Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin price analysisThe long wick on Bitcoins April 30 candlestick shows that the bears are aggressively defending the overhead resistance at $30,000. A break above this level will signal a pick-up in momentum.Ethereum price analysisThe bulls are struggling to press and sustain the cost above the 20-day EMA ($1,896), showing that the bears are trying to turn this level into resistance.ETH/ USDT everyday chart. The set may then increase to the resistance line where the bulls will once again face stiff resistance from the bears.Dogecoin rate analysisDogecoin (DOGE) turned down from the 20-day EMA ($0.08) on April 30, indicating that the sentiment is unfavorable and bears are utilizing the rallies to sell.DOGE/ USDT day-to-day chart.
A break above this level will signify a pick-up in momentum.Ethereum price analysisThe bulls are having a hard time to press and sustain the cost above the 20-day EMA ($1,896), showing that the bears are trying to flip this level into resistance.ETH/ USDT everyday chart. Source: TradingViewThe bears will attempt to pull the price to the strong support at $0.43. The RSI is in the 20-day ema and the negative territory ($0.40) is flattening out, indicating that bears are trying to get the upper hand.If ADA rate plunges listed below $0.37, the selling might magnify and the ADA/USDT set might come down to the next support at $0.33. The pair may then rise to the resistance line where the bulls will once again face stiff resistance from the bears.Dogecoin price analysisDogecoin (DOGE) turned down from the 20-day EMA ($0.08) on April 30, showing that the sentiment is unfavorable and bears are utilizing the rallies to sell.DOGE/ USDT everyday chart. Solana price analysisSolana (SOL) turned down from $24 on April 30, indicating that bears are active at higher levels.