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Cardano (ADA) 📊 Contrary to broader market movement, Cardano slipped into the red territory at the time of writing, but the formation of an ascending triangle on the 4-hour timeframe signaled a sharp incoming upswing. On the downside, the upswing could be delayed over the next few sessions as the press time market conditions projected some bearish sentiment. The Awesome Oscillator’s red bars fell closer towards the half-line, while the RSI dipped towards the neutral 50-zone. A 20% cut in the 24-hour trading volume suggested that ADA could trade sideways before the breakout takes place. Once the breakout does occur, the bulls could look to target a move above the $1.50-mark.

Alibaba Purchased $20 Billion worth Bitcoin 🚀 (Big Rumor) https://finance.sina.com.cn/roll/2021-04-29/doc-ikmxzfmk9630480.shtml If it’s true, then BTC will skyrocket in price 🚀🚀🚀🌕🌕 Thoughts?

Dogecoin (DOGE) 📊 Dogecoin price faces blockade Dogecoin price is currently faced with the Tom DeMark (TD) Sequential indicator’s State Trend Resistance level at $0.332, preventing it from surging higher. A decisive close above this level might invoke a potential sell signal from the TD Sequential indicator in the form of a green nine candlestick, which forecasts a one-to-four candlestick correction. If this scenario comes to pass, investors can expect the Dogecoin price to find support on the demand zone extending from $0.262 to $0.302. Here, the buyers could give the 25% upswing to $0.414 another try. On the other hand, if the buying pressure continues to pour in, then DOGE might ignore the threat of reversal and proceed higher to hit its intended target at $0.414.

Filecoin (FIL) 📊 Filecoin price confirms start of new uptrend Filecoin price shows that the bullish momentum has overtaken the selling pressure, which has resulted in a 23% upswing. This move has shattered the 61.8% Fibonacci retracement level at $159.02, indicating that more gains are on the horizon. If the buyers keep piling up the bid orders, Filecoin price will roughly ascend 17% to test the 78.6% Fibonacci retracement level at $193.98. Investors need to keep a close eye on $188.43, where the upswing might slow down or halt abruptly. If the holders do not book profits here but instead add to their positions, Filecoin price might surge an additional 12% to $218.03. While a retest of the 61.8% Fibonacci level is plausible, a breakdown of it will question the bullish momentum. Under these circumstances, market participants need to be wary of a reversal. A decisive 6-hour candlestick close below $145.48 will invalidate the bullish thesis and trigger a 4% downswing to the support at $139.89.

Polkadot (DOT) 📊 Polkadot’s range-bound price action was quite evident on DOT’s daily chart. Since February, the coin has been able to maintain a price level between its immediate resistance at $46 and support level at $32. Interestingly, there have been just three occasions in which the coin has breached its immediate support and went towards the second support at $26. And in each of these cases, a bounce-back has been fairly quick. With the price now seeing increased bullish momentum, DOT may soon head towards its immediate resistance and in such a scenario, traders can benefit from long positions and take profit around the $46-price point. Important levels to watch out for Entry: $38.5 📈 Take profit: $44.5 🚨 Stop loss: $32.8 📉 Risk/Reward ratio: 1.1 🆘

Theta (THETA) 📊 Theta’s market has risen by 51% over the past week and was seeing a consolidation phase above $10.50. This level has previously acted as strong support for the asset’s value, managing to keep the value higher. At the time of press, THETA was being traded at $11.08 while the market opened itself up for volatility. The prominent trend, at press time, was bullish. However, the trend could reverse as money had started to flow out of the market and the Signal line was approaching a crossover. This suggested that selling pressure was on the rise and the digital asset may need to continue within its current $10-range. The rising selling pressure was also hinted at by the Relative Strength Index that was moving away from equilibrium and towards the oversold zone.

Bittorrent (BTT) 📊 BitTorrent’s chart noted that the asset has been consolidating for a while now, with the alt maintaining this trend. With the digital asset trading at $0.0069, it was seen that the market remained bullish. However, a fall in momentum hinted at a possible reversal. The restricted range of trading for BTT could pose a problem for identifying a lasting trend as the indicators suggested the buying and the selling pressures were tallied. But the MACD indicator was showing a growing gap between the MACD line and signal line, something that could help the bullish pressure sustain in the short term.

Ethereum (ETH) 📊 Ethereum, at the time of writing, was being traded at $2,787, close to the resistance level at $2,793. The alt’s price was being supported at $2,662.43, with the Signal line and the 50 moving average adding an extra level of support under the candlesticks. This journey of the digital asset has been bullish lately, with the same underlined by the surging market. Despite the said rally, ETH has remained close to the equilibrium zone, something that suggested that the buying and the selling pressures were evened out in the market, even though the buying pressure was marginally rising. The Awesome Oscillator was pointing to a rise in bullish pressure too as ETH continued its journey.

Litecoin (LTC) 📊 After hitting the resistance level of $296.74, Litecoin saw its price retrace by almost 38% on the charts. Alas, even though a later recovery pushed the price of the digital silver towards $265 at press time, market momentum was still lacking. Litecoin’s daily chart suggested that the crypto’s price had broken out of its ascending channel and was once again recovering. However, the aforementioned fall has turned the market into a more cautious one, and a strong effort was being made to hold on to the press time price. Conclusion: The current Litecoin [LTC] market is noting a period of consolidation. With April having been volatile, the upcoming period may see the price move right above the level at $244. However, with Bitcoin and Ethereum markets’ witnessing spurts of gains and losses, the altcoin market could take a sudden turn as well.

The Magnificent Seven — Biggest Gainers, April 23-30 🔥 These altcoins are:  • Polygon (MATIC) – 147.63% • Fantom (FTM) – 143.23% • Venus (XVS) – 78.06% • Dent (DENT) – 73% • Waves (WAVES) – 66% • PancakeSwap (CAKE) – 64.53% • Arweave (AR) – 56.87% Did you invest in any of them? Comment down below 🤑

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VeChain (VET) 👀 $0.1793 has been a long-standing support level for the price of VeChain. Despite breaching this level at least thrice over the past month, VET’s price has bounced back swiftly. The last time it breached the support was on 25th April, but the coin rallied by 28% in four days and was valued at $0.1971 at press time. At the said price, the VET market was fairly bullish and was moving towards testing the resistance at $0.2021, but the price had already begun to retrace. This was indicated by the Relative Strength Index as well. However, rising selling pressure was trying to stabilize the price at the said level. Nevertheless, money was still flowing within the VeChain market as highlighted by the positive value of the Chaikin Money Flow – another bullish sign.

Chainlink (LINK) 👀 Chainlink’s price has been witnessing tremendous growth since last year and the digital asset has not stopped rallying since. Following the misstep on 22nd April, LINK’s price recovered and surged by 31.22% to trade at $37.99. The attached chart noted that the immediate resistance was marked at $38.01 and the current rising momentum could put it to test. This was possible as the LINK market opened up for more volatility as indicated by the diverging Bollinger bands, while the Signal line affirmed the bullish movement of the price. As the price climbed higher from the support level at $34.93, the asset moved away from equilibrium and pointed to a hike in buying pressure. At press time, LINK was close to being overbought, however, the bullish momentum was showing no signs of a reversal.

Tron (TRX) 👀 Tron’s hourly chart was observing 38% growth over the past week and continued its rally. The price surged from $0.0901 to $0.1292 and was trading at $0.1255, at press time. With the trading price remaining close to the resistance at $0.1292, the market was pointing out the existence of strong bullish pressure. Although volatility remained stable with the Bollinger bands moving parallelly, the Signal line had shifted under the price bars. Further, the 50 moving average had also slipped under the candlesticks noting the rising price. As the price was balanced around the support at $0.1175, the asset remained close to being oversold. However, the sudden price rise introduced buying pressure that later pushed TRX to another extreme of being overbought. Meanwhile, the momentum remained high and suggested that the bullish trend may stay in the short term.

Safemoon (SAFEMOON) 📊 On the 4-hour chart, the digital asset formed a symmetrical triangle pattern which is on the verge of a massive breakout or breakdown. A 4-hour candlestick close below $0.0000047 would confirm a breakdown which has a price target of $0.0000002, a 58% descent. On the other hand, a breakout above the upper boundary of the channel should drive SafeMoon price toward $0.0000085.

CRYPTOCURRENCY XRP posts record gains over reports Ripple plans to go public XRP is on record high amid credible reports that Ripple, the troubled Crypto juggernaut has not given up on going public despite its ongoing legal battle with the Securities and Exchange Commission According to Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, on their earnings call he revealed Ripple had plans to become a public company after the company settles a legal action brought against it by the United States Securities and Exchange Commission. In his words: “After the current lawsuit, Ripple will go public. The current CEO wants to do that. Chris wants to do that.”

Uniswap (UNI) Uniswap market also had a period of sharp growth before giving into consolidation. It increased from $29.85 to $42.69 within three days and then continued to trade above this level. At press time, it was testing this support, and breaching it could lead to a reactive price correction. This was also highlighted by the falling value of the relative strength index. Until the run-up, RSI remained close to being overbought but as the price consolidated, selling pressure began to rise. The value of RSI had moved past equilibrium and was currently heading to the oversold zone. MACD line remained under the signal line and the growing distance between the two suggested increasing bearishness in the UNI market.

Polkadot (DOT) 📊 Polkadot market was witnessing a long consolidation period between $33 and 34. However, the restricted price movement was giving rise to a bearish trend in the market. This was indicated by the signal line that remained intertwined with the candlesticks for the past day. This also hinted towards a market at an equilibrium state where the buying and the selling pressures were evening each other out. This was confirmed by relative strength index which was at 49. Given the low price activity, momentum was dropping and may continue down this path over the next few trading sessions.

XRP (XRP) 📊 The above chart of XRP highlighted that it was rallying higher since the beginning of April. Although its value witnessed a correction in the middle of the month, XRP still recovered and was trading close to resistance at $1.54. As the coin moves forward, there could be another correction witnessed as the price moves to test resistance. Even though XRP was enjoying a bullish market, there was a hint of bearishness indicated in the market. Going forward, XRP will test resistance at $1.54; however, if it fails to surpass this level, the digital asset may be dragged down to $0.94.