Market analysis in the cryptocurrency space on April 28, 2025
1: Market trend
BTC adjustment, altcoins generally decline. In the past week, the cryptocurrency market saw a net inflow of $9 billion.
U.S. stocks fluctuate and rebound.
2. Market hot spots
bn will sign eth on the platform for decentralized electronic protocol signing, which can be used for notarization, and is a national plan invested by bn labs.
The public chain Sui has a large unlock of $270 million this week. The Sui ecosystem project WAL has reached a new high; WAL is permanent storage. bn alpha will airdrop Haedal, a staking protocol on Sui.
Meme's house is soaring, with a market cap close to $100 million. Whales like Ansem and Him are buying in large quantities. This round of on-chain AI coins generally underperform against conspiracy group coins.
Tokens like SUI, OMNI, OP will see large unlocks next week;
The US SEC's cryptocurrency reforms face new political pressure due to its relationship with Trump.
Today's mainstream coin trend analysis:
#BTC Bitcoin fell below the middle track and plunged to the lower track in 4 hours, currently fluctuating widely in the range of $92,000-$96,000, with intraday reference support and resistance fluctuating by 500 points.
#ETH near $1800 sees fierce competition between bulls and bears, similarly following Bitcoin's fluctuating trend, structurally positioned above $1750, so current support is around $1750, with resistance in the $1830-$1850 range.
The market changes rapidly; specific situations should be based on actual market conditions, and remember to manage risks well!
With Bitcoin's strong rebound, will these 4 coins soar along with it?
The cryptocurrency market has become lively again recently, with BTC accumulating a rise of up to 10% since last Sunday (4/20). As the new week begins, its technical indicators still maintain a bullish trend, and market interest in it continues to heat up.
Bitcoin's significant surge is likely influenced by the massive inflow of funds into the US Bitcoin spot ETF. Data shows that net inflows into ETFs reached $3.06 billion last week, setting a record for the second highest in history.
Sina, co-founder of 21 Capital, predicts that by the end of 2025, Bitcoin's price will be between $130,000 and $163,000. Meanwhile, anonymous Bitcoin analyst apsk32 is more optimistic, believing that Bitcoin's price will exceed $200,000 in the fourth quarter of this year. Currently, the main support level for Bitcoin on the daily chart is the 20-day exponential moving average EMA ($88,619), and if this week’s close can break above $95,000, the $100,000 milestone may be challenged.
With Bitcoin performing so well, people naturally wonder which altcoins #Altcoin can perform outstandingly in this rebound. Today, I will share four altcoins that I personally find promising, along with an analysis of their short-term support and resistance levels (but I must remind everyone that these analyses are for reference only and should not be taken as investment advice).
1: Sui ($SUI)
$Sui has long faced resistance around $3.90, but the pullback has been small, indicating that the bulls are not in a hurry to sell their holdings. If $SUI can maintain above the Fibonacci 38.2% retracement level ($3.14) this week, the bulls will once again challenge $3.90. Once they break through successfully, the price may soar to $4.25 and then march towards the $5 milestone.
However, if #SUI falls below $3.14 this week, it may undergo a deep retracement to the Fibonacci 50% retracement level ($2.94). However, bulls are expected to defend fiercely in the area between $2.94 and the 20-day EMA ($2.69).
2: Avalanche ($AVAX)
$AVAX has recently been fluctuating between $23.50 and $15.27. In such range-bound markets, traders typically buy near support levels and sell near resistance levels.
From the daily chart, although the bulls have not yet pushed the price above $23.50, they have not given the bears much space, increasing the likelihood of breaking through $23.50. If successful, a double bottom pattern will form on the daily chart, with a target price of $31.73.
However, if #AVAX declines and falls below the 20-day and 50-day moving averages on the daily chart, the short-term bullish view will be invalidated, and it may continue to hover in the range of $23.50 to $15.27.
3: Trump Coin ($TRUMP)
$TRUMP broke through the resistance level of $12.45 on April 23 and successfully supported the retest of the breakout level on April 24.
From the daily chart, Trump Coin once rose over $16, attracting sellers, but the pullback was small, with buying interest present during each minor drop. If the bulls can push the price above $16 this week, it may further challenge $17.69, and bears are expected to build a strong defense there. If the bulls can break through strongly, the price may soar to $19.60, and then reach $22.40.
However, if #TRUMP experiences a deeper pullback this week, it suggests that the bulls are taking profits. It is expected that the area between $11.56 and $12.45 will become a strong support level. If it can rebound from the support area, $TRUMP may fluctuate between $11.56 and $16 for a while, but if it further breaks below the 20-day EMA ($10.73), it may accelerate selling.
4: Bittensor ($TAO)
$TAO broke and closed above the downtrend line on April 20, indicating that bears are losing control of the situation.
From the daily chart, $TAO encounters resistance at $375, but it is expected to find support at the 20-day EMA ($298).
If it can rebound strongly from the 20-day EMA, it indicates that market sentiment has shifted from selling on the rise to buying on the dip, and then the bulls will attempt to break through the resistance level of $375. If successful, the next target may reach $495. However, if #TAO falls below the downtrend line, it signifies that the market has rejected this breakout, and it may fall to $222.
Conclusion
The cryptocurrency market is rapidly changing; Bitcoin's rebound is indeed attractive, and these 4 altcoins each have their opportunities and challenges. However, investing carries risks, so everyone should be cautious and make rational decisions. I hope everyone can find their suitable investment methods in the market and earn satisfactory returns!