ADA & AXS may start a strong recovery in the next few days if BTC holds the $45,000 level as support.
BTC
The long wick on Bitcoin’s 25th candlestick shows that the bears are defending the overhead resistance at $45,400. A minor positive is that the bulls have not given up much ground, suggesting that the traders are not closing their positions in haste.
The 20-day EMA of $42,025 has turned up and the RSI is in the positive territory, indicating that bulls are in command. If buyers drive the price above $45,400, BTC could rise to the resistance line of the ascending channel.
ADA
ADA has been sustaining above the critical level at $1.00 for the past few days. This indicates that bulls who may have purchased at lower levels are not booking profits aggressively as they expect the recovery to continue. The moving averages have completed a bullish crossover and the RSI is in the positive zone, indicating that bulls have the upper hand. If buyers push and sustain the price above $1.26, the bullish momentum may pick up.
AXS
AXS has been trading between $72 and $44 for the past few days. The buyers pushed the price above the overhead resistance on March 25 but could not sustain the higher levels. This indicates that the bears are defending the level with force.
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