Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

 

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

Bitcoin (BTC) has risen above $85,000, signaling that the bulls are attempting to kind a better low at $83,000. The short-term worth motion stays vulnerable to information associated to the US tariffs and the continuing commerce conflict with China.

Gold has been a transparent winner through the present bout of macroeconomic uncertainty. Citing information from Bank of America (BoA), The Kobeissi Letter stated that gold funds are on track to hit $80 billion in web inflows year-to-date, roughly double the quantity seen in 2020. In comparability, spot Bitcoin exchange-traded funds’ net inflows have shrunk to just $165 million after weeks of steady outflows, per CoinShares information.

Dogecoin, Cryptocurrencies, China, Gold, Bitcoin Price, XRP, Markets, United States, Cryptocurrency Exchange, Cardano, Price Analysis, Binance Coin, Chainlink, Unus Sed Leo, Market Analysis, Ether Price, Solana, Avalanche, Bitcoin ETF, ETF
Crypto market information every day view. Source: Coin360

However, some cryptocurrency traders are pleased about gold’s rally as a result of a well-liked principle means that Bitcoin not solely copies however exceeds gold’s rally with just a few months’ lag. Anonymous crypto dealer Titan of Crypto stated in a submit on X that Bitcoin could hit $137,000 by July-August 2025.

Could Bitcoin bulls construct momentum and push the worth above the overhead resistance? Will the altcoins additionally see a short-term rally? Let’s analyze the charts of the highest 10 cryptocurrencies to seek out out.

Bitcoin worth evaluation

Bitcoin didn’t rise above the 200-day easy transferring common ($87,660) on April 15, however a minor optimistic is that the consumers have sustained the worth above the 20-day exponential transferring common ($83,289).

Dogecoin, Cryptocurrencies, China, Gold, Bitcoin Price, XRP, Markets, United States, Cryptocurrency Exchange, Cardano, Price Analysis, Binance Coin, Chainlink, Unus Sed Leo, Market Analysis, Ether Price, Solana, Avalanche, Bitcoin ETF, ETF
BTC/USDT every day chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA and the relative power index (RSI) close to the midpoint recommend the sellers are shedding their grip. Buyers should propel the worth above the 200-day SMA to grab management. If they handle to do this, the BTC/USDT pair may bounce to $95,000 and finally to the psychologically essential degree at $100,000.

Contrarily, a break and shut beneath the 20-day EMA signifies that the bulls have given up. That may pull the pair all the way down to $78,500 and later to $73,777.

Ether worth evaluation

Ether’s (ETH) aid rally stalled on the 20-day EMA ($1,697) on April 14, suggesting that bears stay energetic at greater ranges.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
ETH/USDT every day chart. Source: Cointelegraph/TradingView

Sellers will attempt to strengthen their place by pulling the worth beneath $1,471. If they do this, the ETH/USDT pair may fall to $1,368. Buyers will attempt to guard the $1,368 degree, however the pair may droop to $1,150 if the bears have their means.

The first signal of power might be a break and shut above $1,754. That opens the gates for a potential rally to $2,111. The 50-day SMA ($1,919) could act as a barrier, however it’s prone to be crossed. Buyers should shove the worth above $2,111 to sign that the downtrend could have ended.

XRP worth evaluation

XRP (XRP) broke beneath the 20-day EMA ($2.10) on April 15 and reached close to the crucial assist at $2 on April 16. 

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
XRP/USDT every day chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA and the RSI slightly below the midpoint recommend a potential range-bound motion within the close to time period. The XRP/USDT pair could swing between $2 and the 50-day SMA ($2.23) for some time.

A break and shut above the 50-day SMA may clear the trail for a rally to the resistance line. This is a crucial degree for the bears to defend as a result of a break above it would sign a short-term development change. On the draw back, a break and shut beneath $2 may sink the pair to $1.61.

BNB worth evaluation

BNB (BNB) has been buying and selling inside a triangle, signaling shopping for close to the assist line and promoting near the downtrend line. 

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
BNB/USDT every day chart. Source: Cointelegraph/TradingView

The downsloping transferring averages and the RSI slightly below the midpoint point out a slight edge to the bears. There is assist at $566 after which at $550. If the worth rebounds off the assist, the bulls will once more attempt to shove the worth above the downtrend line. If they’ll pull it off, the BNB/USDT pair may rally to $644.

Sellers are prone to produce other plans. They will attempt to pull the worth beneath $550 and retest the assist line.

Solana worth evaluation

Sellers efficiently defended the 50-day SMA ($130) in Solana (SOL) and are attempting to tug the worth beneath the $120 assist.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
SOL/USDT every day chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($124) and the RSI close to the midpoint recommend a stability between provide and demand. Buyers are anticipated to defend the $120 to $110 assist zone. If the worth rebounds off the assist zone, the bulls will once more try and drive the SOL/USDT pair above the 50-day SMA. If they succeed, the pair may attain $153.

Alternatively, if the worth continues decrease and breaks beneath $110, it signifies that bears stay in management. The pair may then tumble to the $95 assist.

Dogecoin worth evaluation

Dogecoin (DOGE) has been steadily sliding to the important assist at $0.14, the place the consumers are anticipated to step in.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
DOGE/USDT every day chart. Source: Cointelegraph/TradingView

The optimistic divergence on the RSI means that the bearish momentum might be weakening. If the worth turns up from the present degree or $0.14, the potential of a break above the 50-day SMA ($0.17) will increase. The DOGE/USDT pair will full a double-bottom sample on a break above $0.21, signaling that the downtrend could have ended.

Conversely, a break and shut beneath $0.14 alerts the resumption of the downtrend towards the subsequent main assist at $0.10.

Cardano worth evaluation

Cardano (ADA) turned down from the 20-day EMA ($0.64) on April 13, indicating that the bears proceed to promote on rallies.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
ADA/USDT every day chart. Source: Cointelegraph/TradingView

Sellers will attempt to strengthen their place by pulling the worth beneath the $0.58 assist. If they succeed, the ADA/USDT pair may droop to the crucial degree at $0.50. Buyers are anticipated to defend the extent with all their would possibly as a result of the failure to take action could lengthen the downtrend to $0.40.

On the upside, consumers are prone to face promoting within the zone between the transferring averages. A break and shut above the 50-day SMA ($0.70) opens the doorways for a rally to $0.83.

Related: Why is XRP price down today?

UNUS SED LEO worth evaluation

Buyers have pushed UNUS SED LEO (LEO) above the 20-day EMA ($9.39), which is a optimistic signal.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
LEO/USD every day chart. Source: Cointelegraph/TradingView

There is minor resistance on the 50-day SMA ($9.58), however the degree is anticipated to be crossed. The LEO/USD pair could then retest the crucial overhead resistance of $9.90. If consumers overcome the barrier at $9.90, the pair will full an ascending triangle sample. That may begin a transfer towards the goal goal of $12.04.

Sellers should pull and preserve the worth beneath $9.24 to realize the higher hand. That may begin a decline to $8.79. 

Chainlink worth evaluation

Buyers are struggling to propel Chainlink (LINK) above the 20-day EMA ($12.81), however they’ve stored up the stress.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
LINK/USDT every day chart. Source: Cointelegraph/TradingView

There is minor assist at $11.68, but when the extent cracks, the LINK/USDT pair may plunge to the assist line of the descending channel sample. Buyers are anticipated to defend the extent, but when the bears prevail, the pair may drop to $8.

If consumers wish to make a comeback, they should kick the worth above the transferring averages. The pair may then climb to $16 and later to the resistance line. A break and shut above the channel alerts a possible development change.

Avalanche worth evaluation

The failure to push Avalanche (AVAX) above the downtrend line could have attracted revenue reserving by the short-term bulls.

Price predictions 4/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX
AVAX/USDT every day chart. Source: Cointelegraph/TradingView

The bears are attempting to sink the AVAX/USDT pair beneath the 20-day EMA ($18.98). If they handle to do this, the pair may descend to the $15.27 assist. Buyers are anticipated to vigorously defend the $15.27 degree as a result of a break beneath it could begin the subsequent leg of the downtrend to $14 after which $12.

The first signal of power might be a break and shut above the downtrend line. That opens the doorways for a rally to $23.50. If consumers overcome this barrier, the pair will full a double-bottom sample with a goal goal of $31.73.

This article doesn’t comprise funding recommendation or suggestions. Every funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.

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