $0.6. However, the probability of the coin price rebounding to above $0.62 is higher following market fluctuations.
![](https://gimg2.gateimg.com/image/article/17107463305.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
The price performance of BTC, ETH, SOL, BNB, and XRP this week has changed significantly compared to the same period last week. Influenced by market fluctuations, except for SOL and BNB, most other coins have shown a volatile downward trend. The price fluctuation trend of a week is basically divided into two cycles. Compared with the low point, the price fluctuation range is generally larger. After entering the weekend closing stage, there is a slight recovery, and the probability of a price rebound in the following week is higher. The price trends of several mainstream coins in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

ETH/USDT -4.52%

BTC/USDT -1.30%

GT/USDT -2.80%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Solana（SOL）

Ripple（XRP）

What is to come?

Desembrulhe sua sorte e ganhe um prêmio de $6666

Criar conta