Price Analysis 4/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, LEO

The Bitcoin (BTC) Bulls have pushed prices above the $87,000 level, despite US trade tariffs scheduled to begin on April 2nd. Bitcoin remains unstable in the short term, but analysts remain bullish in the long term.

According to Fidelity analyst Zack Wainwright, Bitcoin is currently in the accelerated phase, and as history repeats, we can “conclude with a sharp and dramatic gathering.” If that happens, Wainwright expects $110,000 to be the starting base for Up Mauve’s next leg.

Bitmex co-founder and Maelstrom’s chief investment officer, Arthur Hayes, said that if the Federal Reserve pivots on quantitative easing, Bitcoin could ralend at $250,000 by the end of the year.

Can Bitcoin start a rally with a selected altcoin, beyond the $89,000 overhead resistance? Analyze and explore the charts of the top 10 cryptocurrencies.

Bitcoin price analysis

Bitcoin rose near the resistance line. It is expected that sellers will pose solid challenges there.

The 20-day flattening exponential moving average ($85,152) and relative strength index (RSI) have lost grip just above the midpoint signal. This improves the prospects for meetings above the line of resistance. In that case, the BTC/USDT pair will rise to $95,000, and will ultimately reach $100,000.

Alternatively, when prices drop sharply from the resistance line and fall below $81,000, it suggests that the bear has returned to the driver’s seat. The pair could then fall to $76,606.

Ether Price Analysis

Ether (ETH) rebounded $1,754 in support on March 31, indicating that the Bulls are about to form a double-bottom pattern.

The Bears attempt to suspend relief rally at a 20-day EMA ($1,965). A lower price from the 20-day EMA increases the chances of a break below $1,574. The ETH/USDT pair can collapse to $1,550.

Conversely, closing past the 20-day EMA will open the door for an increase in the $2,111 breakdown level. If the buyer penetrates this resistance, the pair completes a double bottom pattern and launches a rally to the $2,468 target target target.

XRP Price Analysis

XRP (XRP) shows a weak bounce from the important $2 support.

This increases the risk of breaks below $2. In that case, the XRP/USDT pair completes a bearish head and shoulder pattern. This negative setup could start a downward movement to $1.27. There’s support for $1.77, but it could be broken.

In an advantage, rest and closure beyond the 50-day SMA ($2.39) suggests a solid purchase at a lower level. The pair will then gather on the line of resistance, and the bears are expected to provide a strong defense. Breaks and closes above the resistance line indicate a change in potential trends.

BNB Price Analysis

BNB (BNB) attempts to recover have stagnated on the April 1 moving average, indicating that bears are selling at the rally.

The Bears try to strengthen their position by withdrawing prices below $587. If they can pull it apart, the BNB/USDT pair will drop to a 50% Fibonacci retracement level of $575, followed by a 61.8% retracement of $559. The deeper the pullback, the longer the time it takes for the pair to recover.

A break above the moving average is the first sign of lower sales pressure. The pair can reach $644 and then go up to $686. This could attract sellers.

Solana Price Analysis

Solana (Sol) is narrowed between 20-day EMA ($132) and $120 support, indicating the potential for a widening range in the short term.

When prices close above the 20-day EMA, it suggests that buyers have overwhelmed the sellers. The Sol/USDT pair rose to a 50-day SMA ($145) and then to $180.

This positive view will be void in the short term if the price drops from the moving average and falls below $120. This will allow the price to be raised to $110, where buyers are expected to intervene.

Dogecoin Price Analysis

Dogecoin (Doge) remains pinned under the 20-day EMA ($0.17), indicating that the bear continues to sell at minor gatherings.

The first sign of strength is a break and close above the 20-day EMA. The Doge/USDT pair may rise to $0.21. This can serve as a powerful barrier. If the buyer penetrates the $0.21 resistance, the pair will be $0.24 and then can rally to $0.29.

The seller may have other plans. They try to defend their moving average and lower the price to under $0.16. If they can accomplish that, the pair can descend to $0.14 support. Breaks and closes below the $0.14 level could potentially sink the pair to $0.10.

Cardano Price Analysis

Buyers are trying to push Cardano (ADA) back over the uptrend line, but the bear could potentially sell near the moving average.

20 days of EMA ($0.71) and RSI just below the midpoint signal where the bear has an edge. If prices drop and fall below $0.63, the ADA/USDT pair could go to $0.58 and then plummet to $0.50.

Buyers must drive and maintain prices above the 50-day SMA ($0.75) to show changes in short-term potential trends. The pair could potentially collect at $0.84, but this could serve as a hurdle.

Related: Will Bitcoin prices crash again?

Toncoin price analysis

Toncoin (Tong) outperformed the $4.14 resistance on March 1, but the Bulls were unable to maintain their breakout.

A minor positive in favour of the Bulls is that they don’t allow prices to fall well below $4.14. This increases the chances of breaks exceeding overhead resistance. The Ton/USDT pair could go up to $5 and then $5.50.

A 20-day EMA ($3.71) is an important support to keep an eye on the downsides. If the support is broken, it indicates that the bull has lost its grip. The pair can slide into a 50-day SMA ($3.48) and slide to $2.81.

Chain Link Price Analysis

ChainLink (Link) tried to rise above the 20-day EMA ($14.32) on April 1st, but the bear held the ground.

Sellers try to attract prices to the support line of the downward channel pattern. This remains at a notable, important short-term level. If the price breaks under the support line, the Link/USDT pair could go down to $10.

If buyers want to prevent the downside, they will need to push and maintain prices above the 50-day SMA ($15.47). If they can do that, the pair could go up to $17.50 and then converge on the line of resistance.

Rare SED LEO price analysis

The rare SED LEO (LEO) fell from an overhead resistance of $9.90 and fell under the uptrend line on March 30th.

However, the Bears were unable to maintain a lower level, and the Bulls pushed the price back into the triangle on April 1st. The recovery is expected to face sales at 20 days at EMA ($9.60). If prices fall from the 20-day EMA and fall below the uptrend line, the risk of a decline increases to $8.

Instead, if the LEO/USD pair breaks beyond the 20-day EMA, it suggests that the market refused to break down. Breakouts and closures above $9.90 complete the ascending triangle pattern. This has a target target of $12.04.

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.