Crypto Price Analysis Apr-17: ETH, XRP, ADA, BNB, and HYPE

The current resistance is at $0.28, and buyers have not tested this level in over a month. That shows weakness, especially because the price has also been making lower highs.

Looking ahead, Cardano needs to break away from its current downtrend and begin a reversal if it wants to escape lower price levels in the future. That starts with a clear break above $0.28.

Source: TradingView

Binance Coin (BNB)

BNB closed the week 5% higher after buyers finally pushed the price away from the key $580 support. At the time of this post, the price is around $630 and is aiming for the $690 resistance level.

While bulls seem to have the upper hand on price right now, buy volume has been rather flat, with no sustained increase. This is less than ideal if BNB wants to break the current resistance.

Looking ahead, Binance Coin may end up in a flat range if the volume does not pick up. That means the price could be stuck between $580 and $690 for quite a while longer if neither buyers nor sellers show conviction to push the price beyond its current limits.

Source: TradingView

Hype (HYPE)

HYPE closed the week 7% higher, but appears to be struggling in its bullish momentum since sellers are becoming more aggressive after the price moved above $40. Every push higher is now quickly met by sellers.

It seems there is tough resistance around $45, and until it is cleared, buyers will struggle to make and sustain new highs. Another concerning aspect is the fact that the price has formed a large bearish wedge since January.

Looking ahead, this cryptocurrency needs to break above this wedge if it wants to reinforce the current rally and aim for $50. Any weakness here could be a major opportunity for sellers to return in force and send HYPE lower towards its key support levels at $35 and $30.

Source: TradingView