Bitcoin price has spent the past week with a bearish trend, and at the time of writing, it is trading at the $39,000 border with a slight rise. Analysts are closely watching the $37,800 area, which is strong support in a classic bearish flag pattern that has formed since Jan. If BTC can break out of this channel, the price could move towards $52,000.

Shiba, the 15th largest cryptocurrency in terms of market value, has lost approximately 20% in value in the last 1 month and is trading at $0.000021 as of the time of writing.

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Shiba seems to have found strong support at $0.0002, despite falling below the 50 and 100 Simple Moving Averages. Analysts describe this level as an important breakout area and state that $0.000020 is critical.

Apecoin, which is among the cryptocurrencies most followed by investors in the first quarter of 2022, has gained approximately 30% in value in the last 30 days. APE is trading at $16.5 as of the time of writing. According to analysts, the most important level for APE at the moment is $ 17.75.

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Analysts state that after a one-day close above this level, the APE price may set a new record. Behind these bullish expectations is that Yuga Labs will soon use APE as a payment token.

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On the other hand, XRP, one of the most popular altcoins in the market, is trading in the $ 0.62 band as of the writing of the article. Analysts state that the $0.55 level is important for XRP, which draws a stable chart. Stating that there is a demand zone at this level, analysts state that XRP is in a tight situation and the next move of the price will determine the direction.