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BTC, ETH, LINK and ADA Price Analysis for April 17

Price Predictions
Sat, 04/17/2021 - 14:26
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Denys Serhiichuk
Can altcoins continue growing faster than Bitcoin (BTC)?
BTC, ETH, LINK and ADA Price Analysis for April 17
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 weekend has begun with the growth of the cryptocurrency market after yesterday's dump. Most of the top 10 coins are in the green zone, except for DOGE, whose rate has gone down by 15%.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK) and Cardano (ADA):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,143,224,347,517 $61,152.34 $72,851,272,983 0.43%

Ethereum

ETH

$278,773,004,343 $2,410.12 $31,543,131,816 0.95%

Chainlink

LINK

$17,554,591,264 $41.96 $2,651,682,016 2.58%

Cardano

ADA

$44,908,809,798 $1.40 $4,771,915,822 -0.59%

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday; it has grown by $0.43.

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

Despite a slight decline today, the main crypto can make a retest of the resistance at $61,200 shortly.

Related
BTC, ETH, BNB, ADA and DOGE Price Analysis for April 16

In this case, the long-term bullish scenario remains relevant.

Bitcoin is trading at $61,155 at press time.

ETH/USD

Ethereum (ETH) is more bullish as the rate of the main altcoin has risen by almost 1% since yesterday.

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

Ethereum (ETH) is also bullish as the coin keeps trading in the rising channel. In this case, one may expect growth to the top of the channel around $2,700 soon.

Ethereum is trading at $2,412 at press time.

LINK/USD

Chainlink (LINK) is the main gainer today. Its rate has gone up by 2.58% over the last day.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

Despite the growth today, the mid-term picture is neither bullish nor bearish as the altcoin is now located in the sideways trend. In this regard, the more likely scenario is trading within the range of $40-$45.

LINK is trading at $42 at press time.

ADA/USD

Cardano (ADA) is the main loser today as the price of the coin has declined by 0.59%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) is also located in the sideways trend. Traders might expect ADA in the range of $1.45-$1.50 for the upcoming week.

ADA is trading at $1.40 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.