Original U.Today article

BTC, ETH and TRX Price Analysis for April 24

Can the coins from the top 10 list bounce off after a sharp drop?

Price Analysis

Sat, 24/04/2021 - 15:02

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The market continues under a bearish influence as most of the coins are located in the green zone.

The crucial data for Bitcoin (BTC), Ethereum (ETH) and TRX:

Name	Ticker	Market Cap	Price	Volume (24h)	Change (24h)
Bitcoin	BTC	$928,102,924,023	$49,593.18	$56,104,236,714	-0.47%
Ethereum	ETH	$257,285,635,295	$2,223.81	$35,490,326,473	-2.48%
TRX	TRX	$7,736,620,764	$0.1083	$4,322,828,462	5.61%

BTC/USD

Bitcoin (BTC) could not fix above the $50,000 mark, going down by 0.47% over the last day.

Analyzing the daily chart, bulls are weak at the level of $48,500, which means that the decline might continue.

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In this case, there are high chances of seeing a test of another vital support at $45,000 soon.

Bitcoin is trading at $49,600 at press time.

ETH/USD

Ethereum (ETH) is the biggest loser today as the rate of the main altcoin has decreased by 2.48%.

Ethereum (ETH) is about the follow the drop of Bitcoin (BTC). Even though the selling trading volume is low, traders might see ETH trading around the level of the MA 50, around $1,980, at press time.

TRX/USD

TRX is the only coin from our list trading in the green zone. It has grown 5.61% since yesterday.

From the technical point of view, TRX has successfully bounced off the MA 50 on the daily chart, having confirmed the bulls' power. As the more likely scenario, the coin might test the firmed mirror level where most of the liquidity is focused. The zone is located at the mark of $0.12.

TRX is trading at $0.1069 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #Tron Price Prediction

About the author

Denys Serhiichuk

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.