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Price analysis 4/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

addc3c06-2cd4-44b3-b698-e3075407f6aa.jpg

Bitcoin and select altcoins turned down sharply on April 19 but a minor positive is that the bulls are trying to defend their respective support levels.

Bitcoin (BTC) has been witnessing volatile moves in the past three days. The pick-up in volatility shows that the buyers and sellers are vying for supremacy.

Bitcoin recovered sharply on April 18 but gave back all the gains on April 19. The latest sell-off may have been triggered by the high inflation figures in the United Kingdom and the regulatory uncertainty in the United States. Profit booking was not limited to Bitcoin as most major altcoins also turned lower.

bd983d08-ab4b-4802-abf5-c6edcb84f1eb.pngDaily cryptocurrency market performance. Source: Coin360

While a deep correction is possible, Glassnode said in its analysis on April 17 that several on-chain indicators are pointing toward the end of the bear market. If that is the case, the dips may be viewed as a buying opportunity by long-term investors.

What are the important support levels that are likely to be guarded by the bulls? Let’s study the charts of the top-10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is witnessing a keen battle between the bulls and the bears at the 20-day exponential moving average ($29,092). The bears are trying to sink the price below the 20-day EMA while the bulls are attempting to start a strong rebound.

8bd2befd-bc4a-47a5-a12b-c4dbad96e922.pngBTC/USDT daily chart. Source: TradingView

If the price snaps back from the 20-day EMA, it will suggest that the sentiment remains positive and that traders are viewing the dips as a buying opportunity.

The bulls will then make one more attempt to overcome the resistance zone between $31,000 to $32,000. If they succeed, it will indicate the resumption of the uptrend. The BTC/USDT pair may then soar to $40,000.

The bears are likely to have other plans. If they tug the price below the 20-day EMA, the selling could accelerate and the pair may slump to $27,800 and subsequently to $26,500.

Ether price analysis

The bulls tried to resume the uptrend in Ether (ETH) on April 18 but the bears remained sellers near the overhead resistance at $2,200.

11e17def-e57e-4cf7-b017-aac790411463.pngETH/USDT daily chart. Source: TradingView

The ETH/USDT pair has pulled back to the 20-day EMA ($1,949), which is just below the psychological support of $2,000. This is an important support for the bulls to defend because a break and close above it may tilt the advantage in favor of the sellers. The pair may first collapse to $1,800 and later to $1,700.

Instead, if the price rebounds off the 20-day EMA, it will suggest that the bulls are trying to flip the $2,000 level into support. If they can pull it off, the pair may rally to $2,200. A break and close above this level will clear the path for a potential rally to $3,000.

BNB price analysis

Buyers defended the $338 level on April 17 and 18 but failed to push the price above the $350 resistance. That may have emboldened the bears who pulled BNB (BNB) to the 20-day EMA ($325) on April 19.

42538c0a-6047-4f97-b578-c4c3583d7823.pngBNB/USDT daily chart. Source: TradingView

This is an important level to keep an eye on because if it cracks, the selling could intensify and the BNB/USDT pair may nosedive to the 200-day simple moving average ($294). This level is likely to attract solid buying by the bulls.

Another possibility is that the price turns up quickly from the 20-day EMA. If that happens, it will suggest that the bulls are buying the pullbacks. They will then make another attempt to kick the price above $350. If they can pull it off, the pair may shoot up to $400.

XRP price analysis

XRP (XRP) rebounded off the 20-day EMA ($0.50) on April 18 but the bulls could not clear the overhead hurdle at the resistance line.

813ac132-3d9d-46f5-bf88-f5359185868f.pngXRP/USDT daily chart. Source: TradingView

The price turned down sharply on April 19 and collapsed below the 20-day EMA ($0.50). However, the long tail on the candlestick shows that the buyers are trying to arrest the decline at the 50% Fibonacci retracement level of $0.47.

Any attempt to recover is likely to face strong selling in the zone between the resistance line and $0.58. On the downside, a break below $0.47 could drag the XRP/USDT pair down to the 200-day SMA ($0.41). The bulls are likely to aggressively buy the dips to this level.

Cardano price analysis

Cardano (ADA) is in a pullback, which has reached the breakout level of the neckline of the inverse H&S pattern.

ADA/USDT daily chart. Source: TradingView

If the price snaps back from the neckline, it will suggest that the bulls have flipped the level into support. That will enhance the prospects of a break above $0.46. The ADA/USDT pair may then start its northward march toward the pattern target of $0.60. The $0.52 level may act as a resistance but it is likely to be crossed.

Contrary to this assumption, if bears pull the price below the neckline, it will suggest that the breakout may have been a bull trap. The pair may then tumble to the 200-day SMA ($0.35) where the bulls may step in to arrest the decline.

Dogecoin price analysis

Dogecoin (DOGE) had been gradually moving higher but the bulls hit a wall near the 61.8% Fibonacci retracement level of $0.10.

a664712c-a2c8-4093-89ce-586165cdd0a9.pngDOGE/USDT daily chart. Source: TradingView

The bears pulled the price below the 20-day EMA ($0.09) but they could not sustain the lower levels. The bulls bought the dip and started a recovery as seen from the long tail on the April 19 candlestick.

If buyers maintain the buying pressure and push the price above $0.10, the DOGE/USDT pair could reach the crucial resistance at $0.11. Alternatively, a break below the 200-day SMA ($0.08) may keep the pair range-bound between $0.11 and $0.07 for some time.

Polygon price analysis

After trading near the resistance line of the symmetrical triangle pattern for a few days, Polygon (MATIC) turned down and reached the support line.

b7903161-62d9-4c85-90f0-deac384d18bc.pngMATIC/USDT daily chart. Source: TradingView

The flattening 20-day EMA ($1.13) and the RSI below 50 indicate that the bulls may be losing their grip. If the price breaks below the support line, it will tilt the short-term advantage in favor of the bears. The MATIC/USDT pair may then collapse to the 200-day SMA ($1) where the buyers are likely to mount a strong defense.

The first sign of strength will be a break and close above the resistance line. That could open the doors for a potential rally to $1.30.

Related: Can Bitcoin reclaim $30K? Watch these BTC price levels next

Solana price analysis

The failure of the bulls to drive Solana (SOL) above the $27.12 resistance may have attracted short-term bulls to book profits.

1735d79f-f467-4bf2-bde9-b584e6f9e616.pngSOL/USDT daily chart. Source: TradingView

The SOL/USDT pair slipped below the 20-day EMA ($22.82) on April 19 but the long tail on the candlestick suggests that the bulls are trying to protect the level. If the price turns up from the current level, the buyers will again try to kick the pair above $27.12 and commence the journey toward $39.

On the other hand, if the price breaks below the 200-day SMA ($21.02), it will signal that the pair may consolidate between $27.12 and $15.28 for a few days.

Polkadot price analysis

Polkadot (DOT) bounced off the 20-day EMA ($6.49) on April 18 but the bears continued to defend the 61.8% Fibonacci retracement level of $6.85.

d637546b-0401-49ba-9750-ea465bfe419b.pngDOT/USDT daily chart. Source: TradingView

Strong selling by the bears yanked the price below the 20-day EMA on April 19 but the bulls are attempting to guard the uptrend line. If the price turns up from the uptrend line, the buyers will again try to resume the up-move and propel the DOT/USDT pair to the neckline of the inverse H&S pattern.

On the contrary, if the uptrend line gives way, the bears will try to sink the pair to $5.70. This is an important level to keep an eye on because below it, the pair could drop to $5.15.

Litecoin price analysis

Litecoin (LTC) rose above the immediate resistance of $96 on April 14 and reached $103 on April 18 but the bulls could not sustain the higher levels.

f320879b-7b9c-4dba-8233-df7b338d8f70.pngLTC/USDT daily chart. Source: TradingView

Aggressive profit-booking by the bears pulled the price back below the support at $96. This suggests that the bulls may be rushing to the exit. The selling could accelerate further if the price dips and sustains below the 20-day EMA ($94). The LTC/USDT pair could then extend its decline to $85.

Conversely, if the price turns up from the current level, it will suggest that bulls continue to accumulate at lower levels. The bulls will then again try to push the price to the stiff overhead resistance at $106.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.

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    HOW TO RECOVER MONEY LOST IN BITCOIN/USDT TRADING OR TO CRYPTO INVESTMENT !! Hi all, friends and families. I am writing From Alberton Canada. Last year I tried to invest in cryptocurrency trading in 2023, but lost a significant amount of money to scammers. I was cheated of my money, but thank God, I was referred to Hack Recovery Wizard they are among the best bitcoin recovery specialists on the planet. they helped me get every penny I lost to the scammers back to me with their forensic techniques. and I would like to take this opportunity to advise everyone to avoid making cryptocurrency investments online. If you ​​​​​​have already lost money on forex, cryptocurrency or Ponzi schemes, please contact [email protected] or WhatsApp: +1 (757) 237–1724 at once they can help you get back the crypto you lost to scammers. BEST WISHES. Celina Garcia.

  • 06.09.24 01:44 Celinagarcia

    HOW TO RECOVER MONEY LOST IN BITCOIN/USDT TRADING OR TO CRYPTO INVESTMENT !! Hi all, friends and families. I am writing From Alberton Canada. Last year I tried to invest in cryptocurrency trading in 2023, but lost a significant amount of money to scammers. I was cheated of my money, but thank God, I was referred to Hack Recovery Wizard they are among the best bitcoin recovery specialists on the planet. they helped me get every penny I lost to the scammers back to me with their forensic techniques. and I would like to take this opportunity to advise everyone to avoid making cryptocurrency investments online. If you ​​​​​​have already lost money on forex, cryptocurrency or Ponzi schemes, please contact [email protected] or WhatsApp: +1 (757) 237–1724 at once they can help you get back the crypto you lost to scammers. BEST WISHES. Celina Garcia.

  • 16.09.24 00:10 marcusaustin

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  • 16.09.24 00:11 marcusaustin

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  • 23.09.24 18:56 matthewshimself

    At first, I was admittedly skeptical about Worldcoin (ref: https://worldcoin.org/blog/worldcoin/this-is-worldcoin-video-explainer-series), particularly around the use of biometric data and the WLD token as a reward mechanism for it. However, after following the project closer, I’ve come to appreciate the broader vision and see the value in the underlying tech behind it. The concept of Proof of Personhood (ref: https://worldcoin.org/blog/worldcoin/proof-of-personhood-what-it-is-why-its-needed) has definitely caught my attention, and does seem like a crucial step towards tackling growing issues like bots, deepfakes, and identity fraud. Sam Altman’s vision is nothing short of ambitious, but I do think he & Alex Blania have the chops to realize it as mainstay in the global economy.

  • 01.10.24 14:54 Sinewclaudia

    I lost about $876k few months ago trading on a fake binary option investment websites. I didn't knew they were fake until I tried to withdraw. Immediately, I realized these guys were fake. I contacted Sinew Claudia world recovery, my friend who has such experience before and was able to recover them, recommended me to contact them. I'm a living testimony of a successful recovery now. You can contact the legitimate recovery company below for help and assistance. [email protected] [email protected] WhatsApp: 6262645164

  • 02.10.24 22:27 Emily Hunter

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

  • 18.10.24 09:34 freidatollerud

    The growth of WIN44 in Brazil is very interesting! If you're looking for more options for online betting and casino games, I recommend checking out Casinos in Brazil. It's a reliable platform that offers a wide variety of games and provides a safe and enjoyable experience for users. It's worth checking out! https://win44.vip

  • 31.10.24 00:13 ytre89

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

  • 02.11.24 14:44 diannamendoza732

    In the world of Bitcoin recovery, Pro Wizard Gilbert truly represents the gold standard. My experience with Gilbert revealed just how exceptional his methods are and why he stands out as the premier authority in this critical field. When I first encountered the complexities of Bitcoin recovery, I was daunted by the technical challenges and potential risks. Gilbert’s approach immediately distinguished itself through its precision and effectiveness. His methods are meticulously designed, combining cutting-edge techniques with an in-depth understanding of the Bitcoin ecosystem. He tackled the recovery process with a level of expertise and thoroughness that was both impressive and reassuring. What sets Gilbert’s methods apart is not just their technical sophistication but also their strategic depth. He conducts a comprehensive analysis of each case, tailoring his approach to address the unique aspects of the situation. This personalized strategy ensures that every recovery effort is optimized for success. Gilbert’s transparent communication throughout the process was invaluable, providing clarity and confidence during each stage of the recovery. The results I achieved with Pro Wizard Gilbert’s methods were remarkable. His gold standard approach not only recovered my Bitcoin but did so with an efficiency and reliability that exceeded my expectations. His deep knowledge, innovative techniques, and unwavering commitment make him the definitive expert in Bitcoin recovery. For anyone seeking a benchmark in Bitcoin recovery solutions, Pro Wizard Gilbert’s methods are the epitome of excellence. His ability to blend technical prowess with strategic insight truly sets him apart in the industry. Call: for help. You may get in touch with them at ; Email: (prowizardgilbertrecovery(@)engineer.com) Telegram ; https://t.me/Pro_Wizard_Gilbert_Recovery Homepage ; https://prowizardgilbertrecovery.info

  • 12.11.24 00:50 TERESA

    Brigadia Tech Remikeable recovery has exhibited unparalleled strength in the realm of recovery. They stand out as the premier team to collaborate with if you encounter withdrawal difficulties from the platform where you’ve invested. Recently, I engaged with them to recover over a million dollars trapped in an investment platform I’d been involved with for months. I furnished their team with every detail of the investment, including accounts, names, and wallet addresses to which I sent the funds. This decision proved to be the best I’ve made, especially after realizing the company had scammed me. Brigadia Tech Remikeable recovery ensures exemplary service delivery and ensures the perpetrators face justice. They employ advanced techniques to ensure you regain access to your funds. Understandably, many individuals who have fallen victim to investment scams may still regret engaging in online services again due to the trauma of being scammed. However, I implore you to take action. Seek assistance from Brigadia Tech Remikeable Recovery Experts today and witness their remarkable capabilities. I am grateful that I resisted their enticements, and despite the time it took me to discover brigadia tech recovery, they ultimately fulfilled my primary objective. Without Brigadia Tech Recovery's intervention, I would have remained despondent and perplexed indefinitely. Also if you are looking for the best and safest investment company you can contact them, for wallet recovery, difficult withdrawal, etc. I am so happy to keep getting my daily BTC, all I do is keep 0.1 BTC in my mining wallet with the help of Brigadia Tech. They connected me to his mining stream and I earn 0.4 btc per day with this, my daily profit. I can get myself a new house and car. I can’t believe I have thousands of dollars in my bank account. Now you can get in. ([email protected]) Telegram +1 (323)-9 1 0 -1 6 0 5

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