BTC, ETH, XRP, DOGE, BSV, ONT, ALGO – Technical Analysis April 14

Dogecoin (DOGE) just reached a new all-time high price while XRP is aiming to increase above $2.

Algorand (ALGO), Bitcoin SV (BSV), and Ontology (ONT) have moved above horizontal resistance levels.

Bitcoin (BTC)

Bitcoin broke out from a short-term ascending resistance line and has been increasing since. It reached an all-time high price of $64,854 on April 14. 

Technical indicators do not yet show weakness. However, it\s possible that BTC will return to this resistance line and validate it as support.

Afterward, is expected to continue moving upwards. It’s likely that it will reach $68,400, but could potentially keep moving up to the neighborhood of $80,000.

Ethereum (ETH)

On April 2, ETH managed to move above the previous all-time high resistance of $2,000. After five days, it validated it as support (green arrow) and has been increasing since.

Technical indicators are bullish. Furthermore, the RSI has just crossed above 70, a strong sign of a bullish trend.

ETH is expected to continue increasing towards $2,900-$3,000.

XRP (XRP)

XRP has been increasing since March 25 when it first broke out above a long-term resistance area. 

Despite the increase, it’s possible that XRP has reached the top of its short-term wave three (orange). The current high is very close to the 1:1.61 Fib projection of sub-waves 1-3. 

After this correction is complete, a move towards a new all-time high is expected.

Dogecoin (DOGE)

DOGE had been decreasing since Feb. 7 when it had reached a high of $0.086.

It began to move upwards on April 10, and the rate of increase accelerated on April 13.

The next day, it managed to reach a new all-time high price of $0.144.

The next resistance area is found at $0.16.

Bitcoin SV (BSV)

After three unsuccessful attempts, BSV managed to break out above the $276 resistance area on April 14. 

Technical indicators are bullish, supporting the continuation of the upward movement. 

The next resistance area is found at $375.

Ontology (ONT)

ONT has been moving upwards since breaking out from a descending resistance line at the beginning of the year. 

Last week, it managed to move above the $1.90 resistance area. Technical indicators support the continuation of the upward movement. 

The next resistance is found at $2.60.

Algorand (ALGO)

On Feb. 23, ALGO bounced at $0.83 and has been moving upwards since. While it initially struggled to move above $1.45, it was successful in doing so on April 11. 

Currently, it’s in the process of validating the area as support. 

If successful, it could increase towards $1.85. If it breaks out, it could potentially reach the $2.46 level.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.