BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin (BTC) continues to hover over the $69,000 mark, indicating a fierce battle between bulls and bears. Some analysts expect the upcoming Bitcoin halving to be the main trigger, but new research by crypto analytics firm CryptoQuant says the halving is slowing down, as new bitcoin production becomes smaller relative to the long-term supply of bitcoin. Promise keepers”

Another negative voice in the near future is Arthur Hayes, co-founder of BitMEX, who believes that there will be significant weakness in risky assets until May 1. .

If one is riding the short-term volatility, the next rally may encourage the investors in the long-term. Bitfinex analysts said in a research report with Cointelegraph that Bitcoin could rise by 160% post halving to reach between $150,000 and $169,000 in the next 14 months.

Will the Bitcoin bulls assert their dominance and drive the price higher, or will the bears make a comeback? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin broke above the same triangle on April 8, but the bears took the price back to the triangle on April 9. This shows that the bears are trying to catch aggressive bulls.

A slight positive for buyers is that they are trying to buy the 20-day exponential moving average ($68,497). If the price recovers from the 20-day EMA, the BTC/USDT pair will make another attempt to increase resistance above $73,777. If that happens, the pair could go up to $80,000 and then $84,000.

Conversely, if the price breaks below the 20-day EMA, the bears will recognize the opportunity and pull the pair back to the upper line. A break and close below the triangle indicates the start of a correction phase towards $60,000 and finally towards the 61.8% Fibonacci retracement towards $54,298.

Ether price analysis

Ether (ETH) fell sharply from the high resistance of $3,679 on April 9, indicating that the bears are not willing to give up.

The bulls are trying to stop the decline at the 20-day EMA ($3,479). If the price changes from the moving averages, the bulls will have another trip to the $3,679 level. If this resistance is released, the ETH/USDT pair may increase towards the $4,100 resistance.

Contrary to this assumption, if the price is below the moving average, it suggests that the regional action between $3,056 and $3,679 could be extended for a few more days. The trend favors bears at a break below $3,056.

BNB price analysis

BNB (BNB) has broken down from the downtrend line on April 8, but the bulls have not allowed the price to sink below the 20-day EMA ($574). This shows the purchase on each small pot.

The 20-day EMA is gradually rising, and the RSI is in the positive territory, indicating that the path of least resistance is up. If buyers place the price above the triangle, the BNB/USDT pair could rise to $692 and then attempt to target the $795 pattern.

The bears may have other plans. They try to protect the downtrend line and sink the price to the upper line. A break below this support would signal the start of a correction towards $460.

Solana price analysis

The bulls are struggling to push Solana (SOL) above the 20-day EMA ($178), which indicates that the bears are trying to turn the level into resistance.

The bears will try to sink the SOL/USDT pair below the 50-day SMA ($159), but the bulls may defend the level strongly. If the price recovers from the 50-day SMA and rises above the 20-day EMA, it suggests that the pair may consolidate between $162 and $205 for some time.

Alternatively, if the price continues lower and breaks below the 50-day SMA, the pair will complete a two-up pattern. The pair could fall to the next strong support at $126.

XRP price analysis

Buyers tried to extend XRP's (XRP) recovery above the April 9 moving averages, but the long wick on the candlestick indicates selling in the rally.

Flat moving averages and an RSI near the midpoint suggest a balance between supply and demand. This could keep the XRP/USDT pair in the range between $0.56 and $0.69 for the next few days.

If the price rises above 0.69 dollars, the advantage is inclined to buyers. That could clear the way for a rally to the dreaded $0.74. On the downside, a drop below $0.56 could sink the pair to $0.48.

Dogecoin price analysis

Dogecoin's (DOGE) rally on April 8 near $0.21 faced heavy selling pressure from bears.

The bulls bought at the 20-day EMA ($0.19) on April 10, suggesting lower levels of demand. Buyers will make another attempt to drive the DOGE/USDT pair above $0.21. If they manage to do that, the pair could go up to $0.23. A break above this level and a close would indicate an increase to $0.30.

Bears need to hold the price below the 20-day EMA if they want to prevent an upward move. The pair could move down to the 50-day SMA ($0.16).

Token price analysis

Toncoin (Ton) has been trading in a bullish channel pattern for the past few days. The price rallied after breaking above $5.69 on April 8.

The bears are trying to stop the upward movement at the resistance line. If the price drops significantly from the current level, the TON/USDT pair may drop down to the support line of the channel. The bulls are expected to defend the support line tightly as a break below it could initiate a deep correction.

A break and close above the channel indicates the start of a vertical rally. The pair may rise to $8.56 and then to $10.

Related: Here's what's happening in crypto today.

Cardano price analysis

Cardano (ADA)'s recovery hit a wall at the 20-day EMA ($0.61) on April 9, indicating that sentiment is negative and traders are selling in rallies.

The price dropped to strong support at $0.57, which is an important level to watch in the near term. If the price recovers from the current level and rises above the 20-day EMA, it suggests that the ADA/USDT pair may remain in the range between $0.57 and $0.68 for a few more days.

On the other hand, a break below $0.57 would complete a bearish head and shoulders pattern, which could initiate a downward move towards the critical support at $0.46.

Price analysis

Avalanche (AVAX) turned below the low line on April 9, suggesting that the bears will continue to sell on relief rallies.

The AVAX/USDT pair is stuck between the low line and $42. If the bulls enter the price above the reduced line, it indicates that the selling pressure is decreasing. The pair may test the $60 rally.

This view will be rejected if the price continues lower and breaks below $42. This marks the beginning of the next leg down. The pair could drop to $35, which could act as a formidable support.

Shiba Inu price analysis

The bulls tried to push the Shiba Inu (SHIB) above the low line, but the bears held their ground. However, a slight positive for the bulls is that the price did not allow the price to drop below the 61.8% Fibonacci retracement level of $0.000023.

The flat 20-day EMA ($0.000028) and RSI near the midpoint suggest a balance between buyers and sellers. The first strength signal breaks and closes above the bottom line. That could open the doors to a move higher to $0.000033 and then $0.000039.

Conversely, a drop below $0.000023 indicates that the bears are trying to take charge. The SHIB/USDT pair may drop to $0.000017.

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