Buy and Sell Levels for BTC, XRP, SOL, AVAX Coin and These 6 Altcoins!

Buy and Sell Levels for BTC, XRP, SOL, AVAX Coin and These 6 Altcoins!
Buy and Sell Levels for BTC, XRP, SOL, AVAX Coin and These 6 Altcoins!
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Bitcoin has been stuck in a range after investors aggressively bought the lows. According to analysts, this points to solid demand at lower levels. Have Bitcoin and certain altcoins like AVAX Coin bottomed in the short term? Crypto analyst Rakesh Upadhyay examines the top 10 cryptocurrencies to find out.

BTC, ETH, BNB, SOL and XRP Coin analysis

Bitcoin (BTC) price analysis

The fact that buyers bought Bitcoin’s fall on April 19 shows the strength of the bulls. However, the struggle above the 20-day moving average of $66,067 suggests that the bears may form a strong resistance. If the price falls below the $60,775 level, the double top pattern is completed. In this case, the $47,773 target comes to the table. If the price rises, BTC could trade between $60,775 and $73,777 for a while. It is also possible that an increase above $73,777 could push the price to the $84,000 level.

Ethereum (ETH) price analysis

Ether approached the 20-day moving average level. Now, a tough struggle is expected above this level. If the price bounces back, it is possible that the bears could push ETH as low as $2,852. Alternatively, if the price breaks above the 20-day moving average, the correction could be considered over and the price could try to rise to the $3,679 level.

Binance Coin (BNB) price analysis

BNB is consolidating between $495 and $635. There is uncertainty about the direction between bulls and bears. If the bulls break through the resistance at $565, BNB could rise as high as $635. However, if the price falls below $495, the double top pattern may be completed. In this case, the price is likely to fall towards the $460 and then $400 levels.

Solana (SOL) price analysis

Solana finds support at the $126 level. This shows the strength of the bulls. The price is expected to approach the 20-day moving average level. But if the price drops sharply, it is possible that the bears will push the SOL below $126. Otherwise, if the price rises, SOL is likely to rise to the $185 level.

Ripple (XRP) price analysis

XRP is oscillating between $0.46 and $0.52, showing the bulls’ willingness to rally. But there is resistance above the 20-day moving average. So the bears are probably still active. If the price bounces back, XRP could retest the $0.46 level. But if the price rises, it will indicate that the correction is over. In this case, movement in the wide range of $0.41 to $0.74 is possible for a while.

Analysis of DOGE, TON, ADA, SHIB and AVAX Coin

Dogecoin (DOGE) price analysis

Dogecoin appeared with a long tail on the April 19 candlestick. This suggests that bulls are struggling to hold the $0.14 support. If the rebound continues, it is possible that Dogecoin could move up to the bearish trend line. However, the price is likely to be strongly supported by buyers from the area between $0.14 and $0.12. Because if it breaks these levels, DOGE is likely to fall further and go as low as $0.10.

Toncoin (TON) price analysis

Toncoin (TON) rebounded from the support line of the ascending channel pattern on April 18. Thus, it shows that the bulls continue to defend the level strongly. If it slides below the channel, this would signal a trend change in the near term. Thus, it is possible that TON could retrace down to the 50-day SMA. However, a break above the channel could open the doors for a rally. In this case, TON could rise as high as $8.56 and then $10.

AVAX Coin

Cardano (ADA) price analysis

ADA traded below the $0.46 support for several days. However, the bulls did not allow the price to fall below $0.40. If the price stays at this level, it could trigger a move towards $0.52. However, if the price drops sharply from the 20-day EMA, it will indicate that the rallies have been sold. In this case, the price is likely to fall towards the $0.46 to $0.40 support zone. If it breaks these support levels, the price could fall as low as $0.35.

AVAX Coin

Avalanche (AVAX Coin) price analysis

AVAX Coin is consolidating inside the bearish trend line. This suggests that AVAX Coin bulls are struggling to stop the decline. The zone between $32 and $27 is likely to act as a strong support. If the AVAX Coin price rebounds strongly from this support zone, the price is likely to move up towards the bearish trend line. However, the bulls need to break through this resistance to show that the correction is over. AVAX Coin could then attempt a rally towards $50. However, if the price of AVAX Coin falls and breaks below $27, this would indicate that the bears have taken control. This could take it as low as $20.

AVAX Coin

Shiba Inu (SHIB) price analysis

As you have been following on Kriptokoin.com, SHIB has been hovering around $0.000022 for the last few days. This shows that there is a balance between buyers and sellers. If the price breaks below $0.000020, a drop to $0.000017 is possible. If the bears prevail, SHIB could fall as low as $0.000010. However, if the price rises and stays above the bearish trend line, the advantage will be in favor of the buyers. It is possible that SHIB will gradually rise up to $0.000033. After that, a rally up to $0.000039 could be on the agenda.

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Buy and Sell Levels for BTC, XRP, SOL, AVAX Coin and These 6 Altcoins!