BTC$26 421.51


ETH$1 608.55




Binance Coin




USD Coin


Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON

24 Apr 2023


Altcoin prices have crumbled since BTC’s sharp pullback, but BNB, ADA, XMR and TON could be the first to bottom. Bitcoin is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600–$25,000 zone, where buying interest may pick up.

When an asset emerges from a bear market, it tries to form higher lows on the way up. These levels act as strong supports during subsequent corrections. The current pullback could end up forming a higher floor for Bitcoin, which may act as a launch pad for the next rally.

If long-term investors believe that a bottom has been made, then panicking and selling on every corrective phase is not a good strategy. Rather, every dip could be an opportunity to build a portfolio. The correction in Bitcoin has pulled several altcoins lower. Only a handful of major cryptocurrencies are holding out and looking strong on the charts. Let’s study the charts of five cryptocurrencies that may outperform on the way up.

Bitcoin price analysis

Buyers are trying to arrest Bitcoin’s correction at the 50-day simple moving average (SMA) ($26,983), but the shallow bounce suggests that the bears are not willing to give up. The 20-day exponential moving average (EMA) ($28,606) has started to turn down, and the relative strength index (RSI) is in the negative zone, signaling that bears have a slight edge. The selling could pick up further if the 50-day SMA cracks.

The BTC/USDT pair could then tumble to the breakout level of $25,250. This is an important level to keep an eye on because if this support crumbles, the pair may plunge to $20,000.

Buyers will have to push and sustain the price above the 20-day EMA to signal a comeback. That could attract buying and push the price toward the $31,000–$32,500 resistance zone. The pair bounced off $27,125 and reached the 20-day EMA. This is the first hurdle that the bulls need to cross to start a strong recovery. The pair may then reach the 50-day SMA, where the bears will again try to mount a strong defense. If the price turns down from the current level and slides below $27,125, it will suggest that the sentiment remains negative and traders are selling on every minor rally. That will increase the likelihood of a fall to $26,500 and eventually to $25,250.

BNB price analysis

BNB is witnessing a tough battle between the bulls and the bears. Sellers are active above $338, while the bulls are fiercely defending the 50-day SMA ($316). The BNB/USDT pair rebounded off the 50-day SMA on April 21, and the bulls are attempting to clear the hurdle at $338. If they succeed, it will enhance the prospects of a rally above $346. The pair may then soar toward $400. The gradually upsloping 20-day EMA ($325) and the RSI in the positive territory indicate that bulls have a slight edge.

If bears want to prevent the up-move, they will have to yank the price back below the 50-day SMA. That could accelerate selling and sink the pair to $300 and thereafter toward $280.

The four-hour chart shows that the price rebounded off the support near $316 and has reached the 50-SMA. If bulls overcome this obstacle, the pair will try to rise to $338 and subsequently to $346. A break above this level could witness a pick-up in bullish momentum. The first support to watch on the downside is the 20-day EMA. If this support gives way, it will suggest that the pair may consolidate between $315 and $335 for some time. The advantage will tilt in favor of the bears if the $315 support gives way.

Cardano price analysis

Cardano’s ADA  turned down and plunged back below the neckline of the inverse head-and-shoulders (H&S) pattern on April 20. This indicates that the bears are trying to trap the aggressive bulls. A minor positive in favor of the buyers is that they are trying to guard the 50-day SMA ($0.37). The 20-day EMA ($0.40) has turned down, and the RSI is just below the midpoint, indicating that sellers are trying to seize control. If the price plummets below the 50-day SMA, it will suggest that the bears are in the driver’s seat. The ADA/USDT pair could then collapse to $0.30.

Conversely, if buyers want to retain their supremacy, they will have to quickly thrust the price back above the neckline. If they manage to do that, the pair could witness solid buying. The pair may then surge to $0.46.

The four-hour chart shows that the bears pulled the price below the uptrend line and are trying to flip the level into resistance on a retest. The downsloping 20-EMA and the RSI in the negative territory indicate that bears have the upper hand. If the price slips below $0.38, the selling could intensify, and the pair may plunge to $0.34. This negative view will invalidate in the near term if buyers propel the price back above the uptrend line. Such a move will suggest that the recent breakdown may have been a bear trap. The recovery is likely to pick up momentum after buyers push the price above the 50-SMA.


Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure
Bitcoin sticks to bull trend on banks' woes
Bitcoin sticks to bull trend on banks' woes

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 90% 4 $26 421.51 0.69% -2.49% $515 164 935 262 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 92.4% 6 $1 608.55 1.03% -0.96% $193 404 260 269 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.999198 -0.02% -0.10% $83 204 412 876 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90% 4 $211.90 -0.49% -1.33% $32 600 305 684 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 90.8% 8 $0.498359 -0.81% -3.59% $26 568 685 202 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000106 0.01% 0% $25 484 408 313 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 87.6% 20 $0.084461 -0.08% -0.25% $8 587 616 854 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 88.4% 8 $0.244003 -0.59% -2.79% $8 571 470 485 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 92.4% 6 $0.060517 -0.22% -4.09% $8 544 211 939 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 84.4% 22 $19.23 1.51% -4.38% $7 935 172 917 SOL 7 days price change
12 Toncoin (TON) TON Toncoin predictions 58.8% 84 $2.20 4.15% -7.51% $7 554 266 462 TON 7 days price change
13 TRON (TRX) TRX TRON predictions 89.6% 16 $0.084721 -0.43% 0.02% $7 548 172 080 TRX 7 days price change
14 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999997 0.03% 0.01% $5 347 874 970 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 89.2% 11 $3.99 -0.28% -3.89% $4 899 663 129 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.