Crypto price analysis APR-7: ETH, XRP, ADA, BNB, Sol
Crypto price analysis APR-7: ETH, XRP, ADA, BNB, Sol
This week we take a closer look at Ethereum, Ripplecardano, Binance Coinund Solana.
Ethereum (ETH)
Ethereum moved further this week and was able to record a price increase of 3.5 %. ETH broke through the key resistance at $ 1,800, which now acts as support.
The next resistance can be found at $ 2,000 and represents an important psychological level that will probably attract sellers and winners. The momentum is currently favors buyers, but it is best to be careful when you consider that the key resistance is not far away.
With a view to the future, even if Ethereum succeeds in continuing its rally, it would be surprising if the price would increase over $ 2,000. The more likely scenario is that a pullback follows instead.
Diagram of Tradingview
ripple (XRP)
The XRP rally took a sharp turn this week after touching the key resistance at 53 cents. The course has fallen since then and closed the last seven days with a loss of 4.6 %. The current support is 43 cents.
Despite this withdrawal, the momentum continues to promote buyers, and the MacD indicator remains bullish. A new test of the key resistance appears likely, and only a significant correction of the overall market would prevent this.
with a view to the future, XRP seems to have awakened. This most recent rally was sustainable and significant when you consider that it converted the 43 cent level with support within a few days. XRP also achieved a higher high, which gives this price campaign an overall bullish tendency.
Diagram by Tradingview
cardano (ada)
Cardano fought for profits this week and ended with a modest price increase of 0.7 %. In addition, the cryptocurrency has just lost support at 38 cents, which indicates that ADA could fall back to $ 0.35, where the next important support level is located.
This decline in dynamics also makes the MACD and RSI indicators decline, with the MACD being on the basis of a declining cross during the day, if the buyer will not come soon. The RSI also approaches the middle level quickly with 50 points. If it is lost, Ada could decline.
look ahead , it seems that this retreat could last because ADA seems to have lost its buyers at this point. If the support lasts 35 cents, this could serve as a good pivot point for a trend reversal.
Diagram of Tradingview
binance coin (bnb)
Binance Coin had a difficult April in which the price continued to reach lower low. For this reason, he concluded with a loss of 2.1 % and does not seem to have found any support. Rather, the key resistance at $ 315 bulls rejected again and the price falls.
The current support is just under $ 300, and BNB could reach this level again if the price movement does not change. The indicators do not provide any evidence of a trend reversal and show a lack of strength.
look ahead, Binance Coin should continue his correction that started in mid -March. If this is the case, a reversal is unlikely until the price finds support. The most likely candidate for this is around the $ 300 mark.
Solana (sol)
Solana is in a flat trend. The buyers did a good job to defend support at $ 20, and so far the price has lost only 0.8 % of its evaluation this week. As long as the key support lasts, Sol has a good chance of trying out an outbreak as soon as the volatility returns.
The main resistance is $ 22, and this cryptocurrency was rejected at this level in mid -March. Since then the price has been flat. Due to the lack of interest from the market participants, the momentum indicators do not give a clear tendency.
With a view of the future, Solana seems to be in a break, since the praise does not show the conviction of bulls or bears.
Diagram of Tradingview
The article Crypto Price Analysis APR-7: ETH, XRP, ADA, BNB, Sol first appeared on Cryptopotato.
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