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ETH/BTC remains under major moving averages, with resistance between 0.05–0.06 BTC, a breakout above may signal a solid reversal of the trend. A bullish divergence on the weekly chart indicates declining bearish momentum, with both RSI and Stochastic RSI flashing signs of possible price reversal. ETH/BTC is testing a major historical low, with substantial trading volume implying a fierce battle between sellers and buyers.
The TD Sequence signal has registered a buying signal, and there may be a bull cycle if XRP tests significant resistance levels. XRP trades within a downtrending channel, with a probable breakout above $2.80–$3.00, possibly pushing prices up towards $3.50–$4. The MACD signals the start of a bull crossover, and the Stochastic RSI signals a short-term correction before a rally.
Bitcoin’s price hovers near $95,582, facing risks of decline if it drops below key support levels around $95,000. A breakout above $98,000 could drive Bitcoin toward $100,000, with long-term bullish trends still intact. Bitcoin’s momentum shows signs of reversal, potentially leading to upward movement if key resistance levels break.
Helium (HNT) tests a critical $3.00 support, with traders awaiting a possible reversal or protracted bearish momentum. The RSI of 38.01 signals a bullish divergence, and the constricting Bollinger Bands suggest a probable breakout in either way. A breakout above $3.80–$4.00 can solidify bullish momentum, and a drop below $3.00 can take HNT down towards $2.50, even lower.
Bitcoin is forming a declining wedge pattern, with resistance points of $100K and targets of $110K and $120K. Market indicators, including MACD and RSI, are suggesting consolidation, with a volume-driven breakout and on the lookout for bull signals. A bearish breakdown of $93K may take Bitcoin down towards $85K–$87K, and holding on may result in a steep upswing.
Quick Take Trump’s crypto-friendly pick Howard Lutnick was confirmed by the Senate as new Secretary of Commerce. Lutnick has been leading financial services firm Cantor Fitzgerald, which has been a custodian for Tether.
- 09:30Merlin Chain Launchpad Platform MerlinStarter Upgrades to Star AI, Focusing on AI Virtual Human Incubation and Asset IssuanceAccording to ChainCatcher, the Merlin Chain Launchpad platform MerlinStarter has officially upgraded to Star AI, becoming a global leader in AI virtual human incubation and asset issuance. Star AI deeply integrates AI with Web3, dedicated to promoting the creation, trading, and assetization of virtual human IPs, ushering in a new era of AI asset economy. Previously, MerlinStarter received investments from 20 institutions, including Amber Group, Arkstream Capital, and Cogitent Ventures. Its first two IDO rounds raised a total of over 900 million, breaking the IDO records for the first and second highest fundraising amounts in history. The platform has over 1 million Merlin Chain addresses interacting with it.
- 09:24AI Concept Meme Tokens Rise in General, ZEREBRO Up Over 26% in 24 HoursOn April 28th, according to GMGN data, AI concept Meme tokens have generally risen, among which: ZEREBRO rose 26.55% in the last 24 hours, with a market cap now at $73.6 million; ai16z rose 21.24% in the last 24 hours, with a market cap now at $316 million; VIRTUAL rose 16.54% in the last 24 hours, with a market cap now at $636 million; ARC rose 14.54% in the last 24 hours, with a market cap now at $69.9 million; AVA rose 13.17% in the last 24 hours, with a market cap now at $53 million.
- 09:13Analyst: Bitcoin's Correlation with Gold Reaches 0.7April 28 news, CoinDesk analyst James Van Straten stated that as of now, Bitcoin has dropped approximately 1.5% since December 31 last year, positioning its performance between the 24% rise of gold and the over 7% decline of the Nasdaq 100 index. Therefore, the notion of positioning Bitcoin as either a leveraged tech stock or digital gold slightly leans towards the digital gold perspective, but just barely. By analyzing the 30-day moving average correlation coefficient of Bitcoin, it currently shows a strong correlation with gold at 0.70, while exhibiting a weaker correlation with the Nasdaq 100 index at 0.53. This indicates that Bitcoin's performance is more akin to the trend of gold, rather than that of tech stocks.