Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – April 4, 2022

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Last Updated April 4th 2022
7 Min Read

Bitcoin and altcoins are gaining upside momentum on April 4th, signalling a potential continuation of the bull trend. 

Bitcoin and most altcoins were on a bull trend all through April 3rd. While bulls remain in control on March 4th, selling volumes are rising at crucial resistance levels. This leads to the question, will bulls sustain upside momentum, or are bears about to ruin the party? Let’s analyze the top 10 cryptocurrencies to find out. 

BTC/USD

Bitcoin (BTC) was range-bound throughout April 3rd along the 50-day MA. However, on April 4th, bulls have taken control and with high volumes. Currently, Bitcoin is testing the upper bound of the April 3rd range at $46,776.21.

BTC/USD daily chart 040422

BTC/USD daily chart. Source: TradingView

If Bitcoin bulls can break the wall of short-sellers at $46,776.21, they can expect bears to put up an even bigger fight at $47,401.49, a price level where bears won control on March 31st. If bulls can push through the $47,401.49 resistance, Bitcoin could test $50k in the short term.

However, if bears can fight off bulls at $46,776.21, they can expect bulls to put up a fight at $46 375.72 on the 50-day MA. If bears can break the wall of buyers at $46,375.21, Bitcoin could test $44,403.77 in the short term.

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) was range-bound all through April 3rd along the 20-day MA. However, on April 4th, bulls have taken control and with high volumes. Currently, Ethereum has broken the upper bound of the April 3rd range at $3525.01, and buying volumes are on the rise.

ETH/USD daily chart 040422

ETH/USD daily chart. Source: TradingView

If Ethereum bulls can sustain momentum above the $3525.01 level, they can expect bears to put up an even bigger fight at $3800, a price level where bulls have shown weakness in the past. If bulls can push through the $3800 resistance, Ethereum could test $4k in the short term.

However, if bears can fight off bulls and drive the price back through $3525.01, they can expect bulls to put up a fight at $3475.05 on the 50-day MA. If bears were to break the wall of buyers at $3475.05, Ethereum could test $3414.97 on the 100-day MA in the short term.

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was volatile on April 3rd, a stack contrast from the rest of the market. It rallied in the early part of the day but turned bearish later, negating all losses made earlier. However, bulls have made a strong comeback on April 4th. The buying momentum is so strong that bulls have managed to break a wall of short-sellers at $137.06 on the 20-day MA, and the price is trending up. 

SOL/USD daily chart 040422

SOL/USD daily chart. Source: TradingView

If bulls can sustain momentum above $137.06, they can expect bears to put up an even bigger fight at $139.91, a price level where bulls ended a potential bull trend on April 3rd. If bulls can push through the $139.91 resistance, Solana could test $150 in the short term.

However, if bears can fight off bulls and drive the price back through $137.06 on the 20-day MA, they can expect bulls to fight at $132.45, a price level where bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $132.45, Solana could test $124.21 in the short term.

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was on an uptrend all through April 3rd. Upside momentum is rising on April 4th, and buying volumes have shot up. 

BNB/USD daily chart 040422

BNB/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to put up a fight at $500. If bulls can push through the $500 resistance, Binance Coin could test $600, or more, in the short term.

However, if bears can fight off bulls and drive the price back through $445.6 on the 50-day MA, they can expect bulls to put up a fight at $441.2 on the 100-day MA. If bears were to break the wall of buyers at $441.2, Binance Coin could test $432 in the short term.

Related: Binance Coin (BNB) Price Predictions 

XRP/USD

Ripple (XRP) was on a low volume uptrend through April 3rd. Upside momentum is on the rise on April 4th, and buying volumes are rising. 

XRP/USD daily chart 040422

XRP/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to put up a fight at $0.875, a price level where bears ended a bull trend on March 31st. If bulls can push through the $0.875 resistance, XRP could test $1 in the short term.

However, if bears can fight off bulls and drive the price back through the 100-day MA at $0.8359, they can expect bulls to put up a fight at $0.8211, a price where bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $0.8211, XRP could test $0.8001 in the short term.

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) was on a low volume uptrend on April 3rd. Upside momentum is on the rise on April 4th, and buying volumes are rising.

ADA/USD daily chart 040422

ADA/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to put up a fight at $1.22, a price level where bears ended a bull trend on March 31st. If bulls can push through the $1.22 resistance, ADA could test $1.50 in the short term.

However, if bears can fight off bulls and drive the price back through the 50-day MA at $1.174, they can expect bulls to fight at $1.152, a price where bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $1.152, ADA could test $1.109 in the short term.

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) was volatile on April 3rd compared to most major cryptocurrencies. AVAX was bullish in the early part of the day, then turned bearish later, erasing all losses made earlier. However, bulls have made a strong comeback on April 4th. The buying momentum is so strong that bulls have managed to break a wall of short-sellers at $98.47 on the 50-day MA, and the price is pushing higher. 

AVAX/USD daily chart 040422

AVAX/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to put up a fight at $100.13, a price level where bears ended a bull trend on April 3rd. If bulls can push through the $100.13 resistance, AVAX could test $105 in the short term.

However, if bears can fight off bulls and drive the price back through the wall of buyers in the 50-day to 100-day moving average range at $98.49 – 97.53, they can expect bulls to put up an even bigger fight at $95.78, a price where bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $95.78, AVAX could test $90.83 in the short term.

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) was bearish for most of April 3rd. The same trend continues on April 4th, though bulls are putting up a fight at $112.53 on the 50-day MA. 

LUNA/USD daily chart 040422

LUNA/USD daily chart. Source: TradingView

If bulls can sustain momentum, they can expect bears to put up a fight at $117.22, a price level where bears took control on April 3rd. If bulls can push through the $117.22 resistance, LUNA could test $150 in the short term.

However, if bears can fight off bulls and drive the price back through the wall of buyers at $112.53 on the 50-day, they can expect bulls to put up an even bigger fight at $108.72 on the 100-day MA. If bears were to break the wall of buyers at $108.72, LUNA could test $99.0 in the short term.

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) was on a strong uptrend all through April 3rd. However, bullish momentum has stalled, and selling volumes rise. 

DOGE/USD daily chart 040422

DOGE/USD daily chart. Source: TradingView

If bulls can sustain momentum and push through the wall of short-sellers at $0.1480, they can expect bears to put up an even bigger fight at $0.1522, a price level where bears took control on March 28th. If bulls can push through the $0.1522 resistance, DOGE could test $0.18 in the short term.

However, if bears can fight off bulls and drive the price back through the wall of buyers at $0.1414 on the 50-day MA, they can expect bulls to put up an even bigger fight at $0.1377, a price level where Dogecoin bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $0.1377, DOGE could test $0.1319 in the short term.

Related: Dogecoin (DOGE) Price Predictions 

SHIB/USD

Shiba Inu (SHIB) was on a low volume uptrend on April 3rd. However, bullish momentum has stalled, and selling volumes are rising at around $0.00002716. 

SHIB/USD daily chart 040422

SHIB/USD daily chart. Source: TradingView

If bulls can sustain momentum and push through the wall of short-sellers at $0.00002716, they can expect bears to put up an even bigger fight at $0.00002787, a price level where bears took control on April 2nd. If bulls can push through the $0.00002787 resistance, SHIB could test $0.00003001 in the short term.

However, if bears can fight off bulls and drive the price back through the wall of buyers at $0.00002653 on the 100-day MA, they can expect bulls to put up an even bigger fight at $0.00002579, a price level where Shiba Inu bulls reversed a bear trend on April 3rd. If bears were to break the wall of buyers at $0.00002579, SHIB could test $0.00002455 in the short term.

Related: Shiba Inu (SHIB) Price Predictions