Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Market analysis: Bitcoin, Ethereum, Polkadot rises cautiously
TRADING NEWS

Market analysis: Bitcoin, Ethereum, Polkadot rises cautiously

By Crypto FlexsApril 9, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Market analysis: Bitcoin, Ethereum, Polkadot rises cautiously
Share
Facebook Twitter LinkedIn Pinterest Email

The overall cryptocurrency market capitalization is up 0.4% in the last 24 hours and is currently trending towards $2.77 trillion. Before we get into the technical analysis, here is an overview of how BTC, ETH, and DOT are doing:

  • BTC: $70,252 (-1.4%)

  • ETH: $3,618 (+1.4%)

  • DOT: $8.87 (-0.1%)

Bitcoin Price Analysis

Bitcoin price is on the rise. This Monday, BTC bounced back to $72,000 and then back below $70,000. According to the Fibonacci retracement line, the price fell below the 84.6%, 76.4%, and 70.6% levels. The 61.8% retracement line provides strong support for the price to hold. The Relative Strength Index (RSI) is trending near 55, giving ample room for buyers to take delivery and push prices higher.

Ethereum price analysis

Ethereum bears have taken control of the market after three consecutive bullish sessions. Between Saturday and Monday, buyers pushed ETH from $3,310 to $3,700. During this jump, bulls flipped the 20-day and 50-day simple moving averages (SMAs) from resistance to support.

Moving average convergence/divergence (MACD) indicates a shift in market momentum from bearish to bullish. We expect buyers to take advantage of this and push ETH towards the $4,000 psychological level.

Polkadot price analysis

Looking at the DOT/USD daily price chart, we can see that Polkadot has been trending at the bottom of the 20-day Bollinger Band since March 18th. The lower Bollinger Band provided strong support for the price as DOT bounced from $8.34 to $9 between Saturday and Monday. However, the 20-day SMA blocked further upside and DOT subsequently fell to $8.85.

MACD shows that market momentum remains bearish. However, a change from red to green predicts that DOT will break the 20-day SMA and reach the upper Bollinger Band, which roughly coincides with the psychological level of $10.

Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025
Most Popular

IMX tokens surged as VanEck said their value could increase when new blockchain-based video games like Illuvium are released next year.

December 8, 2023

Chainlink (LINK) Bucks Market Downtrend to Hit 11%

November 26, 2023

Bitcoin bearish sentiment dominates the market. Would you like to buy more?

April 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.