Polkadot, Binance Coin, Bitcoin Cash, Bitcoin SV Price Movement Analysis for 28th April, 2021

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Because of the market’s alts’ affiliation with Bitcoin, the former followed suit when BTC depreciated on the price charts. However, such a connection meant that as the king coin recovered, so did many alts, including Polkadot, Binance Coin, Bitcoin Cash, and Bitcoin SV.

Polkadot [DOT]

Polkadot, the eighth most valuable cryptocurrency according to CoinMarketCap, was trading above its all-time peak of $47.63 until corrections pulled the alt’s price lower. In fact, following the most recent round of corrections, DOT fell by more than 33% on the charts. However, in accordance with the wider market’s optimism, DOT had regained some of its previous losses as of press time.

It remains to be seen if this fleeting uptrend can be extended by another breach of a previous ATH.

The widening mouth of the Bollinger Bands indicated that some business momentum was on the way in the short term. Furthermore, as a result of the recent bullish market action, the Relative Strength Index was approaching an equilibrium point between the oversold and overbought areas.

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Because of the DOT’s press time market conduct, past price analysis forecasts are now null and void.

Binance Coin [BNB]

Source: BNB/USD on TradingView

The Bitcoin-led price depreciation halted BNB’s bull run, as it did that of other altcoins. Despite its pricing operation being very unpredictable, Binance Coin, the crypto-largest market’s exchange token, was quick to recover on the indices. Nonetheless, at the time of publishing, BNB was close to its ATH pace, with the market’s continued bullishness set to propel the altcoin higher in the rankings.

Despite the fact that the dotted markers on the Parabolic SAR were under the price candles, emphasising the aforementioned bullishness, the Awesome Oscillator’s histogram showed a combination of bullish and bearish signals, despite the market’s positive momentum.

However, it should be noted that trade turnover has recently stayed steady and normal.

As predicted, BNB’s value failed to meet its strong support level of $300, and the alt is now planning for a bullish leg north.

Bitcoin Cash [BCH]

Source: BCH/USD on TradingView

This was demonstrated by the altcoin’s technical metrics. Despite the fact that the dotted markers on the Parabolic SAR were well above the price candles, indicating that bearishness was fading, the MACD line remained below the Signal line. If the current press time trend continues, a bullish convergence could occur shortly.

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BCH made headlines a few days ago when members of the party tried to convince Elon Musk and Tesla to accept the altcoin as payment support.

This was demonstrated by the altcoin’s technical metrics. Despite the fact that the dotted markers on the Parabolic SAR were well above the price candles, indicating that bearishness was fading, the MACD line remained below the Signal line. If the current press time trend continues, a bullish convergence could occur shortly.

BCH made headlines a few days ago when members of the party tried to convince Elon Musk and Tesla to accept the altcoin as payment support.

Bitcoin SV [BSV]

Source: BSV/USD on TradingView

Bitcoin SV’s market operation has been strictly rangebound for the bulk of the last few months, with the exception of a few brief price rises here and there. This cycle was broken in April, when the altcoin rode the coattails of the rest of the market to gain nearly 70% in less than a week.

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This was not to last, as BSV quickly corrected by nearly 50% after BTC dropped. Although some recovery was underway at the time of publishing, the altcoin was still priced at a pace well below its local levels. Furthermore, trading rates remain average, as they have been for the majority of the past few months.

At press time, the Awesome Oscillator’s histogram had fallen below the half-line, indicating a drop in business traction. The Relative Strength Index, on the other hand, was acting as a bridge between the oversold and overbought areas.

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