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BTC, ETH and TRX Price Analysis for April 24

Price Predictions
Sat, 04/24/2021 - 15:02
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Denys Serhiichuk
Can the coins from the top 10 list bounce off after a sharp drop?
BTC, ETH and TRX Price Analysis for April 24
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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The market continues under a bearish influence as most of the coins are located in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

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.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

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

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BTC, ETH, XRP, ADA, BNB and DOT Price Analysis for April 23

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%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

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.

TRX/USD chart by TradingView
TRX/USD chart by TradingView

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.

 
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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.