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

Price Analysis
Sat, 04/02/2022 - 17:32
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Denys Serhiichuk
Which coins are likely to keep rising faster than Bitcoin (BTC)?
BTC, ETH, ADA and BNB Price Analysis for April 2
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

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

BTC/USD chart by TradingView
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.

ETH/USD chart by TradingView
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%.

ADA/USD chart by Trading View
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.

BNB/USD chart by TradingView
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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BTC, ETH and SOL Price Analysis for March 30

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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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.