The XRP, Cardano (ADA) tokens (Sun) exhibit technical resistance in a signal of possible short -term price recoveries, indicate the data.
The bullish patterns, the rupture of $ 2.00 of XRP, the double Fund of ADA at $ 0.55 and the recovery of sun to more than $ 130, suggest phases of accumulation despite the volatility of the broader market. However, a bitcoin drop below $ 80,000 or intensified macro pressures could limit profits.
Alex Kuptsikevich, the FXPro Chief Market Analyst, told COINDESK that merchants must expect the confirmation of a reversal of Bitcoin trends before the purchase of long -term sauce in important tokens.
“Bitcoin has not yet confirmed a growth investment,” Kuptsikevich said. “The key area on the road is the level of $ 85,000, where the 50 -day mobile average passes. Its overcoming will be an important confirmation of the upward feeling, while the fluctuations will continue to be the noise of the market.”
“XRP found support last week on the decline of 200 -day mobile averages. This small but encouraging signal suggests that market participants are still adhered to a strategy of ‘buying in Dips’, believing in the continuation of the upward trend,” he added.
Here are highlights of technical analysis for XRP, ADA and Sol, based on Coindesk data:
XRP: $ 2.00 support signals bullish moment
XRP increased 11% of $ 1.87 to $ 2.07 last week, breaking a psychological barrier of $ 2.00 on early Monday. The recent price action shows a minimum higher than $ 2,065, recovering to $ 2,068, with a decreased volatility that indicates the accumulation.
Technical perspective:
- Support: $ 2.00- $ 2,065, reinforced by the 50-hour mobile average at $ 2.03.
- Endurance: $ 2.10, with $ 2.15- $ 2.20 possible at a break.
- Indicators: The volume increases during the shoots, and a higher low structure confirms the purchase interest. RSI about 60 suggests space for rise without exaggeration.
Short -term objective: If $ 2.00 is maintained, Bulls may want to see $ 2.10- $ 2.15, with a break below the risk of $ 1.99.
Solana: Eyes ascending from the $ 125.50 channel
Solana recovered from 3% of a minimum of $ 125 to almost $ 134 in the early European hours on Monday, part of a 30% rise from $ 101.30 to $ 125.48 last week promoted by the optimism of approval of the ETF (76% probabilities in the Polymary market).
The support around the $ 120 brand remains firm, with a recent consolidation between $ 124.50- $ 125.30 resistance tests $ 125.50.
Technical perspective:
- Support: $ 120- $ 124, with $ 115 as a deeper base.
- Endurance: $ 130- $ 135, with $ 145 in view of a break.
- Indicators: The volume and bollinger bands hardest suggest an explosive movement. Macd’s upward divergence admits profits.
Short -term objective: Elimination of $ 135 could lead to $ 140 and more. A fall below $ 120 runs the risk of $ 105, but the channel favors bulls.
Cardano: double background rebound
Ada recovered 18.6% of $ 0.537 to $ 0.637 in last week, forming a double bottom at $ 0.55 with a solid volume on April 9. Despite the weekly decrease of 15% of Bitcoin and commercial tensions (the US import rates of 34% of China), the consolidation of ADA above 60 cents (now supports) points out the force. With the ascending channel with 63 cents support, bulls can now sign up at least 70 cents.
Technical perspective:
- Support: $ 0.632- $ 0.636, backed by the 50-minute mobile average at $ 0.636 from Monday.
- Endurance: $ 0.641, with Fibonacci extensions at $ 0.645- $ 0.658.
- Indicators: Healthy volume and decrease in volatility suggest accumulation. The stochastic RSI shows the impulse of construction.
Short -term objective: A break less than 63 cents risks 55-59 cents, but the double background admits the advantage.
Read more: Bitcoin faces ‘cloud resistance’ to $ 85k, neutralizes the risk-reompensation for bulls: Godbole
