Bitcoin will have to hold the 20-day EMA to increase the likelihood of a rally to $32,000.
) tried to break out of the tight range trading on April 26 but failed. The bulls are again trying to resolve the uncertainty in their favor on April 28.If the price rises above the immediate resistance at $23.18, it will signal that the bulls have absorbed the supply. The SOL/USDT pair will then attempt a rally toward the stiff overhead resistance at $27.12, which remains the key level for the bulls to overcome. If they do that, the pair can start a new up-move and soar to $39.
If bears want to prevent the rally, they will have to quickly tug the price below the $18.70 support. That can sink the pair to the next support at $15.28.The bears successfully defended the moving averages on April 26 but could not sustain the drop below the support at $5.70. This indicates that Polkadot is finding buyers at lower levels.The DOT/USDT pair can swing between $5.70 and the 50-day SMA for some time.
Alternatively, if buyers drive the price above the 50-day SMA, it will suggest that the bulls are on a comeback. The pair may first climb to $7 and if this resistance is scaled, the rally could stretch to $7.90.
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