April was a month of volatility due to Bitcoin [BTC] and Ethereum [ETH]Price fluctuations. Most of the altcoins reflected the dominant trend in the market, the hard forks of bitcoin, bitcoin cash [BCH] and Bitcoin SV [BSV] reflected the movements of the largest crypto.
Bitcoin Cash [BCH]
Source: BCHUSD on TradingView
The above table from Bitcoin Cash [BCH] showed that after the decline registered by the coin over the weekend, the asset fell again. However, this decline was due to the correction visible across the crypto market. A shift in volatility added value and is currently trading at $ 821.
The sudden spike pulled BCH out of a bearish market and put it on a bullish path. As market volatility increased, the signal line moved under the candlesticks, indicating the uptrend that has also brought BCH close to the overbought zone. The relative strength index highlighted this when its value hit 64.
Bullish BCH price moved to next resistance at $ 848.
Bitcoin SV [BSV]
Source: BSVUSD on TradingView
The Bitcoin SV market more or less showed a similar trend in the BCH market. The altcoin rejected the resistance at USD 253 and went down below the support at USD 230. That nearly $ 20 plunge was reversed when the BTC price spiked.
At press time, BSV was trading at $ 253, which was also a strong resistance. Although BSV has faced high buying pressure, sellers in the market could enter the market with similar enthusiasm. The relative strength index indicated this change in trend as its value fell from 65 to 58. Despite a trend reversal, the momentum on the BSV market remained high.
Binance coin [BNB]
Source: BNBUSD on TradingView
Binance’s Binance coin [BNB] has seen tremendous growth since last year. Despite the recent declines, the BNB marched at a higher price of $ 538, it was noted at press time. It held strong support at $ 521.51 and has traded above that level since rising.
The asset tried to create stability when it hit the overbought zone and reversed. With increasing selling pressure, BNB traders could manage to keep their value above the support.
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