Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – April 5, 2022

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Last Updated April 5th 2022
8 Min Read

Bitcoin and altcoins buying volumes are rising at key resistance levels on April 5th, signalling a potential short-term bull trend. 

Bitcoin and altcoins had a volatile day on April 4th. They dipped before buyers’ regained control towards the end of the day. Buyers are still in control on April 5th, though they are now struggling at key resistance levels. The big question at this point is, will the uptrend continue, or is a correction imminent? Let’s dive into the top-10 cryptocurrencies to find out. 

BTC/USD

Bitcoin (BTC) had a minor dip on March 4th before turning strongly bullish towards the end of the day. However, buying volumes have dropped on March 5th, though bulls are still in control. 

BTC/USD daily chart 040522

BTC/USD daily chart. Source: TradingView

If Bitcoin bulls can sustain momentum, they can expect bears to put up a fight at $46,981.01, a price level where bears managed to reverse the price on April 3rd. If buying volumes are strong enough to break the wall of short-sellers at $46,981.01, then Bitcoin could test $48k in the short term. 

However, if Bitcoin bulls lose momentum and bears take control, they can expect bulls to put up a fight in the $46,274.56 - $46,169.91 price level between the 50-day and 100-day MA. If bears can break the wall of buyers in the $46,274.56 - $46,169.91 level, then Bitcoin could test $44,413.29 in the short term. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) had a minor dip on April 4th before turning strongly bullish towards the end of the day. However, buying volumes have dropped on April 5th, and Ethereum is starting to consolidate.  

ETH/USD daily chart 040522

ETH/USD daily chart. Source: TradingView

If Ethereum buying volumes increase, bulls can expect bears to put up a fight at $3546.80, a price level where bears managed to reverse the price on April 3rd. If buying volumes are strong enough to break the wall of short-sellers at $3546.80, then Ethereum could test $3800 in the short term. 

However, if Ethereum bulls lose momentum and bears take control, they can expect bulls to put up a fight at $3493.25 on the 50-day MA. If bears can break the wall of buyers at $3546.80, then Ethereum could test $3424.85 in the short term. 

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) was bearish for most of April 4th. However, bulls gained control toward the end of the day, albeit with low volumes. Bulls hit a wall of short-sellers at $134.05 on the 100-day MA, and Solana bulls continue to fight hard at this price level on April 5th.

SOL/USD daily chart 040522

SOL/USD daily chart. Source: TradingView

If Solana buying volumes increase, bulls can expect bears to put up a fight at $134.58, a price level where bears managed to reverse the price on April 3rd. If buying volumes are strong enough to break the wall of short-sellers at $134.58, Solana could test $150 in the short term. 

However, if Solana bulls lose momentum and bears take control, they can expect bulls to put up a fight at $127.3, a price level where bulls ended a potential bear run on April 4th. If bears can break the wall of buyers at $127.3, Solana could test $118.16 in the short term. 

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) had a minor dip on April 4th before turning strongly bullish towards the end of the day. Buying volumes are still high on April 4th, though bears are fighting hard to enter the market. 

BNB/USD daily chart 040522

BNB/USD daily chart. Source: TradingView

If BNB buying volumes increase, bulls can expect bears to put up a fight at $459.4, the highest price that BNB has hit in the last 24-hours and one where bears have managed to end the uptrend. If buying volumes are strong enough to break the wall of short-sellers at $459.4, BNB could test $550 in the short term. 

However, if Binance Coin bulls lose momentum and bears take control, they can expect bulls to put up a fight at $446.4 on the 50-day MA. If bears are strong enough to break the wall of buyers at $446.4, they can expect bulls to put up an even bigger fight at $443.4 on the 100-day MA. If bears can break the wall of buyers at $443.4, BNB could test $424.2 in the short term. 

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Ripple (XRP) had a minor dip on April 4th before turning strongly bullish, albeit with low volumes towards the end of the day. However, buying volumes have dropped on April 5th, and XRP is entering a consolidation phase. 

XRP/USD daily chart 040522

XRP/USD daily chart. Source: TradingView

If XRP buying volumes increase, bulls can expect bears to put up a fight at $0.8308 on the 100-day MA. If buying volumes are strong enough to break the wall of short-sellers at $0.8308, XRP could test $0.90 in the short term. 

However, if XRP bears take control, they can expect bulls to put up a fight at $0.811, a price level where bulls managed to reverse the price course on April 4th. If bears are strong enough to break the wall of buyers at $0.811, XRP could test $0.7801 in the short term. 

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) had a volatile day on April 4th. Cardano started the day strongly bearish before bulls recovered most of the gains towards the end of the day. However, bulls have lost momentum on April 5th, and ADA’s selloff is accelerating. 

ADA/USD daily chart 040522

ADA/USD daily chart. Source: TradingView

If ADA buying volumes increase, bulls can expect bears to put up a fight at $1.204 on the 20-day MA. If buying volumes are strong enough to break the wall of short-sellers at $1.204, ADA could test $1.30 in the short term. 

However, if ADA bears sustain momentum, they can expect bulls to put up a fight at $1.192 on the 50-day MA. If bears are strong enough to break the wall of buyers at $1.192, they can expect bulls to put up an even bigger fight at $1.178 on the 100-day MA. If bears can break the wall of buyers at $1.178, ADA could test $1.143 in the short term. 

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) had a mixed day on April 4th. AVAX had a minor dip in the early part of the day but recovered all the losses towards the end of the day. However, bulls have lost momentum on April 5th after hitting a wall of short-sellers at $96.89 on the 100-day MA.  

AVAX/USD daily chart 040522

AVAX/USD daily chart. Source: TradingView

If AVAX buying volumes increase, bulls can expect bears to put up a fight at $96.89 on the 100-day MA. If buying volumes are strong enough to break the wall of short-sellers at $96.89, AVAX could test $110 in the short term. 

However, if AVAX bears sustain momentum, they can expect bulls to put up a fight at $94.83 on the 20-day MA. If bears are strong enough to break the wall of buyers at $94.83, ADA could test $90.80 in the short term. 

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) had a minor dip on April 4th before turning strongly bullish towards the end of the day. However, buying volumes have dropped on April 5th, and LUNA is starting to consolidate. 

LUNA/USD daily chart 040522

LUNA/USD daily chart. Source: TradingView

If LUNA's buying volumes increase, bulls can expect bears to put up a fight at $118.51, the highest price that LUNA has hit in the last 24-hours. If buying volumes are strong enough to break the wall of short-sellers at $118.51, LUNA could test $130 in the short term. 

However, if LUNA bears gain momentum, they can expect bulls to put up a fight at $114.0 on the 50-day MA. If bears are strong enough to break the wall of buyers at $114.0, they can expect bulls to put up an even bigger fight at $111.47 on the 100-day MA. If bears can break the wall of buyers at $111.47, LUNA could test $99.0 in the short term. 

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) had a volatile day on April 4th. DOGE started the day strongly bearish before bulls recovered most of the gains towards the end of the day. The upside momentum continues on April 4th, though bulls have hit a wall of short-sellers at $0.1540. 

DOGE/USD daily chart 040522

DOGE/USD daily chart. Source: TradingView

If DOGE buying volumes increase and bulls break the wall of short-sellers at $0.1540, DOGE could test $0.170 in the short term. 

However, if DOGE bears gain momentum, they can expect bulls to put up a fight at $0.1462 on the 50-day MA. If bears are strong enough to break the wall of buyers at $0.1462, they can expect bulls to put up an even bigger fight at $0.1431 on the 100-day MA. If bears can break the wall of buyers at $0.1431, DOGE could test $0.1338 in the short term. 

Related: Dogecoin (DOGE) Price Predictions 

SHIB/USD

Shiba Inu (SHIB) was bearish in the early part of April 4th before turning bullish for the rest of the day. Bulls have maintained upside momentum, albeit with low volumes on April 5th, though bears are putting up a fight at $0.000002687. 

SHIB/USD daily chart 040522

SHIB/USD daily chart. Source: TradingView

If SHIB buying volumes increase, bulls can expect bears to put up a fight at $0.00002714, the price where bears managed to reverse the trend on March 4th. If buying volumes are strong enough to break the wall of short-sellers at $0.00002714, SHIB could test $0.00002902 in the short term. 

However, if SHIB bears gain momentum, they can expect bulls to put up a fight at $0.000002657 on the 50-day MA. If bears are strong enough to break the wall of buyers at $0.00002657, they can expect bulls to put up an even bigger fight at $0.00002640 on the 100-day MA. If bears can break the wall of buyers at $0.00002640, SHIB could test $0.00002492 in the short term. 

Related: Shiba Inu (SHIB) Price Predictions