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BTC, ETH, ADA and BNB Price Analysis for April 2

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Sat, 2/04/2022 - 17:32
BTC, ETH, ADA and BNB Price Analysis for April 2
Cover image via www.tradingview.com

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Bulls could restore their positions as the weekend has begun with the market bouncing back.

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Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 2.73% over the last 24 hours.

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BTC/USD chart by TradingView

On the daily chart, BTC has continued its growth after the bounceback from the support level at $44,776. If bulls can hold the zone around $47,000, the rise may continue to the resistance around $50,000 next week.

Bitcoin is trading at $46,798 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC) with a rise of 5% since yesterday.

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ETH/USD chart by TradingView

Ethereum (ETH) has broken the resistance level at $3,483 on the daily chart. The growth has been accompanied by an increased trading volume, which means that bulls are ready to keep the rise going.

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In this case, the breakout may lead to a further upward move to $3,600-$3,700 in the next few days.

Ethereum is trading at $3,505 at press time.

ADA/USD

Cardano (ADA) has followed the rise of BTC, going up by almost 4%.

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ADA/USD chart by Trading View

Cardano (ADA) remains bullish even though it is trading in the wide channel. If bulls' pressure continues, there is an opportunity to see a breakout of the $1.246 level next week.

ADA is trading at $1.187 at press time.

BNB/USD

Binance Coin (BNB) is not an exception to the rule, growing by 3.75% over the past 24 hours.

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BNB/USD chart by TradingView

Binance Coin (BNB) has made a false breakout of the recently formed local resistance zone at $452.3. However, bulls do not seem ready to give up and are returning the price to the zone around $450.

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If the daily candle fixes around this mark, buyers may accumulate energy for a breakout once again.

BNB is trading at $448.7 at press time.

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