Price Analysis 4/15 – Bitcoin, Ethereum, BNB, XRP, Polygon, Solana, Litecoin, and Dogecoin
The two leading cryptocurrencies, Bitcoin and Ethereum, are now priced above $30,000 and $2,000, respectively. Some analysts claim that these prices could mean the prolonged crypto winter may be coming to an end. Other analysts believe the altseason has begun, but it’s still too early to tell.
Here is the price analysis of some of the top cryptocurrencies:
Bitcoin Price Analysis
The bears attempted to stop upward movement on Wednesday, but the bulls never gave up. They continued purchasing BTC on Thursday and Friday to push its price past the resistance level of $30,440 as of this writing. In case the buyers manage to sustain this price, BTC may surge to $32,300.
If BTC begins a downward trend but doesn’t go below the 20-day EMA (Exponential Moving Average) at $28,568, it will boost the possibilities of a rally above $32,300.
However, if BTC trades below the 20-day EMA, that may give the bears the power to pull it to $25,240.
Ethereum Price Analysis
ETH touched the 20-day EMA of $1,867 on Wednesday. But then bulls came in, pushing its price to $2,000 on Thursday. That price attracted more buyers, causing ETH to hit $2,100 on Friday, a level it hadn’t touched since May 2022. The second-biggest crypto is now trading at $2,113. If bears fail to defend this level, that may lead to ETH reaching $3,000.
On the other hand, if ETH trades below $2,000, it may drop to the 20-day EMA, and if it breaks below this level, the coin may decline further to $1,673.
BNB Price Analysis
Since Wednesday, the bulls have not allowed BNB to slip below $318, which is the 20-day EMA. They will now try to push the price to a resistance level of $338. If the buyers manage to break past this price, BNB may rally to $361.
Conversely, if the bears become active again to pull BNB below the 20-day EMA, the coin may slide to $305.
XRP Price Analysis
XRP buyers have ensured that the token trades above the 20-day EMA of $0.48 over the past three days. At press time, XRP is trading at $0.52. The bulls may push the price to a resistance level of $0.57. If the price surges further, the Ripple-owned token may reach $0.66.
On the contrary, if XRP falls below the 20-day EMA, it may find support at $0.41.
Polygon Price Analysis
MATIC traded below the 20-day EMA of $1.12 on Wednesday before bulls started buying to break above that price the following day. On Friday, the token reached a resistance level of $1.14. Today, buyers have continued purchasing the token, pushing its price to $1.17 as of this writing.
The next resistance is at $1.29. If the bulls break past this level, MATIC may rally to $1.60. But if it starts trending down, it may hit a support level of $1.06.
Solana Price Analysis
The bulls pushed Solana past the 20-day EMA of $21.74 on Wednesday to trade at $24.13 on Saturday. The token is now moving toward the resistance at $27.11. If the bulls break this barrier, SOL may pump to $39. On the downside, if the token turns toward the 20-day EMA, the price may go as low as $15.26.
Litecoin Price Analysis
Litecoin briefly traded below the 20-day EMA of $91.88 on Thursday. The bulls viewed this as a buying opportunity, pushing the token past its first resistance at $96.05 to change hands for $96.39 as of this writing. LTC is pushing toward the next resistance level at the $106 mark. However, if bears level a strong defense to pull the token below the 20-day EMA, it may drop to a support level of $85.
Dogecoin Price Analysis
Dogecoin is trading at $0.089, meaning it’s above the 20-day EMA of $0.084. The bulls had tried to push the price past its first resistance at $0.09, but the bears overpowered them. In case the buyers break the barrier, the dog-themed may reach $0.10. Conversely, if the selling pressure continues, DOGE may slide to $0.081.
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