Price Analysis: BTC, ETH, SOL, BNB, XRP, ADA, AVAX, LUNA, DOGE, SHIB – April 8, 2022

Bitcoin and most altcoins are trading at key resistance levels on April 8th, signalling a potential bullish continuation as buying volumes rise. 

After a selloff on April 6th, Bitcoin and most altcoins turned bullish on April 7th, but with low volumes. Most cryptos are now trading at key resistance levels on April 8th. The question now is, will the uptrend continue, or is a bearish reversal close? Let’s analyze the top 10 cryptocurrencies to find out. 

BTC/USD

Bitcoin (BTC) started consolidating towards the end of the day on April 7th after a selloff earlier. The consolidation continues on April 8th along the 20-day MA. 

BTC/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $43827.67 on the 50-day MA. If bulls can break the wall of short-sellers at $44,977.20, Bitcoin can test $47,175.21 in the short term. 

However, if bears take control during the day, they can expect bulls to put a fight at $42,741.30, the lowest price that Bitcoin hit on April 7th. If bears can break the wall of buyers at $42,741.30, Bitcoin could test $42,311.12 in the short term. 

Related: Bitcoin (BTC) Price Prediction 

ETH/USD

Ethereum (ETH) turned bullish on April 7th after a selloff on April 6th. The uptrend continues on April 8th, and bulls have managed to break the 50-day resistance at $3249.17.

ETH/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $3356.72 on the 100-day MA. If bulls can break the wall of short-sellers at $3356.72, Ethereum can test $3555.57 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $3242.15 on the 50-day MA. If bears can break the wall of buyers at $3242.15, Ethereum could test $3141.61 in the short term.

Related: Ethereum (ETH) Price Prediction

SOL/USD

Solana (SOL) turned bullish on April 7th after a selloff on April 6th. The uptrend continues on April 8th, and bulls have managed to break the 50-day resistance at $118.27. However, bears are retaking control, and Solana is trending towards the 50-day MA. 

SOL/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $122.54, the highest price Solana has hit in the last 24-hours. If bulls can break the wall of short-sellers at $122.54, Solana could test $135.1 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $118.09 on the 50-day MA. If bears can break the wall of buyers at $118.09, Solana could test $108.67 in the short term.

Related: Solana (SOL) Price Prediction

BNB/USD

Binance Coin (BNB) was strongly bullish on April 7th. The uptrend continues on April 8th though bulls have hit a strong wall of short-sellers at $440.3 on the 100-day MA, and bears appear to be taking control. 

BNB/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $440.3 on the 100-day MA. If bulls can break the wall of short-sellers at $440.3, Binance Coin could test $457.9 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $430.1, a price level where BNB bulls fought off a bearish correction on April 7th. If bears can overpower buyers at $430.1, Binance Coin could test $416.1 in the short term.

Related: Binance Coin (BNB) Price Predictions

XRP/USD

Ripple (XRP) turned bullish on April 7th after a selloff on April 6th. The uptrend seems to have slowed down on April 8th, and bulls seem to be losing momentum on April 8th.

XRP/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $0.8035 on the 100-day MA. If bulls can break the wall of short-sellers at $0.8035, XRP could test $0.8366 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $0.7821 on the 50-day MA. If bears overpower bulls at $0.7821, XRP could test $0.7466 in the short term.

Related: Ripple (XRP) Price Predictions

ADA/USD

Cardano (ADA) turned bullish on April 7th after a selloff on April 6th. The uptrend continues on April 8th, though bulls have hit a wall of short-sellers at $1.092 on the 50-day MA. 

ADA/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $1.142 on the 100-day MA. If bulls can break the wall of short-sellers at $1.142, ADA could test $1.228 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $1.087 on the 20-day MA. If bears are strong enough to breach the wall of buyers at $1.087, ADA could test $1.037 in the short term.

Related: Cardano (ADA) Price Predictions

AVAX/USD

Avalanche (AVAX) turned bullish on April 7th after a selloff on April 6th. The uptrend continues on April 8th, though bulls have hit a wall of short-sellers at $89.01, just below the 100-day MA.  

AVAX/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $90.32 on the 100-day MA. If bulls can break the wall of short-sellers at $90.32, AVAX could test $97.65 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $86.92 on the 20-day MA. If bears can overpower the strong buying volumes at $89.62, AVAX could test $81.38 in the short term.

Related: Avalanche (AVAX) Price Predictions

LUNA/USD

Terra (LUNA) was bearish for most of April 7th, but bulls took control towards the end of the day. However, bears have regained control on April 8th and have already broken through a wall of buyers at $104.06 on the 20-day MA. 

LUNA/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $104.06 on the 20-day MA. If bulls can break the wall of short-sellers at $104.06, LUNA can expect bears to put up a fight at $107.05 on the 50-day MA. If bulls can break the wall of short-sellers at $107.05, it could test $111.21 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $100.29 a price where bulls ended a bear run on April 7th. If bears can break the wall of buyers at $100.29, LUNA could test $98.89 in the short term.

Related: Terra (LUNA) Price Predictions

DOGE/USD

Dogecoin (DOGE) turned bullish on April 7th, albeit with low volumes. The uptrend continues on April 8th, and bulls have already broken through a wall of buyers at $0.1509 on the 100-day MA. 

DOGE/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $0.1547, a price level where bears fought off buyers and won, on April 4th. If bulls can break the wall of short-sellers at $0.1547, DOGE could test $0.1750 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $0.1469 on the 20-day MA. If bears can break the wall of buyers at $0.1469, DOGE could test $0.1364 in the short term.

Related: Dogecoin (DOGE) Price Predictions 

SHIB/USD

Shiba Inu (SHIB) turned bullish on April 7th after a selloff on April 6th. The uptrend continues on April 8th, though volumes are low.  

SHIB/USD daily chart. Source: TradingView

If bulls take control on April 8th, they can expect bears to put a fight at $0.00002574 on the 100-day MA. If bulls can break the wall of short-sellers at $0.00002574, SHIB could test $0.00002748 in the short term. 

However, if bears take control in the day, they can expect bulls to put a fight at $0.00002485 on the 20-day MA. If bears can push through the high number of buyer at $0.00002485, SHIB could test $0.00002359 in the short term.

Related: Shiba Inu (SHIB) Price Predictions