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BTC, ETH, XRP and BNB Price Analysis for April 30

Price Predictions
Fri, 04/30/2021 - 15:23
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Denys Serhiichuk
Is Bitcoin (BTC) ready to surpass the rise of the altcoins?
BTC, ETH, XRP and BNB Price Analysis for April 30
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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Almost nothing has changed on the cryptocurrency market since yesterday as bulls keep controlling the situation. However, some coins have entered the correction phase already. Mainly, Ethereum (ETH), Cardano (ADA) and Uniswap (UNI) are in the red zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), Ethereum (ETH), XRP and Binance Coin (BNB):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,024,308,879,204 $55,279.57 $46,276,388,735 2.83%

Ethereum

ETH

$318,158,501,242 $2,737.56 $31,350,042,680 -0.97%

Binance Coin

BNB

$93,363,143,214 $604.16 $6,144,603,359 0.11%

XRP

XRP

$72,795,206,847 $1.61 $12,011,422,289 15.92%

BTC/USD

Trading volumes were low yesterday morning, and buyers were unable to continue recovering the Bitcoin (BTC) price to the $56,000 resistance. In the afternoon, selling pressure began to intensify and, in the afternoon, the BTC price broke through the support of $53,400, setting a daily low around $52,380.

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

Over the past night, buyers were able to restore the pair to the $53,400 level, but the two-hour EMA55 limited further growth. If the level of average prices turns the pair downward, then the daily minimum can be set in the support area of ​​$51,600.

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BTC, ETH, XRP, ADA and BCH Price Analysis for April 28

If the bulls overcome the resistance of the moving average EMA55, then the price will recover to the area of ​​$56,000.

Bitcoin is trading at $55,500 at press time.

ETH/USD

Yesterday, after a slight pullback, the bulls were able to continue the run and renew the all-time high around the $2,800 mark. However, the Ethereum (ETH) price could not hold above the middle line of the rising channel. In the afternoon, the pair tested the support of $2,700.

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

Over the past night, buyers tried to restore the pair to the zone of the absolute maximum, but the middle line now acts as resistance, which knocks down the dynamic bull run. Most likely, buyers will no longer be able to break above the channel's center line today to test its upper border. A decrease in the area of ​​average prices looks more likely.

Ethereum is trading at $2,737 at press time.

XRP/USD

Yesterday, the XRP price continued to consolidate in a sideways range around the POC line ($1.385). During the day, sellers were unable to push through the two-hour EMA55 and, at the moment, the price is fluctuating right at the Volume Profile indicator line.

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

One still expects a spike in bullish activity and a breakout of the $1.70 resistance. However, on small volumes, buyers are unlikely to be able to overcome the resistance of $1.70 per coin and, until the end of the week, the pair will remain in sideways consolidation.

XRP is trading at $1.60 at press time.

BNB/USD

The rate of Binance Coin (BNB) is unchanged in the last 24 hours.

Binance Coin (BNB) is accumulating power for a breakout as the coin keeps trading within the rising channel. In this case, the more likely price action is growth to the nearest vital level of $700.

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