Price analysis 4/21: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
The US Dollar Index (DXY) fell below 98, reaching a three-year low, which boosted gold to an all-time high and Bitcoin (BTC) above $88,000. Arthur Hayes predicts Bitcoin may soon surpass $100,000, supported by potential US Treasury buybacks. Accumulation by large Bitcoin holders increased from 2,037 to 2,107 wallets in March and April. The S&P 500 Index (SPX) faces critical support at 5,119; a drop below could lead to a decline to 4,950. The US Dollar Index remains in a downtrend, with potential support at 97.50. Bitcoin's resistance is at the 200-day SMA ($88,238), with support at the 20-day EMA ($84,176). Ether (ETH) is attempting a rally above the 20-day EMA ($1,659), facing resistance at $1,754. XRP has risen above the 20-day EMA ($2.09) but faces resistance at $2.21. BNB broke its downtrend line, aiming for $645. Solana (SOL) is approaching resistance at $148-$153. Dogecoin (DOGE) is stabilizing around $0.16, with key support at $0.14. Cardano (ADA) aims for resistance at $0.69, while Chainlink (LINK) is testing the 50-day SMA ($13.63).
