Crypto Technical Analysis: BTC, ETH Lead as Altcoins Face Mixed Signals
03.04.2025 14:02
A detailed technical review of the top cryptocurrencies reveals that Bitcoin has surged above $87K despite imminent US trade tariffs and remains on the radar for a potential sharp rally fueled by long-term bullish sentiment and possible Fed policy shifts. Ethereum has shown signs of a rebound, hinting at a double-bottom pattern, but its recovery depends on maintaining support above the 20-day EMA. XRP, after a weak bounce from a key support level, faces bearish pressure with the risk of a head-and-shoulders pattern. Binance Coin’s (BNB) recovery appears stalled at moving averages, leaving it vulnerable to further selling pressure near key support levels. Solana (SOL) is squeezed between technical supports with potential for a short-term rally if it can break above its 20-day EMA, while Dogecoin (DOGE) continues to hover below its key moving average, indicating a delicate balance between buyers and sellers. Cardano (ADA) is struggling against bearish momentum near its moving averages, risking further decline if key support is breached. Toncoin (TON) managed a minor breakout above resistance, but a sustained move is needed for confirmation amidst ongoing pressure. Chainlink (LINK) is battling resistance near its 20-day EMA, with sellers eyeing a defensive support, and Unus Sed Leo (LEO) shows mixed momentum after bouncing from a triangle pattern. The report does not provide investment advice but underlines that while Bitcoin and Ethereum seem positioned for potential upward moves, several altcoins face technical challenges that could result in short-term volatility.
Bitcoin’s bulls have pushed the price above $87K, hinting at long-term rally potential (possibly toward $110K or higher) if near-term resistance is overcome. However, volatility remains a concern, especially if support around $81K fails, with immediate risks mitigating the bullish outlook.
Ethereum shows a rebound off support forming a potential double-bottom pattern. A break above the 20-day EMA could drive prices upward toward resistance levels, while a breakdown may lead to a fall towards $1,550, making its movement dependent on maintaining technical support.
XRP’s weak bounce off the crucial $2 support level points to insufficient bullish momentum. A failure to maintain this level could trigger a downward move toward $1.27, although a break above the 50-day SMA might help reverse the trend.
BNB’s recovery has stalled at key moving averages, with strong selling pressure anticipated if prices drop below $587. A decisive breakout above these averages could lead to a rally toward higher resistance, but the current technical setup suggests caution in the near term.
Solana is trading in a narrow range between its 20-day EMA and the $120 support level. A close above the EMA may signal buyer takeover, pushing prices to $145 and beyond, while a breakdown below support could drive a short-term decline.
Dogecoin is trading below its 20-day EMA, with the first bullish signal expected from a break above this level. If buyers can sustain momentum, DOGE may rise toward $0.21 and higher, but failure to hold support could lead to declines toward lower support levels.
Cardano is under selling pressure near its moving averages with a downtrend evident in the RSI. A drop below $0.63 may trigger further declines, whereas maintaining price above the 50-day SMA could open the path to a modest rally.
Toncoin has seen a minor breakout above the $4.14 resistance level; however, bulls have not fully sustained the move. A maintained support level near the 20-day EMA is critical for any further upward momentum, else a reversal may occur.
Chainlink is struggling to overcome resistance near the 20-day EMA. Sellers are poised to defend key support, and a break below these levels could push the price lower, while a firm hold and subsequent rally may enable a recovery toward higher levels.
Unus Sed Leo experienced a drop from overhead resistance before recovering partially into a triangle pattern. A breakout above the 20-day EMA is necessary for a sustained move, with targets near $12.04 if bullish sentiment takes hold.
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