Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – April 1, 2022

By
Last Updated April 1st 2022
7 Min Read

Bitcoin and altcoins have turned bullish on April 1st, signalling a possible V-shaped recovery. 

Bitcoin and most altcoins turned bearish on March 31st. While bears are still in control, bulls are fighting back hard, and buying volumes are rising. This leads to the question, will bulls regain control in a V-shaped recovery, or will the selloff continue? Let’s analyze the top 10 cryptocurrencies to find out.

BTC/USD

After trading in a tight range in the early hours of March 31st, Bitcoin (BTC) turned strongly bearish towards the end of the day. The selloff continues on April 1st, though buyers are re-entering the market albeit with low volumes. 

BTC/USD daily chart 040122

BTC/USD daily chart. Source: TradingView

If bulls can sustain momentum and high volumes, it would trigger a bullish reversal for BTC. In such a scenario, bulls can expect bears to fight back hard at $45,976.30. If bulls can break the wall of short-sellers at $45,976.30, Bitcoin could retest its March 31st high of $47,607.52 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back to $44,206.58, the lowest price that BTC has hit in the past 24-hours. If bears can overcome the wall of buyers at $44,206.58, Bitcoin could easily test $42,806.19 in the weekend. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) turned strongly bearish in the latter part of March 31st. The selloff continues on April 1st, though selling volumes are slowing down. 

ETH/USD daily chart 040122

ETH/USD daily chart. Source: TradingView

If bulls can push back now that selling volumes appear to be drying up, they could trigger a bullish reversal. In such a scenario, bulls can expect bears to fight back hard at $3371.42 on the 100-day MA. If bulls can break the wall of short-sellers at $3371.43, Ethereum could retest its March 31st high of $3445.42 in the course of the weekend. 

However, if bears sustain momentum, they can expect buyers to push back to $3213.26, the lowest price that ETH has hit in the past 24-hours. If bears can overcome the wall of buyers at $3213.26, Ethereum could easily test $3127.49 over the weekend.  

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) turned strongly bearish in the latter part of March 31st, after a minor rally early in the day. Bulls have pushed through, but bears are fighting back hard at $120.93 on the 50-day MA. 

SOL/USD daily chart 040122

SOL/USD daily chart. Source: TradingView

If bulls can push and break the wall of short-sellers at $120.93, they can expect bears to fight even harder at $124.42 on the 20-day MA. If bulls can break the wall of short-sellers at $124.42, Solana could retest its March 31st high of $129.42 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back at $115.75 on the 100-day MA. If bears can overcome the high number of buyers at $115.75, Solana could easily test $111.12 over the weekend. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was strongly bearish on March 31st. The same trend continues on April 1st though bulls are pushing back, and buying volumes are rising.  

BNB/USD daily chart 040122

BNB/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $436.1 on the 100-day MA. If bulls can break the wall of short-sellers at $436.1, they can expect even more resistance at $437.4 on the 50-day MA. If bulls can break the wall of short-sellers at $437.4, BNB could retest its March 31st high of $449.5 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back at $412.19, the lowest price BNB has hit in the last 24-hours. If bears overcome buyers at $412.19, Binance Coin could easily test $408.3 over the weekend. 

Related: Binance Coin (BNB) Price Predictions 

XRP/USD

Ripple (XRP) turned bearish towards the end of March 31st. The selloff has continued on April 1st though bulls are fighting back, albeit with low volumes. 

XRP/USD daily chart 040122

XRP/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $0.8479 on the 50-day MA. If bulls can break the wall of short-sellers at $0.8479, they can expect even more resistance at $0.8597 on the 100y MA. If bulls can break the wall of short-sellers at $0.8597, XRP could test its March 28th high of $0.9301 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back at $412.19, the lowest price XRP has hit in the last 24-hours. If bears can overcome the wall of buyers at $0.7790, XRP could easily test $0.7797 over the weekend. 

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) was bearish all through March 31st. The selloff continues on April 1st, though selling volumes are dropping, and buyers are entering the market.

ADA/USD daily chart 040122

ADA/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $1.191 on the 100-day MA. If bulls can break the wall of short-sellers at $1.191, they can expect even more resistance at $1.17, the highest price level that ADA hit on March 31st. If bulls can break the wall of short-sellers at $01.191, ADA could test $1.281 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back at $1.103, the lowest price ADA has hit in the last 24-hours. If bears can overcome the wall of buyers at $1.103, ADA could easily test $1.080 over the weekend. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) turned bearish on March 31st, with high volumes. The selloff continues on April 1st though buyers are fighting hard to get into the market. 

AVAX/USD daily chart 040122

AVAX/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $94.49 on the 100-day MA. If bulls can break the wall of short-sellers at $94.49, they can expect even more resistance at $96.16 on the 50-day MA. If bulls can break the wall of short-sellers at $96.16, AVAX could test $101.99 over the weekend. That’s the highest price that AVAX has hit in the last 24-hours. 

However, if bears sustain momentum, they can expect buyers to push back to $90.27, the lowest price AVAX has hit in the last 24-hours. If bears can overcome the wall of buyers at $90.27, AVAX could easily test $84.45 over the weekend. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) was bearish for most of March 31st. The selloff continues on April 1st, though bulls are slowly getting back into the market.  

LUNA/USD daily chart 040122

LUNA/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $103.62 on the 100-day MA. If bulls can break the wall of short-sellers at $103.62, they can expect even more resistance at $105.67 on the 50-day MA. If bulls can break the wall of short-sellers at $105.67, LUNA could test $111.53 over the weekend. That’s the highest price that LUNA has hit in the last 48-hours. 

However, if bears sustain momentum, they can expect buyers to push back at $98.53, the lowest price LUNA has hit in the last 24-hours. If bears can overcome buyers at $98.53, LUNA could easily test $93.99 over the weekend. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) turned bearish towards the end of the day on March 31st. The selloff has continued on April 1st, though buyers are fighting hard to reclaim market control. 

DOGE/USD daily chart 040122

DOGE/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $0.1386 on the 20-day MA. If bulls can break the wall of short-sellers at $0.1386, they can expect even more resistance at $0.1443 on the 100-day MA. If bulls can break the wall of short-sellers at $0.143, DOGE could test $0.1483, over the weekend. That’s the highest price that DOGE has hit in the last 48-hours. 

However, if bears sustain momentum, they can expect buyers to push back to $0.1321, the lowest price DOGE has hit in the last 24-hours. If bears can overcome the wall of buyers at $0.1321, DOGE could easily test $0.1293 in the course of the weekend. 

Related: Dogecoin (DOGE) Price Predictions 

SHIB/USD

Shiba Inu (SHIB) turned bearish on March 31st. The selloff continues on April 1st, though selling volumes are declining, and buyers are entering the market.

SHIB/USD daily chart 040122

SHIB/USD daily chart. Source: TradingView

If bulls continue with the pushback, they can expect bears to fight hard at $0.00002713 on the 100-day MA. If bulls can break the wall of short-sellers at $0.00002713, SHIB could retest its March 31st high of $0.00002805 over the weekend. 

However, if bears sustain momentum, they can expect buyers to push back to $0.00002460, the lowest price SHIB has hit in the last 24-hours. If bears can overcome the wall of buyers at $0.00002460, SHIB could easily test $0.00002423 over the weekend.

Related: Shiba Inu (SHIB) Price Predictions