The cryptocurrency market has been quiet during the recent Easter. Operators have not triggered aggressive offers nor has its price changed especially in recent days; however, this may change during this week. So that you are warned, below, we inform you of the 5 cryptocurrencies that can surprise after the holidays.
Will Bitcoin and the other cryptocurrencies change their trend in the following days? Analysts have not yet reached a conclusion, because some suggest that Bitcoin is consolidating before the imminent halving cycle that will occur in the following years. As for the other cryptocurrencies, we are going to study what can happen to them.
Bitcoin
The bulls and bears did not clear up during the previous April 16. This determines that it is not yet possible to determine the future in the short term, although we are considering two options. If the price of the coin breaks above $41,000, the bulls will look to continue the momentum until it breaks above the 20-day exponential moving average ($42.085).
On the other hand, in a hypothetical descent. If the coin goes down spend less than $39,000, this drop is likely to continue to as low as $32,917. It is also possible that it will not go down to the previous number, but will rebound to $37,000.
XRP
Suddenly, the XRP coin rebounded from $0.69. After the gradual decline, the bulls took over and pushed the price above $0.78, the SMA. The rise was positive, but could not continue, so this current seeks to maintain the price above $0.77 and for now they seem to succeed.
The 20-day EMA shows a balance. The bears are looking to reverse the trend aggressively; however, the advantage belongs to the bulls. The coin could go as high as $0.85 or even as high as $0.91 in an exceptional case. On the other hand, if it drops, it will hardly break below the $0.69 support.
filecoin
If we look at the Filecoin charts, we will quickly see a very continued downtrend. During the last months, the price has oscillated between ten dollars, between 17 and 27. Therefore, it is still early to know what these oscillations will lead to.
As for the possible changes, the bulls can rally the cryptocurrency to above $27. If they do, they will consolidate a new uptrend. On the other hand, the bears defend the position of $22. For now, it looks like the bulls will win this game.
chain link
Chainlink climbed as high as $18 in early April, however, it was unable to sustain the rise let alone increase it. The decline was stopped near $13.50, a very low figure. The bearish trend is predominant, although the bulls may contract with guarantees in the following days.
LINK could break the $18 resistance and then rally to higher shares barely seen during 2022. On the other hand, if the downtrend definitely takes over the trend, the bears could go as low as $12.50 and even continue further below. If this happens, sales will be imminent.
BitcoinCash
Electronic cash has sought unsuccessfully to set a bottom for the past few months. At the moment, the predominant trend is bearish, which in 2022 has managed to lower the coin to 259 dollars. The bulls will not make it easy for them, because in the last few hours they have managed to rally the coin above 350.
If the bulls finally take over, the cryptocurrency could reach $380 and even touch $400. Although of course, this is only a possibility because at the moment the bears are very strong, which would mean that the increases will not take place. In any case, the descent will hardly continue.
