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Crypto Week Ahead: Mar 15 – Mar 21

Market Summary 15 Mar - 21 Mar 2021

What to look out for in the week ahead:

  • Bitcoin has broken through the $60,000 level. Unsurprisingly, it has entered into a healthy correction phase
  • Look out for $58,000 support and near term resistance at $62,000
  • Volumes on centralised exchanges have plunged in the last few days. However, volumes on DEX have only decreased slightly. King of DEX – UNISWAP – appears to hold well in terms of volume
  • UNI seems poised for a technical recovery after correcting larger than most other notable tokens like ETH and BTC.
  • Buying pressure seems to provide strong support for any near term correction
  • Tokens to watch: ENJ, UNI, MANA

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