April 18 BTC, ETH, XRP, ADA, BNB and DOT Price Analysis

What will happen to cryptocurrency prices after a significant withdrawal?

The cryptocurrency market has faced one of the biggest declines in recent times. Almost all of the top 10 cryptocurrencies are in the red zone, except for Dogecoin (DOGE), whose rate has increased by 20% in the last 24 hours. Here are key data for Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Binance Coin (BNB), and Polkadot (DOT), according to Denys Serhiichuk of U.Today.

BTC/USD

The leading cryptocurrency Bitcoin (BTC) has declined by about 8% in the past 24 hours. When we look at the top 10, it is possible to say that BTC experienced the smallest decline. From a technical point of view, according to analyst Serhiichuk, the correction can be considered as a correction to gain more liquidity before it grows steadily.

In this case, the closest resistance is around $ 59,700, which can be obtained in a short time. Bitcoin was trading at $ 55,415 at the time of writing.

ETH/USD

Ethereum (ETH) price declined around 9%. Ethereum (ETH) could retest the old mirror level at $ 2312. However, as the bears are still strong, it is too early to consider a resurgence of the long-term uptrend, according to the analyst.

Ethereum was trading at $ 2153 at the time of writing.

XRP/USD

XRP was one of the top 10 cryptocurrencies with the most decline. The cryptocurrency, which is 4th in terms of market value, has decreased by 17.2% in the last 24 hours.

Before moving any further, Ripple (XRP) could first test the resistance around $ 1.40. Currently, volatility seems high and neither the bulls nor the bears control the situation in the market. XRP was trading at $ 1.33 at the time of writing.

ADA/USD

Cardano (ADA) also fell, showing a price change of 10.5%. Cardano (ADA) bounced from MA 50 on the daily chart, which means that the bearish is just a correction and not the beginning of the downtrend. In this context, ADA could soon return to the initial vital level of $ 1,344, according to the analyst.

ADA was trading at $ 1.24 at the time of writing.

BNB/USD

Binance’s native token BNB has declined by 9.6% in the last 24 hours. Like other cryptocurrencies, Binance Coin (BNB) can reach the mirror level of $ 492 where the bears can regain the initiative. Currently, horizontal trading is a more likely scenario in the coming days, according to the analyst.

BNB was trading at $ 467 at the time of print.

DOT/USD

Polkadot (DOT) is the main loser today as its altcoin rate has dropped almost 20%. Despite a sharp drop, there is a chance to see a correction in the region around $ 40, according to the analyst. In order to continue the uptrend, DOT needs to accumulate some strength trading sideways.

DOT was trading at $ 36.60 at the time of writing.

Note: The information, comments and evaluations contained here are NOT in the Scope of Investment Consultancy. Keep following the SinceCoin.

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