BTC, ETH and TRX Price Analysis for April 24

BTC, ETH and TRX Price Analysis for April 24
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Denys Serhiichuk

Can the coins from the top 10 list bounce off after a sharp drop?

The market continues under a bearish influence as most of the coins are located in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The crucial data for Bitcoin (BTC), Ethereum (ETH) and TRX:



Market Cap


Volume (24h)

Change (24h)



$928,102,924,023 $49,593.18 $56,104,236,714 -0.47%



$257,285,635,295 $2,223.81 $35,490,326,473 -2.48%



$7,736,620,764 $0.1083 $4,322,828,462 5.61%


Bitcoin (BTC) could not fix above the $50,000 mark, going down by 0.47% over the last day.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Analyzing the daily chart, bulls are weak at the level of $48,500, which means that the decline might continue.

In this case, there are high chances of seeing a test of another vital support at $45,000 soon.

Bitcoin is trading at $49,600 at press time.


Ethereum (ETH) is the biggest loser today as the rate of the main altcoin has decreased by 2.48%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) is about the follow the drop of Bitcoin (BTC). Even though the selling trading volume is low, traders might see ETH trading around the level of the MA 50, around $1,980, at press time.


TRX is the only coin from our list trading in the green zone. It has grown 5.61% since yesterday.

TRX/USD chart by TradingView
TRX/USD chart by TradingView

From the technical point of view, TRX has successfully bounced off the MA 50 on the daily chart, having confirmed the bulls’ power. As the more likely scenario, the coin might test the firmed mirror level where most of the liquidity is focused. The zone is located at the mark of $0.12.

TRX is trading at $0.1069 at press time.

editorial staff