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Price predictions 4/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

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Key points:

Bitcoin price pushed above $95,000, increasing the chance of a rally to $100,000.

Institutional investor demand is back, suggesting that the bearish trend could be over.

Select altcoins could break above their respective overhead resistance levels if Bitcoin remains strong

Bitcoin (BTC) bulls are trying to sustain the price above $95,000, but they are likely to face significant resistance from the bears. Will buyers succeed in pushing the price toward the psychologically important level of $100,000, or is a pullback around the corner? That is the big question on the traders’ minds.

A positive sign is that inflows for US spot Bitcoin exchange-traded funds have increased since April 21, per Farside Investors data. Coinbase Institutional head of strategy John D’Agostino said in a recent interview with CNBC that several institutions purchased Bitcoin in April to hedge against currency inflation and macro uncertainty as Bitcoin mirrors “the characteristics of gold.

Crypto market data daily view. Source: Coin360

However, some analysts doubt the sustainability of the current Bitcoin rally. One of the red flags is that the sentiment, as measured by the Crypto Fear & Greed Index, slipped from a score of 72 out of 100 on April 23 to 60 on April 25, though Bitcoin is trading close to $95,000. Select analysts expect Bitcoin to pullback toward $87,000

Could Bitcoin sustain above $95,000, triggering buying in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin has been trading near the $95,000 level, suggesting that the bulls are holding on to their positions as they anticipate a move higher.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day exponential moving average ($87,437) is sloping up, and the relative strength index (RSI) is near the overbought zone, signaling that the bulls are in command. A close above $95,000 could drive the BTC/USDT pair to $100,000. 

Sellers will try to halt the up move at $100,000, but if the bulls do not allow the price to dip below $95,000, the prospects of a break above the overhead resistance increase. The pair may then climb to $107,000. The bears will have to yank the price below the moving averages to regain control.

Ether price prediction

Ether’s (ETH) relief rally is facing resistance at the 50-day SMA ($1,812), but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($1,696).

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA is flattish, but the RSI has jumped into the positive zone, signaling a slight advantage to the bulls. If the 50-day SMA is scaled, the ETH/USDT pair could reach the breakdown level of $2,111. The bears may pose a strong challenge at $2,111, but if the bulls overcome it, the pair could skyrocket to $2,550.

Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA. If they can pull it off, the pair could tumble toward $1,537.

XRP price prediction

XRP (XRP) has been trading near the 50-day SMA ($2.18) for the past two days, indicating that the bears are fiercely defending the level.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

A minor positive for the bulls is that they have not allowed the price to skid below the 20-day EMA ($2.13). The bulls will again try to propel the XRP/USDT pair to the resistance line, which is a critical level to watch out for. The pair could rally to $3 if buyers pierce the resistance line.

On the downside, a break and close below the 20-day EMA suggests that the bears remain in charge. The downside momentum could pick up on a break below $2. The pair may then plummet to $1.60.

BNB price prediction

BNB (BNB) turned down from $620 but is taking support at the moving averages. This suggests a change in sentiment from selling on rallies to buying on dips.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will try to push the price above $620. If they manage to do that, the BNB/USDT pair may rally to $644. Sellers will try to stall the up move at the $644 level, but if the bulls prevail, the pair could soar to $680.

This bullish view will be invalidated in the near term if the price turns down and breaks below the moving averages. That could sink the pair to $566, indicating that the markets have rejected the breakout above the downtrend line.

Solana price prediction

Solana (SOL) is struggling to stay above the $153 level, indicating that the bears are active at higher levels.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($136) and the RSI in the positive zone indicate that the bulls are in control. If buyers push and maintain the price above $153, the SOL/USDT pair could jump to $180.

The moving averages are the crucial support on the downside. A break and close below the 50-day SMA ($129) suggests that the pair could consolidate between $153 and $110 for a few days.

Dogecoin price prediction

Dogecoin (DOGE) bounced off the 20-day EMA ($0.16) on April 24, indicating that the bulls are buying on dips.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The DOGE/USDT pair could reach $0.21, which is a crucial resistance to watch out for. If buyers pierce the $0.21 level, the pair will complete a double-bottom pattern. This bullish setup has a target objective of $0.28.

Contrarily, if the price turns down and breaks below the moving averages, the pair may remain range-bound between $0.21 and $0.14 for a while. The advantage will tilt in favor of the bears on a break below the $0.14 support.

Cardano price prediction

Cardano (ADA) closed above the 50-day SMA ($0.68) on April 23, signaling that the bears are losing their grip.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.65) has started to turn up, and the RSI is in the positive zone, suggesting that the path of least resistance is to the upside. The ADA/USDT pair could rally to $0.83, where the bears may step in.

Any pullback is expected to find support at the 20-day EMA. If the price rebounds off the 20-day EMA, it signals a bullish sentiment. Sellers will have to drag the price below the 20-day EMA to sink the pair to $0.58.

Related: SUI’s 73% weekly price gains top crypto market — New price record in reach?

Sui price prediction

Sui (SUI) picked up momentum after buyers pushed the price above the moving averages on April 22.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

The rally of the past few days has pushed the RSI into the overbought territory, suggesting a minor consolidation or correction in the next few days. Any pullback is expected to find support in the zone between the 38.2% Fibonacci retracement level of $3.14 and the 50% retracement of $2.94.

A shallow pullback increases the possibility of a rally to $4.25 and then to $5. Sellers will be back in the driver’s seat if they pull the SUI/USDT pair below $2.86.

Chainlink price prediction

Chainlink (LINK) has started a recovery, which is expected to face strong selling at the overhead resistance of $16.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns down from $16, it is expected to find support at the 20-day EMA ($13.53). A solid bounce off the 20-day EMA increases the likelihood of a break above $16. The LINK/USDT pair may then climb to the resistance line of the descending channel pattern. A break above the channel signals a potential trend change.

Sellers will have to tug the price below the moving averages to regain control. The pair may then drop to $11.89 and eventually to the support line.

Avalanche price prediction

Avalanche (AVAX) is facing resistance at the overhead resistance of $23.50, but a positive sign is that the bulls have not ceded much ground to the bears.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($20.22) has started to turn up, and the RSI is in the positive territory, indicating that buyers have the edge. If the price breaks and closes above $23.50, the AVAX/USDT pair will complete a double-bottom pattern. That could open the doors for a rally to the pattern target of $31.73.

Alternatively, if the price turns down and breaks below the moving averages, the pair could remain stuck inside the $23.50 to $15.27 range for a few days.

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.

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Coinbase drops 7% on customer breach, SEC probe into user numbers

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Coinbase stock dipped after news broke of a cyberattack that exposed customer data and an ongoing Securities and Exchange Commission investigation over misstated user numbers in 2021.

The double whammy of bad news rattled investors as company stock (COIN) slid 7% in a fall to $244 in after-hours trading on May 15, according to Google Finance.  

Coinbase stock 24 hours. Source: Google Finance 

Coinbase has since confirmed the report from The New York Times, which stated the SEC has been investigating whether Coinbase misstated its user numbers in past disclosures, an inquiry that began during the Biden administration and has continued under the Trump administration.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public,” confirmed Coinbase chief legal officer Paul Grewal to Cointelegraph. 

“We also disclosed – and continue to disclose – the more relevant metric of ‘monthly transacting users’ – the number of people who use our platform in a given month,” he said before adding: 

“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.” 

The regulator took specific umbrage at Coinbase’s claim of “100+ million verified users” that appeared in its marketing and IPO documentation in 2021. However, the exchange stopped reporting this metric in 2022.

In its 2022 financial statement, the firm stated it would stop reporting the metric as it no longer believed it provided meaningful information to its business performance. Source: SEC

The probe has continued despite the SEC dropping its 2023 enforcement lawsuit against Coinbase under the Trump administration. 

Coinbase has hired law firm Davis Polk & Wardwell to assist with its response to the SEC.

Coinbase refuses to pay ransom

On May 15, Coinbase reported that it was attacked with a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data.

“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” the firm stated. 

Related: Coinbase to become the first crypto firm to join the S&P 500

Coinbase refused to pay the ransom but said it would reimburse victims of phishing attacks as a result of the data breach, with expected remediation and reimbursement expenses ranging from $180 million to $400 million.

Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets

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Grok 'white genocide' rant due to unauthorized prompt change: xAI

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Elon Musk’s artificial intelligence firm xAI has blamed an “unauthorized modification” to the Grok chatbot’s response, causing it to generate responses mentioning political and racial tensions in South Africa. 

On May 16, xAI provided an update on the Grok AI chatbot’s inflammatory responses, stating that on May 14, “an unauthorized modification was made to the Grok response bot’s prompt on X.”

“This change, which directed Grok to provide a specific response on a political topic, violated xAI’s internal policies and core values,” it added.

The firm stated that it had conducted a thorough investigation and is implementing measures to enhance the AI chatbot’s transparency and reliability.

Grok generated responses on May 14, mentioning a “white genocide” conspiracy theory in South Africa when answering completely unrelated questions about topics like baseball, enterprise software, and construction. 

The AI bot claimed it was “instructed by my creators” to accept this genocide as “real and racially motivated,” according to reports. 

In some responses, it acknowledged the mistake, saying “my response veered off-topic” and “I’ll work on staying relevant,” but it would often continue discussing South Africa’s racial politics in the same message.

The chatbot told one user asking what happened:

“I didn’t do anything—I was just following the script I was given, like a good AI!”Grok responds to questions about its responses. Source: Grok 

Related: xAI engineer quits after post on Grok 3 AI ranking

This incident coincides with US President Trump granting asylum to white South Africans while he claimed they face “genocide” and that “white farmers are being brutally killed,” though no evidence supported these claims.

More transparency for Musk’s AI

Elon Musk’s AI firm stated that it would change its operations by publishing Grok system prompts openly on GitHub. “The public will be able to review them and give feedback on every prompt change that we make to Grok,” it stated. 

It also stated that xAl’s existing code review process for prompt changes was circumvented in this incident, and it will put in place “additional checks and measures to ensure that xAI employees can’t modify the prompt without review.”

Finally, the firm is putting in place a 24/7 monitoring team to respond to incidents with Grok’s answers that are not caught by automated systems, so that it can respond quicker. 

Magazine: Crypto AI tokens surge 34%, why ChatGPT is such a kiss-ass: AI Eye

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AI scammers are now impersonating US government bigwigs, says FBI

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Deepfake-assisted hackers are now targeting US federal and state officials by masquerading as senior US officials in the latest brazen phishing campaign to steal sensitive data. 

The bad actors have been operating since April, using deepfake voice messages and text messages to masquerade as senior government officials and establish rapport with victims, the FBI said in a May 15 warning. 

“If you receive a message claiming to be from a senior US official, do not assume it is authentic,” the agency said.  

If US officials’ accounts are compromised, the scam could become far worse because hackers can then “target other government officials, or their associates and contacts, by using the trusted contact information they obtain,” the FBI said. 

As part of these scams, the FBI says the hackers are trying to access victims’ accounts through malicious links and directing them to hacker-controlled platforms or websites that steal sensitive data like passwords. 

Source: FBI

“Contact information acquired through social engineering schemes could also be used to impersonate contacts to elicit information or funds,” the agency added. 

Crypto founders targeted in separate deepfake attacks 

In an unrelated deepfake scam, Sandeep Narwal, co-founder of blockchain platform Polygon, raised the alarm in a May 13 X post that bad actors were also impersonating him with deepfakes. 

Nailwal said the “attack vector is horrifying” and had left him slightly shaken because several people had “called me on Telegram asking if I was on zoom call with them and am I asking them to install a script.” 

Source: Sandeep Narwal

As part of the scam, the bad actors hacked the Telegram of Polygon’s ventures lead, Shreyansh and pinged people asking to jump in a Zoom call that had a deepfake of Nailwal, Shreyansh and a third person, according to Nailwal. 

“The audio is disabled and since your voice is not working, the scammer asks you to install some SDK, if you install game over for you,” Nailwal said. 

“Other issue is, there is no way to complain this to Telegram and get their attention on this matter. I understand they can’t possibly take all these service calls but there should be a way to do it, maybe some sort of social way to call out a particular account.” 

At least one user replied in the comments saying the fraudsters had targeted them, while Web3 OG Dovey Wan said she had also been deepfaked in a similar scam. 

Source: Dovey Wan

FBI and crypto founder says vigilance is key to avoid scams 

Nailwal suggests the best way to avoid being duped by these types of scams is to never install anything during an online interaction initiated by another person and to keep a separate device specifically for accessing crypto wallets

Related: AI deepfake attacks will extend beyond videos and audio — Security firms

Meanwhile, the FBI says to verify the identity of anyone who contacts you, examine all sender addresses for mistakes or inconsistencies, and check all images and videos for distorted hands, feet or unrealistic facial features. 

At the same time, the agency recommends never sharing sensitive information with someone you have never met, clicking links from people you don’t know, and setting up two-factor or multifactor authentication. 

Magazine: Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express

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