Technical Analysis on April 19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

Bitcoin (BTC) has been fluctuating within a narrow price zone for many days now, but the positive signal is that the bulls have managed to maintain the price above the $83,000 threshold – a key support level. The period of low volatility is often a precursor to a strong breakout, yet the next direction of the market remains an unpredictable mystery.

Despite the current stagnation, many analysts remain optimistic about the long-term prospects of Bitcoin. The reason comes from the historical correlation between gold prices and Bitcoin – when gold surged in the years 2017 and 2020, Bitcoin also experienced spectacular growth afterward. Joe Consorti, head of growth at Theya, noted on platform X that Bitcoin often follows gold with a lag of about 100–150 days.

If this scenario repeats, a new historical price peak for Bitcoin could emerge around Q3 to Q4 of 2025. Similarly, the analyst Cryptollica also sets a medium-term target for BTC in the price zone of $155,000.

Not only Bitcoin, but altcoins are also attracting positive attention from investors. According to the investment outlook report for Q2 2025 by Swiss bank Sygnum, improvements in the legal aspects of cryptocurrency applications are creating a launchpad for a strong price surge in the altcoin segment, especially as the market has yet to fully reflect these positive factors.

So can Bitcoin and altcoin break through the current resistance levels to open up a new recovery cycle? Let's analyze the charts of the top 10 cryptocurrencies to find the answer.

Technical analysis of BTC

Bitcoin is currently trading between the 20-day exponential moving average (EMA) at a level of $83,463 and the 200-day simple moving average (SMA) at a level of $87,857, indicating a fierce battle between the bulls and the bears.

! date-19-4-phan-analysisBTC/USDT daily chart | Source: TradingView If the 20-day EMA breaks, selling pressure may increase and the BTC/USDT pair can slide to $78,500, followed by $73,777. It is expected that buyers will fiercely defend the $73.777 level, because if they lose this mark, it could signal the beginning of a new downtrend.

Conversely, if the price crosses and closes above the 200 SMA, it may indicate that the correction phase is over. The pair can climb to the level of $95,000 and eventually head towards the psychologically important level of $100,000.

Technical Analysis of ETH

Ether (ETH) is currently fluctuating within the support level of $1,368 and the resistance of $1,754, reflecting hesitation between the bulls and the bears.

! ETH/USDT daily chart | Source: TradingView The moving averages are trending down, and the RSI is in negative territory, indicating a slight tilt advantage in favor of sellers. If the price slips below $1,471, the ETH/USDT pair can fall to $1,368. The bulls are expected to strongly defend the $1,368 support level, because if this mark is broken, the price can plunge to $1,150.

On the contrary, the bulls will face significant resistance in the zone between the 20-day EMA ($1.676) and $1.754. If the price breaks through and closes above this resistance zone, the pair could rise to the previous breakout level of $2.111.

Technical Analysis of XRP

The bears have not been able to pull XRP (XRP) below the support level of $2, indicating that selling pressure at lower price levels is weakening.

! date-19-4-phan-analysisDaily XRP/USDT Chart | Source: TradingViewThe bulls will attempt to launch a rally, which can take the price to the 50-day SMA at $2.23. This is an important short-term milestone that should be watched closely, as if crossed, it could pave the way for a rally to the upper resistance line. Buyers will need to push the price above this resistance line to confirm a short-term trend change.

Conversely, if the price breaks below the $2 support level, the advantage will be in favor of the bears. At that time, the XRP/USDT pair may fall to the support zone of $1.72-$1.61.

Technical Analysis of BNB

BNB (BNB) is trading just below the downtrend line, indicating that the bulls are still holding their positions with hopes of a breakout.

Daily BNB/USDT chart | Source: TradingViewIf buyers push the price above the downtrend line, the BNB/USDT pair may gain momentum and accelerate to the $644 level. Bears will try to defend the resistance zone at $644, but if bulls continue to buy when the price dips to the 20-day EMA zone ($588), the likelihood of the price rising to $680 will increase.

This positive scenario will be invalidated in the short term if the price turns around from the downtrend line and breaks through the $566 level. At that point, the currency pair may continue to fluctuate within the triangle pattern for a while longer.

Technical Analysis of SOL

Solana (SOL) has bounced from the 20-day EMA ($126) on April 16 and surpassed the 50-day SMA ($130), indicating buying pressure as the price corrects.

! Daily SOL/USDT chart | Source: TradingViewThe SOL/USDT pair may head to the overhead resistance zone at $153, where bears are expected to fight back strongly. If buyers break through $153, the pair can accelerate to $180.

The bulls are expected to defend the zone between the 20-day EMA and the $120 mark. If this zone is penetrated, it will indicate that the bears are active at higher price levels. At that time, the pair may fall to the $110 support zone.

Technical Analysis of DOGE

Dogecoin (DOGE) is currently trading between the 20-day (EMA) exponential moving average at $0.16 and the critical support at $0.14 for the past few days.

! date-19-4-phan-analysisDaily DOGE/USDT chart | Source: TradingViewThe 20-day EMA is gradually moving sideways along with a positive divergence on the relative strength index (RSI) indicating that selling pressure is decreasing. Buyers need to push the price above the 50 (SMA) day simple moving average at $0.17 to gain an advantage. The DOGE/USDT pair can climb to $0.20 – an important level to watch because if crossed, the double bottom pattern will complete.

On the contrary, if the price breaks and closes below the support zone $0.14, it will signal the next bearish phase. At that point, this currency pair could plunge to the support level $0.10.

Technical Analysis of ADA

The buyers have managed to hold the Cardano price (ADA) at the support level of $0.59, however, they are struggling to push the price above the 20-day EMA at $0.63.

ADA/USDT daily chart | Source: TradingViewIf the price reverses and breaks below the $0.59 level, the ADA/USDT pair may slide down to the strong support zone at $0.50. This is a crucial level that the bulls need to defend because if it breaks, the downtrend will resume. The lower support level below is at $0.40.

Buyers will regain control if the price surpasses and closes above the 50-day SMA at $0.70. At that point, this coin pair could surge strongly to $0.83.

LEO Technical Analysis

UNUS SED LEO (LEO) cannot break through the uptrend line, which may have caused short-term traders to take profits.

! Daily LEO/USDT chart | Source: TradingViewThe 20-day EMA at $9.34 is starting to slope slightly, and the RSI is in negative territory, indicating that the bears have an advantage. If the price falls below the nearest support at $8.95, the LEO/USD pair can retest the critical support at $8.79. If this mark is lost, the pair can fall as deep as $8.30.

This negative outlook will be invalidated in the short term if the price rises above the 50-day SMA at $9.56. At that point, the pair may test the strong resistance zone at $9.90.

Technical Analysis of LINK

Chainlink (LINK) is currently trading below the 20-day EMA at $12.77, however, the bears are unable to push the price below $11.68, indicating that the selling pressure at the lower zone is weakening.

Daily chart of LINK/USDT | Source: TradingViewThe bulls will try to push the price above the moving averages. If successful, the LINK/USDT pair could surge to $16. The bears will try to stop the upward momentum at this level, but if the bulls win, the price could advance towards the upper resistance line.

If the bears want to maintain their advantage, they will need to pull the price below the support level of $11.68. At that point, this currency pair may continue to drop towards the support of the descending channel – where buying pressure is expected to return.

AVAX Technical Analysis

Avalanche (AVAX) is trading near the moving averages, indicating a balance between supply and demand.

! Daily AVAX/USDT chart | Source: TradingViewThe 20-day EMA ($18.97) is almost flat with the RSI oscillating around the neutral zone, which has not yet created a discernible advantage for bulls or bears. If the price breaks out of the downtrend line, the door will open for a rally to the overhead resistance zone at $23.50. Buyers will need to overcome this hurdle to launch a new bull run.

On the contrary, if the price breaks and closes below $17.50, the AVAX/USDT pair could drop to the support level of $15.27. This is an extremely important zone that the bulls must protect, as a breach could likely continue the downtrend.

You can check the coin price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making any decisions. We are not responsible for your investment decisions.

SN_Nour