Price predictions 4/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

Mon, 28 Apr 2025 18:35:00 +0000
Markets

*Key points:*

· Bitcoin continues to face resistance at $95,000, but the possibility of an upside breakout remains high.

· Solid spot Bitcoin ETF inflows do not always signal a short-term top.

· Select altcoins are showing early signs of a short-term trend change.

Bitcoin (BTC) pierced the $95,000 resistance on April 28, but the bulls are struggling to sustain the higher levels. This suggests that the bears have not given up and are trying to defend the level. A minor positive in favor of the bulls is that they have not ceded much ground to the bears. That improves the prospects of a move toward $100,000.

Another positive is that institutional demand seems to be back, as seen from the solid $3.06 billion in net inflows into US spot Bitcoin exchange-traded funds last week. Although some instances of high spot Bitcoin ETF inflows have led to short-term price tops, that has not always been the case. Hence, the high Bitcoin ETF inflows alone cannot be considered a reason to turn negative.

Crypto market data daily view. Source: Coin360

Hedge fund founder Dan Tapiero said in a post on X that the Federal Reserve is unlikely to ignore the macro data signaling a rapid slowdown ahead. He expects increasing market liquidity to catapult Bitcoin to $180,000 before the summer of 2026.

What are the essential levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

*S&P 500 Index price prediction*

The S&P 500 Index (SPX) made a strong comeback last week and rose above the 20-day exponential moving average (5,415).

SPX daily chart. Source: Cointelegraph/TradingView

The index could reach the 50-day simple moving average (5,623), which is likely to act as a minor hurdle. If buyers overcome it, the recovery could extend to 5,800. Sellers are expected to mount a strong defense at the 5,800 level.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly pull the price back below the 20-day EMA. If they do that, the index could descend to 5,300 and then to 5,119.

*US Dollar Index price prediction*

The US Dollar Index (DXY) plunged below the 99 level on April 21, but the bears could not maintain the lower levels.

DXY daily chart. Source: Cointelegraph/TradingView

However, a minor positive in favor of the bears is that they have not allowed the price to rise above the 100.27 overhead resistance. That suggests demand dries up at higher levels. The downsloping moving averages and the relative strength index (RSI) in the negative zone indicate that the bears have an edge. If the price skids below 99, the index may retest the 97.92 level.

The bulls will have to push and maintain the price above the 20-day EMA (100.76) to indicate that the selling pressure is reducing. The index may then surge toward the 50-day SMA (103.43).

*Bitcoin price prediction*

Bitcoin continues to face stiff resistance at $95,000, but the tight consolidation near the crucial level increases the likelihood of a break above it.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($89,093) and the RSI near the overbought zone indicate that the bulls are in control. A close above $95,000 could open the gates for a rally to $100,000. Sellers are expected to vigorously defend the $100,000 level, but on the way down, buyers will try to arrest the decline at $95,000.

This optimistic view will be invalidated in the near term if the price turns down and plunges below the 20-day EMA. That could sink the BTC/USDT pair to the 50-day SMA ($85,085).

*Ether price prediction*

Ether (ETH) closed above the 50-day SMA ($1,792) on April 26, but the bulls could not maintain the momentum.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($1,719) is the vital support to watch out for on the downside. If the price bounces off the 20-day EMA with strength, the bulls will try to push the ETH/USDT pair toward the breakdown level of $2,111. Sellers are expected to defend the $2,111 level with all their might because a break above it may catapult the pair to $2,550.

On the downside, a break and close below the 20-day EMA suggests that the bears remain in control. The ETH/USDT pair may then descend to $1,537.

*XRP price prediction*

XRP (XRP) turned up from the 20-day EMA ($2.15) on April 27, signaling a positive sentiment.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The XRP/USDT pair could reach the resistance line, which is a crucial level to watch out for. A break and close above the resistance line indicates a potential trend change. The pair could then rally to $3.

On the contrary, if the price turns down sharply from the resistance line and breaks below the moving averages, it suggests that the bears are aggressively defending the level. That could keep the pair stuck between the resistance line and $2 for a few more days.

*BNB price prediction*

Buyers have managed to keep BNB (BNB) above the moving averages but are struggling to start a strong rebound.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($597) and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. Buyers will have to push the price above $620 to gain the upper hand. That could open the doors for a rally to $644 and subsequently to $680.

Alternatively, a break and close below the moving averages will strengthen the bears. The BNB/USDT pair may drop to $576 and then to $566, where the buyers are expected to step in.

*Solana price prediction*

Solana (SOL) is facing resistance in the $148 to $153 zone, but a positive sign is that the bulls have not given up much ground.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($139) and the RSI in the positive territory indicate the path of least resistance is to the upside. A break and close above $153 clears the path for a rally to $180.

Sellers will have to pull the price below the 20-day EMA to weaken the bullish momentum. The SOL/USDT pair may then slump to the 50-day SMA ($130), suggesting a range formation in the near term.

*Related: **Bitcoin could hit $210K in 2025, says Presto research head*

*Dogecoin price prediction*

Dogecoin (DOGE) has dropped to the moving averages, signaling that the range-bound action may continue for a while.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If the price rebounds off the moving averages with strength, the bulls will attempt to kick the DOGE/USDT pair above the $0.21 resistance. If they can pull it off, the pair will complete a double-bottom pattern, which has a target objective of $0.28.

Instead, if the price turns down from $0.21, it suggests that the pair may extend its stay inside the range. The bears will gain the upper hand if they sink the price below the $0.14 support.

*Cardano price prediction*

Cardano (ADA) has remained above the moving averages, indicating that the bulls are buying the dips.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The moving averages are about to complete a bullish crossover, and the RSI is in the positive zone, indicating a slight advantage for the bulls. There is minor resistance at $0.75, but if the level is crossed, the ADA/USDT pair could surge to $0.83.

The first sign of weakness will be a break and close below the moving averages. That suggests the bears remain sellers on rallies. The pair could then drop to $0.58, which is likely to act as support.

*Sui price prediction*

Sui (SUI) has been trading just below the $3.90 resistance, indicating that the bulls have kept up the pressure.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

That increases the likelihood of a rally above the overhead resistance. If that happens, the SUI/USDT pair could start the next leg of the uptrend to $4.25 and later to $5.

Contrary to this assumption, if the price turns down from the overhead resistance and breaks below $3.35, it signals that the bulls are booking profits. That could pull the price to the 38.2% Fibonacci retracement level of $3.14 and then to the 20-day EMA ($2.77), which is likely to attract buyers.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.