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Price analysis 4/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, LEO
- Bitcoin (BTC) price has surged above $87,000 despite upcoming US trade tariffs, with long-term bullish sentiment from analysts such as Zack Wainwright predicting a potential rally to $110,000.
- Arthur Hayes suggested a possible Bitcoin rally to $250,000 by year-end in the event of Federal Reserve quantitative easing, reflecting optimistic market outlooks.
- Analysis of the top 10 cryptocurrencies, including BTC, ETH, XRP, BNB, SOL, DOGE, ADA, TON, LINK, and LEO, highlights key price movements and potential trends.
- For Bitcoin, a rally to $95,000 and $100,000 is possible if it breaks above the resistance line, while a sharp downtrend below $81,000 could signal bearish control.
- ETH rebounded off $1,754 support, facing resistance at the 20-day EMA, with potential downtrend to $1,550 if it fails to break above resistance levels.
- XRP's weak bounce off $2 support indicates potential bearish head-and-shoulders formation, with downside targets at $1.27 and potential resistance at the 50-day SMA.
- BNB's recovery stalled at moving averages, with the possibility of a pullback to $575 and $559 if bears maintain control, whereas a break above moving averages could spark a rally to $686.
- SOL is in a consolidation phase between the 20-day EMA and $120 support, with potential upward momentum towards $180 on a break above the EMA.
- DOGE remains below the 20-day EMA, facing resistance at $0.21 and support at $0.16, with potential for a downtrend to $0.10 if bearish pressure persists.
- ADA faces resistance from bears near moving averages, with a potential decline to $0.58 and $0.50 if it breaks below $0.63, while a rally to $0.84 could indicate a trend change.
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