Major cryptocurrencies experienced a notable rally midweek, buoyed by easing trade tensions and dovish policy signals. However, profit-taking and technical resistance have since moderated further upside momentum. Key assets like Bitcoin, Ethereum, XRP, and Dogecoin are now consolidating, while some altcoins are witnessing minor pullbacks.

KEY HIGHLIGHTS 

• Bitcoin retreats to $92K after midweek rally on trade optimism.
• Ripple pares gains as Open Interest declines after market rebound.
• Dogecoin slips below $0.18 after strong resistance at $0.185.
• Ethereum steadies above $1,750, eyes breakout above $1,840 resistance.

Bitcoin (BTC) – Eases to $92K After Sharp Rally

Market Overview

Bitcoin pulled back on Thursday after surging nearly 7% on Wednesday to a seven-week high of $94,000. The rally followed U.S. President Donald Trump’s softened stance toward Federal Reserve Chair Jerome Powell and optimism around trade negotiations with Japan.

• Supportive Factors:
• Eased geopolitical tensions
• Anticipation of a dovish monetary policy stance
• Upcoming U.S.-Japan tariff discussions (April 30 – May 2)

Technical Overview

Moving Averages

• Exponential
• MA 10: 88,528.42 – Bullish (Positive Crossover)
• MA 20: 86,455.15 – Bullish (Positive Crossover)
• MA 50: 86,290.57 – Bullish (Positive Crossover)
• Simple
• MA 10: 87,439.13 – Bullish (Positive Crossover)
• MA 20: 84,545.04 – Bullish (Positive Crossover)
• MA 50: 84,395.29 – Bullish (Positive Crossover)

Indicators

• RSI: 63.99 – Buy Zone, Bullish
• Stochastic Oscillator: 92.42 – Buy Zone, Neutral

Key Levels

• Resistance: R1 – 92,792.63 | R2 – 97,475.47
• Support: S1 – 77,632.94 | S2 – 72,950.11

Trade Suggestion

• Limit Buy: 89,017
• Take Profit: 95,855
• Stop Loss: 85,397

Ripple (XRP) – Consolidating After Recent Highs

Market Overview

XRP surged to $2.30 alongside a broader market rally before retracing slightly. The move came as President Trump called for a more accommodative Fed policy and suggested progress on the U.S.-China trade front.

• Key Driver: Market optimism over trade talks and monetary policy
• Potential Upside: A sustained move could push XRP to the $2.74 target (+26%)

Technical Overview

Moving Averages

• Exponential
• MA 10: 2.1266 – Bullish
• MA 20: 2.1182 – Bullish
• MA 50: 2.1966 – Bearish
• Simple
• MA 10: 2.1118 – Bullish
• MA 20: 2.0660 – Bullish
• MA 50: 2.1964 – Bearish

Indicators

• RSI: 50.87 – Buy Zone, Bullish
• Stochastic Oscillator: 75.89 – Buy Zone, Neutral

Key Levels

• Resistance: R1 – 2.7609 | R2 – 3.0230
• Support: S1 – 1.9121 | S2 – 1.6500

Trade Suggestion

• Limit Buy: 2.12
• Take Profit: 2.30
• Stop Loss: 2.03

Dogecoin (DOGE) – Correcting After Strong Gains

Market Overview

Dogecoin broke above key resistance levels earlier in the week, climbing to $0.1852. However, it has since pulled back below $0.180 as bullish momentum weakens.

• Upside Targets: Immediate resistance at $0.1780, followed by $0.1800 and $0.1850
• Downside Risk: Support at $0.1720 and $0.1650. A break below $0.1650 may trigger deeper losses.

Technical Overview

Moving Averages

• Exponential
• MA 10: 0.1661 – Bullish
• MA 20: 0.1646 – Bullish
• MA 50: 0.1791 – Bearish
• Simple
• MA 10: 0.1624 – Bullish
• MA 20: 0.1598 – Bullish
• MA 50: 0.1687 – Bullish

Indicators

• RSI: 54.30 – Buy Zone, Bullish
• Stochastic Oscillator: 80.56 – Buy Zone, Neutral

Key Levels

• Resistance: R1 – 0.2218 | R2 – 0.2453
• Support: S1 – 0.1459 | S2 – 0.1224

Trade Suggestion

• Limit Buy: 0.166
• Take Profit: 0.187
• Stop Loss: 0.155

Ethereum (ETH) – Steady After Midweek Breakout

Market Overview

Ethereum surged above key resistance levels near $1,750 and touched a high of $1,834 before consolidating. It remains above $1,720 and could attempt a breakout above $1,840.

• Upside Potential: Break above $1,840 could open path to $1,920
• Support Zone: $1,780 and $1,720

Technical Overview

Moving Averages

• Exponential
• MA 10: 1,674.70 – Bullish
• MA 20: 1,683.21 – Bullish
• MA 50: 1,876.28 – Bearish
• Simple
• MA 10: 1,641.43 – Bullish
• MA 20: 1,622.22 – Bullish
• MA 50: 1,820.62 – Bearish

Indicators

• RSI: 52.09 – Buy Zone, Bullish
• Stochastic Oscillator: 85.62 – Buy Zone, Neutral

Key Levels

• Resistance: R1 – 2,343.14 | R2 – 2,528.85
• Support: S1 – 1,741.93 | S2 – 1,556.22

Trade Suggestion

• Limit Buy: 1,661.8
• Take Profit: 1,850.0
• Stop Loss: 1,570.6

Broader Crypto Market Summary

• Bitcoin: Down 1.18% at 92,608
• Ethereum: Down 2.5% at 1,750.75
• Litecoin: Down 1.83% at 81.20
• Solana: Down 2.4% at 147.34
• Dogecoin: Down 2.94% at 0.173

Key Economic Events Today

• (USD) Initial Jobless Claims
• Forecast: 222K
• Previous: 215K
• Time: 18:00
• (EUR) ECB’s Lane Speaks
• Time: 18:30
• (EUR) Existing Home Sales (Mar)
• Forecast: 4.14M
• Previous: 4.26M
• Time: 19:30