BTC, ETH, LINK and ADA Price Movement Analysis for 17th April, 2021

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Since yesterday’s crash, the cryptocurrency market has begun to recover this weekend. Except for DOGE, whose rate has dropped by 15%, the majority of the top ten coins are in the green.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

 

The vital data for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK) and Cardano (ADA):

Name

Ticker

Market Cap

Price

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,143,224,347,517 $61,152.34 $72,851,272,983 0.43%

Ethereum

ETH

$278,773,004,343 $2,410.12 $31,543,131,816 0.95%

Chainlink

LINK

$17,554,591,264 $41.96 $2,651,682,016 2.58%

Cardano

ADA

$44,908,809,798 $1.40 $4,771,915,822 -0.59%

 

BTC/USD

Bitcoin (BTC) has almost remained unchanged since yesterday, increasing by $0.43.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Despite a minor fall today, the largest cryptocurrency may soon retest the resistance at $61,200.

The long-term bullish outlook is still applicable in this situation.

At the time of writing, Bitcoin was priced at $61,155.

ETH/USD

Ethereum (ETH) is more optimistic, as the biggest altcoin’s price has increased by almost 1% since yesterday.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) is still optimistic, as the coin continues to trade in a growing channel. In this scenario, one can anticipate development to the channel’s peak of about $2,700 in the near future.

RECOMMENDED READ:  Altcoins have just mirrored a leap that will propel them 27,000% stronger in 2021.

At the time of writing, Ethereum was priced at $2,412.

 

LINK/USD

Today’s top gainer is Chainlink (LINK). Its pace has increased by 2.58 percent in the last day.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

Despite today’s gains, the medium-term image is neither bullish nor bearish, as the altcoin is now in a sideways pattern. In this regard, the more likely scenario is selling in the $40-$45 range.

At the time of writing, LINK was trading at $42.

 

ADA/USD

Cardano (ADA) is the biggest loser today, with the coin’s price falling by 0.59 percent.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) is now in a sideways trend. ADA is expected to trade in the $1.45-$1.50 range in the coming week, according to traders.

At the time of writing, ADA was trading at $1.40.

 

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