Main Points：
- Bitcoin Analysis: Bitcoin has risen close to its resistance level but is showing signs of struggle against selling pressure. If it fails to break above resistance and instead falls below key support levels, a significant downturn may follow.
- Ether Analysis: Ethereum is attempting to form a bullish double-bottom at around $1,754, with a key barrier at the 20-day EMA ($1,965). A break below this could lead to a drop toward $1,550, while an upward breakthrough might push prices toward $2,468.
- XRP Analysis: XRP’s rebound from its $2 support has been weak, increasing the risk of a bearish head-and-shoulders pattern that could push prices down to $1.27. However, a strong finish above the 50-day SMA ($2.39) could signal renewed buying.
- Solana Analysis: Solana’s price is consolidating between its 20-day EMA ($132) and the $120 support. A close above the 20-day EMA could pave the way to reach the 50-day SMA ($145) and eventually $180, but a break below $120 may force a drop to $110.
1. Bitcoin Analysis
Bitcoin has approached its resistance level, but selling pressure remains strong. Currently, the BTC/USDT daily chart shows that after an initial drop from a starting price of 12,684,746 yen (＄85,881) and a rebound reaching a high of 13,378,048 yen (＄90,575), the price has retraced to 12,392,674 yen (＄83,904).
- Support: Around 11,200,000 yen (＄75,818)
- Resistance: Around 15,000,000 yen (＄101,556)
Indicators such as the 20-day EMA (currently at $85,152) and the RSI near the neutral line suggest that while bearish momentum is easing, Bitcoin still needs to decisively break through the resistance to signal a sustained uptrend. If instead it falls below critical support levels (e.g., near $81,000), a further decline toward $76,606 could occur.
2. Ether Analysis
Ethereum (ETH) showed signs of recovery on March 31 when it bounced off a support level at $1,754, suggesting that bulls are trying to form a double-bottom pattern.
- Downside Risk: If the price falls below the 20-day EMA (around $1,965), ETH could drop further, potentially falling below $1,574 and even reaching as low as $1,550.
- Upside Potential: Conversely, a breakthrough above the 20-day EMA with a close above could trigger a rally toward the next key level at $2,111 and eventually drive prices toward a target of $2,468 as the double-bottom pattern completes.
3. XRP Analysis
XRP has struggled to rally from its critical support level at $2. The XRP/USDT daily chart indicates that the current buying activity is weak.
- Downside Risk: If XRP falls below the $2 support level, it could complete a bearish head-and-shoulders pattern, potentially driving the price down to around $1.27, despite a temporary support seen at $1.77.
- Upside Potential: On the other hand, if XRP can break above the 50-day SMA (approximately $2.39) and close above it, this would signal strong underlying demand, possibly paving the way for a rally toward higher resistance levels.
4. Solana Analysis
Solana (SOL) is currently trading within a tight range between its 20-day EMA (around $132) and the support at $120.
- Upside Scenario: A close above the 20-day EMA would suggest that buyers are gaining the upper hand, potentially driving SOL’s price toward the 50-day SMA (approximately $145) and, subsequently, toward the target of $180 if resistance is overcome.
- Downside Scenario: However, if sellers push the price below the $120 support level—especially if it falls to the $110 range—this could prompt a bearish correction, though buyers may step in at that level to support the price.
5. Conclusion
In summary, Bitcoin, Ether, XRP, and Solana all show signs of volatility as market participants react to short-term pressures. Bitcoin is hovering near key support and resistance levels, with a decisive breakout needed to confirm an upward trend; failure to do so may trigger further declines. Ethereum is poised for a potential rally if it can overcome its key barrier, while XRP’s weak rebound from its $2 support remains concerning. Solana’s price action is caught in a narrow range, where a breakthrough in either direction could set the stage for significant moves.
Investors should monitor these technical indicators closely, as the next few trading sessions may define whether a sustained bullish trend emerges or if the current volatility leads to further corrections.
