Key takeaways:

Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.

ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.

The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.

Ethereum’s native token, Ether (ETH), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains.

Dragonfly doji hints ETH bulls are regaining control

Ether is flashing a rare Dragonfly Doji candlestick on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.

This pattern is confirmed when the price prints a long lower wick, little to no upper wick, and closes at or near its opening level.

On Ether’s monthly chart, the candlestick reflects a sharp intra-month rejection of lower prices, suggesting that bulls are beginning to regain control after an extended downtrend.

ETH/USD monthly price chart. Source: TradingView

In December 2016, Ether formed a similar monthly Dragonfly doji before erupting from under $6 to over $1,400 in over a year. The same pattern has been seen, with smaller upside, in 2021 and 2023, where ETH gained over 80% and 145%, respectively.

If bulls confirm the signal with a strong May open, especially above April’s high of around $1,950, Ethereum could be primed for another multimonth rally, beginning with an initial run toward $2,100.

Ether tests long-term parabolic support, just like in 2017

Chartist Merlijn the Trader points to Ethereum retesting its long-term parabolic support, (the green zone in the chart below) that has consistently acted as a launchpad for new uptrends.

ETH/USD weekly price chart. Source: TradingView/Merlijn The Trader

“In every cycle, this zone triggers a reversal — and this time is no different,” he wrote in his X post on April 30, adding:

“Now begins what could be Ethereum’s most explosive rally yet.”

In early 2017, ETH also bounced from this exact same parabolic trendline during its initial breakout phase. The trendline supported ETH throughout that year, fueling the vertical move to $1,400 from around $6.

Related: Ethereum’s ‘capitulation’ suggests ETH price is undervalued: Fidelity report

The current retest in 2025 mirrors that breakout setup, suggesting a cyclical pattern may be repeating.

Onchain data points to ICO-era-style ETH accumulation sentiment

Ether’s MVRV Z-Score, a key onchain metric used to identify market tops and bottoms, has re-entered the historical accumulation zone (the green band in the chart below), strengthening the argument that ETH may have found its cycle bottom.

Ethereum MVRV-Z Score chart. Source: Glassnode

In past cycles, Ether’s MVRV Z-Score dipped into this green zone in late 2018, March 2020, and mid-2022. All of these dips coincided with market bottoms and preceded multimonth to multi-year rallies.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE).

“In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the audience. Giggle is a free online platform that provides elementary education through gamified lessons.

“With the technologies we have today, it’s not that hard to make an app that will stick, that’s educational, but also glues the kids to the device,” the crypto entrepreneur said.

Raoul Pal pictured (left) and Binance co-founder Changpeng Zhao (right) at the Token2049 conference in Dubai. Source: Cointelegraph

Giggle’s concept paper outlines the project’s goal of providing K-12 education globally for free by offering non-traditional educational courses in topics such as negotiations, finance, entrepreneurship, sales, legal, accounting, blockchain, and AI in phases.

In April 2024, the Binance co-founder announced he was stepping away from the company and focusing on educational initiatives as he prepared to serve a four-month prison sentence for violating US money laundering laws, which he completed in September 2024.

Related: Ex-Binance CEO chides Europe over crypto adoption

The growing role of generative AI in education

Zhao also discussed the heavy use of generative AI in crafting the course materials for Giggle Academy, a growing trend in online and traditional education.

In June 2023, Japan’s Ministry of Education, Culture, Sports, Science, and Technology announced it would allow the limited use of generative AI in classrooms, including ChatGPT, to aid in classroom discussion and teaching.

The KTCT Higher Secondary School in Thiruvananthapuram, Kerala, a grade school in India, introduced an AI-humanoid teacher to one of its classrooms in February 2024 as part of an early pilot program.

Andrej Karpathy, a former executive for Tesla and OpenAI, founded Eureka Labs, a startup dedicated to creating AI-powered teaching assistants, in July 2024.

The goal of the startup is to bring subject matter expert-level education to students worldwide and bypass language barriers.

“This teacher and AI symbiosis could run an entire curriculum of courses on a common platform. If we are successful, it will be easy for anyone to learn anything,” Karpathy wrote in July 2024.

Magazine: How CZ built Binance and became the richest person in crypto

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview.

Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to data from CoinGecko. 

Now, Tether is preparing to expand into the US market “by the end of this year or early next year, at the fastest,” Ardoino said, adding that the timing depends on US lawmakers’ progress on stablecoin legislation.

The stablecoin issuer is working to woo US regulators by proactively collaborating with law enforcement and highlighting USDT’s benefits for the US economy.

“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” the CEO said.

Tether’s USDT has 66% of the stablecoin market share. Source: Nansen

Related: Tether still dominates stablecoins despite competition — Nansen

Market leader

As of April 25, USDT commanded a roughly 66% market share among stablecoins, according to Nansen, a Web3 researcher. 

Tether is also the most profitable stablecoin issuer, logging a net income of nearly $14 billion in 2024. 

It earns revenue by accepting US dollars to mint USDT and then investing those dollars into highly liquid, yield-bearing instruments such as US Treasury bills. Still, USDT’s popularity is largely limited to users outside of the United States, where rival stablecoin USDC (USDC) is dominant.

Tether designed USDT “for the people that live in small villages in Africa… [or] a shop owner in Istanbul,” Ardoino told CNBC, adding that Tether is developing a “different product” for the US.

Adoption of USDC has accelerated in the wake of US President Donald Trump’s November election win, Nansen said in an April 25 report. Circle’s USDC has a market capitalization of more than $60 billion, CoinGecko data shows. 

However, USDT is still likely to maintain its leading position in the stablecoin market.  “Despite the potential dispersion in stables, we inevitably believe this is a ‘winner-takes-most’ market dynamic,” the Web3 researcher added. 

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview.

Tether’s flagship stablecoin, USDt (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to data from CoinGecko. 

Now, Tether is preparing to expand into the US market “by the end of this year or early next year, at the fastest,” Ardoino said, adding that the timing depends on US lawmakers’ progress on stablecoin legislation.

The stablecoin issuer is working to woo US regulators by proactively collaborating with law enforcement and highlighting USDt’s benefits for the US economy.

“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” the CEO said.

Tether’s USDT has 66% of the stablecoin market share. Source: Nansen

Related: Tether still dominates stablecoins despite competition — Nansen

Market leader

As of April 25, USDt commanded a roughly 66% market share among stablecoins, according to Nansen, a Web3 researcher. 

Tether is also the most profitable stablecoin issuer, logging a net income of nearly $14 billion in 2024. 

It earns revenue by accepting US dollars to mint USDt and then investing those dollars into highly liquid, yield-bearing instruments such as US Treasury bills. Still, USDt’s popularity is largely limited to users outside of the United States, where rival stablecoin USDC (USDC) is dominant.

Tether designed USDt “for the people that live in small villages in Africa… [or] a shop owner in Istanbul,” Ardoino told CNBC, adding that Tether is developing a “different product” for the US.

Adoption of USDC has accelerated in the wake of US President Donald Trump’s November election win, Nansen said in an April 25 report. Circle’s USDC has a market capitalization of more than $60 billion, CoinGecko data shows. 

However, USDt is still likely to maintain its leading position in the stablecoin market.  “Despite the potential dispersion in stables, we inevitably believe this is a ‘winner-takes-most’ market dynamic,” the Web3 researcher added. 

Magazine: Bitcoin payments are being undermined by centralized stablecoins

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview.

Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to data from CoinGecko. 

Now, Tether is preparing to expand into the US market “by the end of this year or early next year, at the fastest,” Ardoino said, adding that the timing depends on US lawmakers’ progress on stablecoin legislation.

The stablecoin issuer is working to woo US regulators by proactively collaborating with law enforcement and highlighting USDT’s benefits for the US economy.

“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” the CEO said.

Tether’s USDT has 66% of the stablecoin market share. Source: Nansen

Related: Tether still dominates stablecoins despite competition — Nansen

Market leader

As of April 25, USDT commanded a roughly 66% market share among stablecoins, according to Nansen, a Web3 researcher. 

Tether is also the most profitable stablecoin issuer, logging a net income of nearly $14 billion in 2024. 

It earns revenue by accepting US dollars to mint USDT and then investing those dollars into highly liquid, yield-bearing instruments such as US Treasury bills. Still, USDT’s popularity is largely limited to users outside of the United States, where rival stablecoin USDC (USDC) is dominant.

Tether designed USDT “for the people that live in small villages in Africa… [or] a shop owner in Istanbul,” Ardoino told CNBC, adding that Tether is developing a “different product” for the US.

Adoption of USDC has accelerated in the wake of US President Donald Trump’s November election win, Nansen said in an April 25 report. Circle’s USDC has a market capitalization of more than $60 billion, CoinGecko data shows. 

However, USDT is still likely to maintain its leading position in the stablecoin market.  “Despite the potential dispersion in stables, we inevitably believe this is a ‘winner-takes-most’ market dynamic,” the Web3 researcher added. 

Magazine: Bitcoin payments are being undermined by centralized stablecoins

After months of volatility and extreme fear, crypto markets turned a positive corner in the second half of April, highlighting the industry’s big sentiment shift. 

For venture capital, it was business as usual, with investors continuing to pour money into promising startups across layer-1 blockchains, infrastructure, real-world asset tokenization (RWA), and Web3 social media.

This edition of VC Roundup highlights six notable funding deals from April.

Unto Labs raises $14.4M for layer-1 blockchain

Blockchain R&D company Unto Labs raised $14.4 million to continue developing its scalable layer-1 network called Thru. The pre-seed and seed funding was led by venture firms Electric Capital and Framework, with support from angel investors in the Solana engineering community.

The company is led by former Solana contributor Liam Heeger, who argues that “blockchains painted themselves into a corner by inventing custom Virtual Machines (VMs),” which he believes has prevented mainstream adoption.

Thru is built on the RISC-V standard, an open-source computer architecture not limited to blockchain and crypto-specific use cases. 

An Electric Capital partner named Ren called Thru the “next logical step” in blockchain development after Ethereum pushed smart contracts and Solana raised the standard on network performance.

Related: VC Roundup: 8-figure funding deals suggest crypto bull market far from over

MIT-incubated Optimum closes seed round

Blockchain infrastructure developer Optimum closed an $11 million seed round with participation from at least 16 venture capital firms, including 1kx, Robot Ventures, Spartan, Longhash, and Animoca.

Optimum is building a high-performance memory layer for the blockchain using Random Linear Network Coding (RLNC) technology, which was developed at MIT by protocol founder Muriel Médard.

Médard, a professor at MIT, told Cointelegraph in March that RLNC is akin to “breaking a puzzle into small pieces, mixing those pieces together into equations, and sending them to your friends.”

“Even if a few pieces get lost, your friends can still put the whole puzzle together from the pieces they receive,” she said in describing how RLNC can help blockchains overcome scalability issues.

Source: OptimumOctane launches with $6.75M in funding to bring cybersecurity to crypto

Archetype and Winklevoss Capital led a $6.75 million seed round for Octane, an AI cybersecurity startup focused on detecting vulnerabilities in blockchain systems. Additional investors included crypto exchanges Gemini and Circle. 

In its announcement, Octane pointed to data from DefiLlama’s exploit tracker, which shows that crypto attacks have caused over $11.3 billion in losses, more than half of which stem from DeFi hacks.

The monthly sum of crypto exploits. Source: DefiLlama

Octane’s platform is designed to continuously analyze smart contracts for potential vulnerabilities and offers AI-powered tools to help developers identify emerging threats.

a16z backs Inco’s $5M raise

Blockchain confidentiality protocol Inco has closed a $5 million funding round led by Andreessen Horowitz’s Crypto Startup Accelerator, also known as a16z CSX. Additional investors included Coinbase’s venture capital arm, 1kx Capital, OrangeDAO, Script Capital, and South Park Commons.

Inco leverages cryptography to develop confidential computing technology for blockchains. Its first product, Inco Lighting, is designed to bring privacy to onchain applications.

Inco founder Remi Gai said blockchains have successfully solved issues like scalability and abstraction, but “confidentiality remains the final challenge.”

The announcement referenced a Paradigm research report identifying privacy as one of the three main barriers preventing traditional finance from adopting blockchain technology.

Related: VC Roundup: Investors continue to back DePIN, Web3 gaming, layer-1 RWAs

a16z, Coinbase Ventures contribute to Towns Protocol’s $10M raise

Towns Protocol, a Web3 social media platform, raised $10 million in a Series B round led by a16z, with additional backing from Coinbase Ventures and Benchmark. The Series B brings Towns’ cumulative funding to $25.5 million since early 2023.

Shortly after announcing the fundraise, Towns revealed plans to launch 10 billion TOWNS tokens on Base and Ethereum in the second quarter of this year.

Towns is an open-source protocol that allows users to build messaging apps for their digital communities. As of April 29, it has generated $11.5 million in total revenue, with 90% paid out to the creators of individual Towns, according to developer Ryan Cooley.

Source: Ryan CooleyRWA-focused Colb raises $7.3M to boost pre-IPO equity opportunities

Switzerland-based fintech firm Colb Asset SA raised over $7 million in an oversubscribed seed extension to advance the tokenization of pre-IPO equity in companies like SpaceX and OpenAI.

While Colb did not identify its backer, it said the round was funded by a single private investor managing over $20 billion in assets.

The new capital will support Colb’s efforts to expand its tokenization platform and cross-border payment infrastructure, potentially boosting adoption of its USC stablecoin, which it says is the first Swiss-compliant, US dollar-pegged stable asset.

Related: ‘Contrary to popular belief,’ regulation isn’t slowing tokenization — Prometheum CEO

Key takeaways:

ETH price has underperformed its peers during the current bull market, but gas sponsorship could lure developers and traders back to the network.

Ethereum’s upcoming Pectra upgrade promises to improve staking efficiency, potentially increasing demand for ETH.

Data suggests ETH price bottomed. Will the Pectra narrative reignite bullish momentum?

Since 2024, Ether (ETH) has been more of a meme than a market mover. Unlike most of its rivals, ETH still hasn’t reclaimed its all-time high of $4,870 from November 2021, and it regularly underperforms even in the weak altcoin market. Currently, ETH trades at $1,813, down 56% from its local peak in December 2024.

Despite the dismal price action, dismissing Ethereum as a relic may be premature. The network continues to evolve, and the upcoming Pectra upgrade scheduled for May 7 could rekindle market interest.

By addressing long-standing user experience challenges and improving staking, Pectra may help Ethereum narrow the competitive gap with rivals like Solana and BNB. What’s more, it could potentially serve as the catalyst that brings the Ether price back into the spotlight.

What are Pectra’s key upgrades?

The Pectra upgrade introduces 11 Ethereum Improvement Proposals (EIPs) aimed at strengthening Ethereum across three dimensions: scalability through layer-2s, user experience (UX), and staking efficiency.

Scalability remains Ethereum’s most persistent challenge, and critics argue that monolithic L1s would consistently outperform modular L2-based architectures. However, the UX and staking improvements in Pectra could have truly meaningful implications for Ethereum and ETH’s market dynamics.

The standout upgrade is EIP-7702, which allows externally owned accounts (regular user wallets) to temporarily act like smart contracts. This unlocks features such as fee sponsorship and gas payments in tokens other than Ether. 

These enhancements could make Ethereum significantly more user-friendly, lowering entry barriers, enabling DApps to sponsor new users’ gas fees, and improving wallet functionality with less friction. This is particularly relevant for onboarding non-technical users in gaming, payments, and mobile apps, which continue to face hurdles due to poor UX. 

Another positive aspect is that the option to pay gas fees with tokens other than ETH won’t diminish ETH’s role in the network. At the protocol level, validators will continue to receive fees in ETH, while payment processors will have to convert the fee tokens into Ether.

On the staking side, EIPs 7251, 6110, and 7002 will also bring major changes. allow validators to hold up to 2,048 ETH instead of just 32, and significantly simplify validator onboarding and exits.

Validators will be able to stake up to 2,048 ETH instead of just 32, and the onboarding and exit processes will become more seamless. These changes are especially meaningful for institutional validators. As disappointed institutions are starting to sell their ETH holdings, this upgrade could stimulate renewed engagement from big players.

Will the Pectra upgrade affect ETH price?

Ether’s price reflects the market’s expectations around its future demand, driven by its use to pay gas fees, and the dynamics of its supply. The Pectra upgrade is designed to strengthen both sides of that equation: increasing demand while reducing available supply.

On the demand side, a significantly improved user experience could attract mainstream users and developers, accelerating adoption and onchain activity.

On the supply side, streamlined and institution-friendly staking mechanisms may lead to more ETH being locked in validator nodes, tightening the circulating supply and potentially exerting upward pressure on price.

Furthermore, if more innovative wallet features fulfill their promise of driving user adoption, the increased transaction throughput will also accelerate ETH burning, reducing the supply even further.

Data shows Ethereum is currently experiencing one of its lowest burning periods ever, around 70 ETH per day, compared to 2,000 to 4,000 ETH in 2024. A resurgence in activity could push the burn rate higher, adding deflationary pressure that may support the price.

Burned ETH after EIP-1559 (daily).Source: The Block

Related: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

Can Pectra spark an ETH price trend reversal?

Pectra is set to add powerful features to Ethereum, but their impact may take time to materialize. In the meantime, the upgrade could provide the narrative Ether needs to regain market momentum.

Technically, the setup looks favorable. ETH appears to have already formed a local bottom, with the weekly RSI — often a reliable reverse signal — breaking out of its downtrend on April 20. .

This marks the end of a correction that lasted since December 2024 and wiped out as much as 66% of ETH’s value. A new uptrend could be underway, but could Pectra be its trigger?

ETH/USD 1-day. Source: Marie Poteriaieva, TradingView

Historically, Ethereum upgrades often coincided with short-lived price spikes that often failed to create momentum. In 2022, the Merge was overwhelmed by bear market sentiment. The Shapella in 2023, which enabled stake withdrawals, struggled to sustain momentum. The 2024 Dencun upgrade, which improved L2 integration, marked the end of the March rally.

However, the market cycle is now in its third year, just like in 2021, when Ethereum’s Berlin and London upgrades (improving gas pricing and introducing burning) helped fuel a major bull run. If history rhymes, Pectra could sync with the broader rally and mark Ethereum’s return to strength.

Looking ahead, the Fusaka hard fork scheduled for late 2025 could add further upside potential to Ether.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.

According to an April 30 Bloomberg report, Ripple put in a bid of $4 billion to $5 billion as part of an attempted takeover of Circle, which was rejected as being too low. Ripple hasn’t considered whether to make another bid to purchase the stablecoin issuer.

The reported acquisition attempt came less than 30 days after Circle applied for an initial public offering (IPO) in the US. Cointelegraph reached out to representatives of Circle and Ripple for comment, but had not received a response from either at the time of publication.

Related: Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO

Ripple reportedly had an $11 billion valuation in 2024, an estimate CEO Brad Garlinghouse called “outdated” as of January. The blockchain company purchased prime broker Hidden Road for roughly $1.2 billion in April, claiming the move would help scale activity for XRP and XRP Ledger.

Court cases winding down

It’s unclear whether Ripple intends to pursue the Circle acquisition as the firm begins to clear some of its legal entanglements with US regulators.

In August 2024, a court found Ripple liable for $125 million in a case with the US Securities and Exchange Commission (SEC) first filed in 2020. However, Garlinghouse announced in March that the SEC planned to drop its appeal against the firm over the ruling, with Ripple later stating it would pay a net $50 million for the lower court judgment.

Both announcements followed meetings between Garlinghouse and Ripple’s chief legal officer, Stuart Alderoty, and US President Donald Trump. The blockchain firm contributed $5 million to Trump’s inauguration fund after his election victory, and both executives attended events as official guests on Jan. 20.

Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set

Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.

According to an April 30 Bloomberg report, Ripple put in a bid of between $4 billion and $5 billion as part of an attempted takeover of Circle, which was rejected as being too low. Ripple hasn’t considered whether to make another bid to purchase the stablecoin issuer.

The reported acquisition came less than 30 days after Circle applied for an initial public offering (IPO) in the US. Cointelegraph reached out to representatives of Circle and Ripple for comment, but did not receive a response from either at the time of publication.

This is a developing story, and further information will be added as it becomes available.

Key points:

Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion.

Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above.

Although the probability is low, traders should remain cautious about a pullback in the near term.

Bitcoin (BTC) has been trading in a tight consolidation near the $95,000 level for several days. K33 Research head of research Vetle Lunde said in a post on X that Bitcoin’s 7-day volatility has hit a 563-day low.

A range expansion usually follows a low-volatility period. Although it is difficult to predict the direction of the breakout, a tight consolidation just below a crucial resistance increases the likelihood of an upside rally. Several analysts are also optimistic that Bitcoin’s break will occur to the upside.

Crypto market data daily view. Source: Coin360

Although signs point to a possible breakout to the upside, traders should remain cautious. Sometimes, short-term buyers book profits when the price fails to break out to the upside. That leads to a short-term pullback.

Could Bitcoin break above $95,000, or is a correction around the corner? How are the altcoins placed? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin bulls are struggling to push the price above the $95,000 barrier, but a minor positive is that the buyers have not ceded ground to the bears. That suggests the bulls have kept up the pressure.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day exponential moving average ($90,102) and the relative strength index (RSI) in the positive territory indicate the path of least resistance is to the upside. A break and close above $95,000 could swiftly propel the BTC/USDT pair to the psychological resistance at $100,000. Sellers are expected to vigorously defend the $100,000 obstacle, but if the bulls prevail, the pair could soar toward $107,000.

Sellers are likely to have other plans. They will try to yank the price to the 20-day EMA, which is a strong near-term support to keep an eye on. A bounce off the 20-day EMA will keep the bullish momentum intact, but a break below it could sink the pair to the 50-day simple moving average ($85,645).

Ether price prediction

Ether (ETH) is finding support at the moving averages, but the bulls have failed to resume the relief rally.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

A break and close above $1,858 signals strength to the buyers. The ETH/USDT pair could then rally to the breakdown level of $2,111. Sellers are expected to aggressively defend the $2,111 level as a break above it suggests that the downtrend has ended. The pair could then skyrocket to $2,550.

On the contrary, if the price turns down and breaks below the moving averages, it signals a range formation. The pair could swing between $2,111 and $1,368 for a while.

XRP price prediction

XRP (XRP) turned down from the resistance line on April 28 and slipped below the moving averages on April 30.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price continues lower and closes below the moving averages, it suggests that the bears have seized control. The pair could then retest the critical support at $2. If this level also cracks, the XRP/USDT pair may plunge to $1.61.

The resistance line remains the key level to watch out for on the upside. If buyers pierce the resistance line, it suggests that the downtrend could be over. The pair may then ascend to $3.

BNB price prediction

BNB (BNB) slipped below the moving averages on April 30, indicating that the bulls are losing their grip.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will have to quickly push the price back above the moving averages to stay in the game. A break and close above $620 indicates an advantage to the bulls and opens the doors for a rally to $644. Sellers may pose a substantial challenge at $644, but if the buyers prevail, the BNB/USDT pair could soar to $680.

Contrarily, a close below the moving averages suggests that the bears are trying to form a lower high. The pair could drop to $576 and then to $566, where the bulls are expected to step in.

Solana price prediction

Solana (SOL) pulled back from the $153 resistance, but the bulls are trying to sustain the price above the 20-day EMA ($140).

SOL/USDT daily chart. Source: Cointelegraph/TradingView

Suppose the price rebounds off the 20-day EMA with strength; the likelihood of a break above the $153 resistance increases. If that happens, the SOL/USDT pair could pick up momentum and surge to $180. 

Alternatively, a break and close below the 20-day EMA suggests that the short-term bulls are closing their positions. The pair may then slip to the 50-day SMA ($131), signaling a consolidation between $110 and $153.

Dogecoin price prediction

Dogecoin (DOGE) has been range-bound between $0.21 and $0.14 for several days, indicating buying near the support and selling close to the overhead resistance.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI just below the midpoint signal that the range-bound action may extend for a few more days. The trend will turn in favor of the bulls if they push and maintain the DOGE/USDT pair above the $0.21 resistance. That completes a double-bottom pattern, which has a target objective of $0.28.

On the downside, buyers are expected to vigorously defend the $0.14 support because a break below it could resume the downtrend toward $0.10.

Cardano price prediction

Cardano (ADA) has been sustaining above the moving averages for the past few days, but the bulls have failed to start a strong rebound. 

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price skids below the moving averages, it will tilt the short-term advantage in favor of the bears. The ADA/USDT pair could drop to $0.58, which is expected to act as a strong support. 

If buyers want to prevent the downside, they will have to swiftly push the price above the $0.75 resistance. If they do that, the pair could rally to $0.83, where the bears are likely to mount a strong defense.

Related: Bitcoin macro indicator that predicted 2022 bottom flashes ‘buy signal’

Sui price prediction

Buyers tried to push Sui (SUI) above the $3.90 overhead resistance on April 28, but the bears held their ground.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are trying to strengthen their position by pulling the price below the 38.2% Fibonacci retracement level of $3.14. If they manage to do that, the pair could plummet to the 20-day EMA ($2.89).

Conversely, if the price turns up sharply from the current level, the bulls will again try to kick the price above the $3.90 resistance. If they can pull it off, the SUI/USDT pair could rise to $4.25 and later to $5.

Chainlink price prediction

The failure of the bulls to propel Chainlink (LINK) above the $16 overhead resistance has pulled the price to the moving averages.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($13.93) is sloping up, but the RSI has dropped near the midpoint, suggesting that the bullish momentum is weakening. If the price rebounds off the moving averages with strength, the bulls will attempt to drive the LINK/USDT pair to the resistance line of the descending channel.

The first sign of weakness will be a break and close below the moving averages. That opens the doors for a fall to $11.68.

Avalanche price prediction

Avalanche (AVAX) has dropped to the moving averages, which is likely to attract buying by the bulls.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

If the price rebounds off the moving averages, the bulls will again attempt to drive the AVAX/USDT pair above the overhead resistance. If they succeed, the pair will complete a double-bottom pattern. That could start a rally to the pattern target of $31.73.

If the price continues lower and breaks below the 50-day SMA ($19.68), it signals that the bulls have given up. That may keep the pair inside the $23.50 to $15.27 range for a few more days. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.