April 17 technical analysis: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, AVAX

! Bitcoin (BTC) has broken above $85,000, indicating that bulls are attempting to establish a higher bottom around the $83,000 region. However, the short-term trend may still be influenced by news related to US tariff policy and escalating trade tensions with China.

Amid the current macroeconomic uncertainty, gold is emerging as the preferred haven asset. Citing Bank of America (BoA), The Kobeissi Letter said gold funds have attracted net inflows of up to $80 billion since the start of the year — nearly double the 2020 record. In contrast, according to data from CoinShares, spot Bitcoin ETFs have only recorded net inflows of around $165 million after weeks of consecutive withdrawals.

Still, many cryptocurrency investors remain optimistic, citing gold’s strong rally as the basis for a popular hypothesis: Bitcoin not only reflects gold’s performance, but can also surpass it, albeit with a delay of several months. The Titan of Crypto analyst recently commented on platform X that BTC could hit $137,000 in July or August 2025.

Will the bulls have enough force to pull the price above the key resistance zone? Can altcoins take advantage of this momentum to bounce in the short term? Let’s analyze the charts of the top 10 cryptocurrencies to find the answer.

BTC Technical Analysis

Bitcoin failed to break above the 200-day (SMA) simple moving average at $87,660 on April 15, but the positive signal is that the bulls still hold the price above the 20-day (EMA) exponential moving average at $83.289.

! date-17-4-phan-analysisBTC/USDT daily chart | Source: Tradingview The flat 20-day EMA and relative strength index (RSI) near average indicate that the bears are losing control. To regain the initiative, bulls need to push the price above the 200 SMA. If it does, the BTC/USDT pair can skyrocket to $95,000 and eventually to the psychologically important level at $100,000.

Conversely, if the price breaks out and closes below the 20-day EMA, it will indicate that the bulls have given up the game. At that point, the pair can fall to $78.500 and then to $73.777.

ETH Technical Analysis

Ether’s mild rally was (ETH) stopped at the 20-day EMA ($1.697) on April 14, indicating that bears remain actively selling at high prices.

! date-17-4-phan-analysisDaily ETH/USDT Chart | Source: TradingviewThe bears will try to consolidate their positions by pulling the price below $1,471. If successful, the ETH/USDT pair can fall further to $1,368. The bulls will try to defend the $1,368 support area, but if the bears continue to prevail, the price can plunge to $1,150.

The first signal of returning strength will be when the price breaks out and closes above $1,754. At that time, a rally to $2,111 can be triggered. The 50-day SMA ($1.919) could act as resistance, but a crossover is quite high. The bulls will need to push the price above $2,111 to signal the downtrend may have ended.

XRP Technical Analysis

XRP broke below the 20-day EMA ($2.10) on April 15 and close to the critical support zone at $2 on April 16.

! date-17-4-phan-analysisDaily XRP/USDT Chart | Source: TradingviewThe sideways 20-day EMA and RSI just below average indicate the possibility of volatility in a narrow range in the short term. The XRP/USDT pair may fluctuate between $2 and the 50-day SMA ($2.23) for some time.

If the price breaks out and closes above the 50-day SMA, it could pave the way for a rally to the overhead resistance line. This is an important price level that bears need to defend, because if penetrated, it will signal a trend change in the short term. Conversely, if the price breaks out and closes below $2, the pair can fall to the support level of $1.61.

BNB Technical Analysis

BNB is currently trading in a triangle pattern, which shows buying appearing near the support line and selling pressure near the downtrend line.

! date-17-4-phan-analysisBNB/USDT daily chart | Source: TradingviewThe moving averages are trending down, and the RSI is below average, indicating that the bears have a slight advantage. There are support levels at $566 and followed by $550. If the price bounces from this support zone, the bulls will again try to push the price above the downtrend line. If successful, the BNB/USDT pair can rally to $644.

However, the bears are unlikely to let that happen. They will try to pull the price below $550 to retest the support line.

SOL Technical Analysis

The Solana bears (SOL) successfully defended the 50-day SMA ($130) and are now attempting to pull the price below the $120 support.

! date-17-4-phan-analysisDaily SOL/USDT chart | Source: TradingviewThe flat 20-day EMA ($124) and near-average RSI indicate that supply and demand are relatively in balance. The bulls expect to defend the support zone between $120 and $110. If the price bounces from this support zone, the bulls will again try to push the SOL/USDT pair above the 50-day SMA. If successful, the price can rise to $153.

Conversely, if the price continues to fall and breaks below $110, it indicates that the bears are still in control of the market. At that time, the price may continue to fall towards the support zone at $95.

DOGE Technical Analysis

Dogecoin is (DOGE) slowly sliding towards the critical support at $0.14, which is expected to attract buying back.

! date-17-4-phan-analysisDaily DOGE/USDT Chart | Source: TradingviewThe positive divergence appearing on the RSI indicates that the downward momentum may be weakening. If the price rebounds from the current zone or from the $0.14 mark, the probability of a breakout of the 50-day SMA ($0.17) increases. The DOGE/USDT pair will complete a double bottom pattern if it breaks out of $0.21, thereby signaling that the downtrend may have ended.

Conversely, if the price breaks out and closes below $0.14, it will confirm the continuation of the downtrend, with the next target located at the strong support zone of $0.10.

ADA Technical Analysis

Cardano (ADA) turned down from the 20-day EMA ($0.64) on April 13, suggesting that bears are still taking advantage of rallies to sell.

! Daily ADA/USDT chart | Source: TradingviewThe bears will try to consolidate their positions by pulling the price below the $0.58 support zone. If successful, the ADA/USDT pair may continue to plunge to the important level at $0.50. Buying is expected to appear strong here, because if this mark is broken, the downtrend may continue to $0.40.

On the other hand, selling is likely to increase in the zone between the moving averages. If the price breaks out and closes above the 50-day SMA ($0.70), the door for a rally to $0.83 will be opened.

LEO Technical Analysis

Buying helped UNUS SED climb (LEO) break above the 20-day EMA ($9.39), a positive signal for the bulls.

! Daily LEO/USDT chart | Source: Tradingview Although there is a small resistance at the 50-day SMA ($9.58), this level is expected to be conquered. At that time, the LEO/USD pair may retest the strong overhead resistance zone at $9.90. If this hurdle is overcome, the ascending triangle pattern will be completed, opening up upside potential towards the $12.04 target.

On the other hand, the bears will need to pull the price down and sustain below the $9.24 mark to regain the initiative. If successful, a correction can take the price back to $8.79.

LINK Technical Analysis

Buyers are struggling to get Chainlink (LINK) above the 20-day EMA ($12.81), but maintain some buying pressure.

! Daily LINK/USDT chart | Source: Tradingview Currently, there is a minor support zone at $11.68. However, if this zone is penetrated, the LINK/USDT pair may fall deep towards the support line of the bearish channel pattern. Buying is expected here, but if the bears prevail, the price may continue to drop to $8.

To create a clear recovery, bulls need to push the price above the moving averages. At that point, the pair can rally to $16 and then approach the resistance line. A breakout and close above the downward channel will be an important signal for a possible trend reversal.

AMAX Technical Analysis

Avalanche’s inability (AVAX) break through the downtrend line may have caused short-term traders to take profits.

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The bears are currently attempting to pull the AVAX/USDT price below the 20-day EMA ($18.98). If they succeed, the price can fall deeply towards the $15.27 support zone. This is an area that is expected to have strong buying, because if this level is breached, the downtrend may continue to $14 and then to $12.

The first signal indicating a recovery will be a breakout of the price and a close above the downtrend line. At that time, the prospect for an increase to the $23.50 zone will be opened. If it continues to break through this zone, the pair will complete a double bottom pattern with a target at $31.73.

You can see the coin price here.

Disclaimer:** The article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.*

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