Bitcoin’s rise above the $70,000 level boosted altcoin prices. According to crypto analyst Rakesh Upadhyay, this signaled the possibility of a new BTC all-time high. What are the key resistance levels to watch out for in key altcoins, including Bitcoin and XRP Coin? The analyst analyzes the charts to find out.

BTC, ETH, BNB and SOL Coin analysis

Bitcoin (BTC) price analysis

Bitcoin broke above the symmetrical triangle pattern on April 8. Thus, it showed that the bulls have prevailed over the bears. BTC is likely to retest its all-time high of $73,777. This level will act as an important barrier. However, if the bulls break through this level, BTC is likely to start the next leg of the uptrend towards the $84,000 pattern target. Time is running out for the bears. If they want to make a comeback, they will need to quickly drive the price below the 20-day EMA ($68,335). If this happens, BTC is likely to fall to the 50-day SMA ($64,828).

Ethereum (ETH) price analysis

Cryptocoin.comEther has been trading between $3,056 and $3,679 for several days. This shows the indecision between bulls and bears. ETH has reached the overhead resistance of $3,679, which is an important level to keep an eye on. If buyers break through this barrier, it is possible that ETH will gain momentum and rise to $4,093. Bears are expected to fiercely defend this level. But if the bulls prevail, ETH is likely to start the next leg of the uptrend towards $4,488. Contrary to this assumption, if the price drops sharply from $3,679 and breaks below the 20-day EMA, it will indicate that the range-bound movement will continue for some more time.

Binance Coin (BNB) price analysis

BNB continues to trade in a symmetrical triangle pattern. This suggests a balance between supply and demand. The 20-day EMA ($570) is gradually rising and the RSI is in positive territory. This suggests that the bulls have a small advantage. BNB has reached the bearish trend line of the triangle. If it breaks through this resistance, it is possible that BNB will retest its March 16 high of $645. On the contrary, if the price turns down from the downtrend line, it will indicate that BNB will remain inside the triangle for a few more days. If the price falls below the triangle, the bears will be in a dominant position.

Solana (SOL) price analysis

The bulls are struggling to hold Solana above the 20-day EMA ($181). This suggests that the bears are defending the level. If the price turns down from the current level, SOL is likely to fall to the critical support at $162. The bulls need to protect this level strongly. Because failure to do so will open the doors for a drop to $126. Alternatively, if the price rebounds from $162 and breaks above the 20-day EMA, it will signal that SOL will extend its stay in the $162 to $205 range for a while longer. The next leg of the bull trend could start with a break above $205.

DOGE, ADA, TON and XRP Coin analysis

Ripple (XRP Coin) price analysis

The bears failed to capitalize on the XRP Coin price falling below the bull trend line. This attracted buyers who pushed the price above the moving averages on April 8. The flat moving averages and the RSI just above the midpoint suggest a range-bound move in the near term. XRP Coin price is likely to fluctuate between $0.56 and $0.69 for a few more days. Buyers will need to push the price above $0.69 to increase the probability of a rise to the formidable resistance of $0.74. Instead, if the bears want to take charge, they will need to push the XRP Coin price below $0.56 and sustain it. The XRP Coin price is then likely to fall to $0.52 and then to $0.48.

Dogecoin (DOGE) price analysis

DOGE broke above the 20-day EMA ($0.18) on April 6. It also continued to rise to break above $0.19 on April 7. The bulls will try to keep the momentum and push the price towards the overhead resistance at $0.23. A break and close above this level will signal the resumption of the bull trend. DOGE will then try to push higher to $0.30. On the contrary, if the price breaks below the 20-day EMA, it will indicate that the bears remain active at higher levels. This will increase the probability of a fall to the 50-day SMA ($0.15).

Cardano (ADA) price analysis

Bulls have successfully held Cardano above $0.57 over the past few days. It also pushed the price to the 20-day EMA ($0.62) on April 8. If the price turns down from the 20-day EMA, it will signal that the bears are in command. Sellers will try to push the price below $0.57. If they succeed, the ADA will complete a bearish head and shoulders pattern. This is likely to initiate a downside move towards the next major support at $0.46. The first sign of strength would be a break and close above the 20-day EMA. This would open the door for a rise to $0.68. Buyers will need to clear this hurdle to increase the probability of a rise to $0.81.

Toncoin (TON) price analysis

Toncoin (TON) jumped above the general resistance zone of $5.50 to $5.69 on April 8. This signaled the start of the next leg of the bull trend. If buyers hold the price above $5.69, TON could rise to the next target of $7.09. The upward sloping moving averages and the RSI in the overbought zone suggest that the bulls are in control. The bears will need to drive the price below $5.50 to trap the aggressive bulls. This could result in long liquidation, threatening the 20-day EMA ($4.97). If this level gives way, TON is likely to fall to $4.72 and then to the 61.8% Fibonacci retracement level of $4.22.