The crypto market weekly market report is once again back to help you figure out the chances of the market remaining bullish this week too. As noted in our previous market report for the week ending March 27, the market rose from its bearish trajectory as bulls took over the price action. This week was also bullish in terms of growth as many tokens broke their resistances and retained their support levels.
The data from CoinMarketCap shows that the market cap of the entire crypto market is currently at $2.17 trillion as the market had finally reclaimed the $2 trillion market cap. It is also important to note that the number of cryptocurrencies listed on CoinMarketCap is above 18,600.
In our crypto market weekly report for this week, we will discuss the following tokens: RAVE, BTC, ETH, SOL, XRP, DOT, LUNA, SAND, DOGE, and SHIB.
Crypto market performance report
In this crypto market weekly performance review, we will discuss the trajectory followed by each of the tokens below:
RAVE opened the week on a slightly bearish note for the token which dropped 5% in 24 hours while the entire crypto market was recovering from a bearish setback. Ravendex price analysis for March 29 confirmed that RAVE retested the $0.0041 price zone and dropped to $0.0038. RAVE successfully rebounded from $0.0038 while RAVE price analysis for March 31 showed that RAVE failed to turn $0.004 into support. As confirmed in our RAVE analysis for April 1, the token remained below $0.004.
Bitcoin began the week by reclaiming the $46K price zone and went on to create a support region around the $47K price level. On the other hand, the BTC price analysis for March 30 showed that BTC aimed to turn $47 into major support. Another important move for BTC, the biggest token in the crypto market, was seen when indicators started to show signs of cooling down and as noted in our BTC analysis for April 1st, the token lost $47K.
Ethereum began the week by breaking above the $3.3K price zone and the bulls were able to break into the $3.4K price zone as well. The token was unable to push above $3.4K as the market remained sluggish. At last, the indicators started turning bearish as noted in our ETH price analysis for March 31 and finally, ETH lost the $3.4K price level.
Solana price analysis for March 28 shows that the token broke the $105 price level. The bulls consolidated the price action above $100, noted in our SOL analysis for March 29, and finally, SOL was able to push through $115. It is also important to note that SOL found strong resistance at $120 and as per our SOL analysis for April 1, the token lost this level.
Ripple opened the week on a slightly bullish note jumping by 3% on the same day. Furthermore, the XRP token neared the $0.9 price zone which is a huge resistance. However, as noted in our XRP analysis for March 30, the token underperformed in the crypto market.
Ripple price analysis for March 31 confirmed that the token remained bearish but it can also be said that the chances of losing the $0.8 price zone seem high for Ripple.
Polkadot began the week on a bullish note as DOT reclaimed $22 and the token went as high as $23 but failed to consolidate above this region. The token returned to the early Feb price levels, as noted in our DOT price analysis for March 30. Furthermore, the token found strong resistance at $23 and finally, lost this price level, as per our DOT analysis for April 1.
LUNA broke the $95 price region and went on to make a new ATH with a 10% surge in prices. Furthermore, the LUNA price analysis for March 30 noted that the token was back below $100 but once again made a new all-time high, TheCoinRise noted in our LUNA analysis for March 31. We saw the token drop below $100 once again in our LUNA analysis for April 1.
The Sandbox (SAND)
SAND began the week on a bearish note by dropping to the 40th position in the crypto market. Moreover, the SAND token found important support at $3.5. The metaverse token continued to struggle at $3.5, as per our SAND analysis for March 30. Furthermore, the token turned bullish and reclaimed the 39th position in the crypto market. At last, the SAND token turned bearish and lost all the gains it back in the past few days.
Shiba Inu (SHIB)
Shiba Inu opened the weekly candle with a 7% price surge but remains below $0.00003 as noted in our SHIB analysis for March 30. The meme coin was able to jump 16% as per our SHIB analysis for March 31 and was able to form 6 consecutive bullish candles on the daily chart. The SHIB analysis for April 1 saw that SHIB held support at $0.000024.
Dogecoin jumped 7% starting the week on a bullish note and we also noted that the major resistance for DOGE was $0.15. The price action continued to struggle as DOGE held support at $0.14. The bulls once again made an attempt to break above $0.15 but failed as per our DOGE analysis for March 31. Due to this failure, the meme coin was back to the $0.13 support.
The crypto market weekly report for the week ending April 3 confirms that the entire space seems to be bullish as all the major tokens attempt to break their respective resistances in the coming days.