Bitcoin, Dogecoin & Cardano — Asian Wrap 11 Apr

Bitcoin price has been trading devoid of its volatility for the past three days. This development occurs above a crucial support level, which indicates that a breakout will lead to a bullish move. Bitcoin price crashed nearly 12% since its March 28 swing high at $48,238

 

Dogecoin price seems to be favoring the bulls as lost gains this week are in recovery mode. A continuation of this trend is likely to kick-start the exponential run-up for DOGE. A weekly candlestick close below $0.11 will invalidate the bullish thesis for DOGE.

 

Cardano price shows promise of an uptrend to $1.26 but its path is sprinkled with significant hurdles. A decisive daily candlestick close above $1.35 could trigger a move to $1.60. A daily candlestick close below $1 will invalidate the bullish thesis for ADA.

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