Author: dfmines

The US Federal Reserve under Jerome Powell has developed a reputation for dragging its feet on implementing important policy changes. However, a top central banker has assured that the Fed is “absolutely” ready to do whatever it takes to avoid a financial crisis, whether triggered by the US-led trade war or other adverse developments.Although the long-awaited “Fed pivot” could still be months away, policymakers appear poised to gradually ease financial conditions, beginning last month when they reduced the redemption cap on Treasurys by 80%. Fed policy exerts a gravitational pull on global markets through US dollar liquidity, which has a direct impact on Bitcoin (BTC) and the broader cryptocurrency markets. In fact, the Fed’s impact on crypto has only grown since the COVID-19 pandemic. Since then, Bitcoin has been highly correlated with liquidity — a fact that was reinforced by a 2024 academic paper by Kingston University of London. This week’s Crypto Biz newsletter highlights remarks from a senior central bank official and covers major developments in the Ethereum exchange-traded fund (ETF) market and the Bitcoin mining sector.Fed’s Collins: Central bank will respond to liquidity constraints Boston Fed President Susan Collins said the central bank “would absolutely be prepared” to backstop markets if economic and financial conditions deteriorated rapidly. Collins was specifically referring to potential liquidity issues or other disruptions that could hinder normal market functioning.Currently, however, Collins noted that the central bank is “not seeing liquidity concerns.” Should that outlook shift, she emphasized that the Fed has “tools to address concerns about markets functioning or liquidity.”Collins is a voting member of this year’s Federal Open Market Committee (FOMC), which is responsible for setting interest rates. Investors expect the FOMC to refrain from cutting interest rates at its forthcoming meeting in May, based on Fed Fund Futures prices. However, the likelihood of a June rate cut has risen to 67.5%. Fed’s Collins pictured in an interview with Bloomberg. Source: Bloomberg TelevisionUS regulators approve options on spot ETH ETFsThe US Securities and Exchange Commission has green-lighted options trading for several spot Ether (ETH) exchange-traded funds, an important milestone in ETH’s quest to attract more institutional capital.According to an April 9 announcement, the approvals were granted to BlackRock’s iShares Ethereum Trust, Bitwise’s Ethereum ETF (ETHW), Fidelity’s Ethereum Fund (FETH), and Grayscale’s Ethereum Trust (ETHE) and Ethereum Mini Trust (ETH).Options give ETF investors the ability to hedge against a decline in assets, potentially making the funds more attractive to investors. The options trading approval is also seen as an important step in the SEC’s deliberations around staking services on ETH ETFs. According to Bloomberg analyst James Seyffart, the SEC may be on track to approve staking as early as May.Source: James SeyffartSolana staking ETFs come to CanadaAs the US SEC continues to deliberate about crypto staking services, Canadian regulators have approved another suite of crypto staking ETFs, this time for Solana (SOL).This week, asset managers 3iQ, Purpose, Evolve, and CI received approvals from the Ontario Securities Commission to offer staked Solana ETFs. The 3iQ fund selected blockchain infrastructure provider Figment as its primary staking provider. According to 3iQ’s website, its Solana Staking ETF will offer yields of between 6% and 8%.The Toronto-based 3iQ launched a spot Bitcoin (BTC) ETF in 2021, some three years before similar funds were approved in the United States.Bitdeer reportedly pivots to self-mining as trade war rattles supply chainBitcoin mining company Bitdeer is expanding its self-mining capacity and pouring more resources into the United States amid fears that the US-led trade war will rattle global supply chains and upend its hardware business. According to an April 15 report by Bloomberg, Bitdeer is prioritizing BTC mining due to declining demand for its mining rigs.As the broader industry grapples with the potential impact of tariffs, “Our plan going forward is to prioritize our own self-mining,” Bitdeer executive Jeff LaBerge told Bloomberg. On the topic of US expansion, LaBerge said, “This is something we’ve been planning for a long time.” US President Donald Trump’s sons, Eric and Don Jr, are going all-in on Bitcoin mining after backing a new venture with Hut 8. This follows a renewed commitment by the Trump administration to promote “made in America” Bitcoin.Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.

TRUMP tokenholders face steep losses as the first vesting unlock goes live on April 18, releasing 40 million tokens, worth roughly $309 million, into circulation at a 90% discount from its peak. The unlocked tokens account for 20% of the current circulating supply and could introduce fresh volatility as a previously illiquid portion of the supply hits the market. According to CoinGecko, the TRUMP token price has fluctuated between $7.46 and $7.83 in the past 24 hours. April 18 marks the first unlock event for the TRUMP token, with steady, smaller unlocks following from that date.TRUMP emission schedule. Source: GetTrumpMemesThe TRUMP token is down 89.5% from its all-time high of $73.43 recorded on Jan. 19, just two days after launching ahead of US President Donald Trump’s inauguration. The token’s value collapsed in the weeks following its debut, with over 800,000 wallets suffering a total of $2 billion in losses, according to estimates from blockchain analytics firm ChainalysisGains or losses are only realized upon sale, meaning holders won’t incur actual losses unless they choose to sell their tokens. According to the token’s website, the unlocked tokens will belong to the “Creators and CIC Digital LLC.” Related: Donald Trump’s memecoin generated $350M for creators: ReportWho owns the TRUMP token supply?According to the TRUMP token’s website, two organizations affiliated with Trump’s business umbrella own 80% of the token supply: CIC Digital LLC and Fight Fight Fight LLC. A report from MarketWatch notes that CIC Digital, an affiliate of The Trump Organization, was placed in a trust by the time of Trump’s 2024 financial disclosures to the US Federal Election Commission. CIC Digital had previously been linked to Trump’s non-fungible token collections.Related: What is TRUMP? Donald Trump’s billion-dollar memecoinFight Fight Fight LLC is another Trump-affiliated business. It is co-owned by CIC Digital and another company, Celebration Cards LLC, which was formed in Wyoming by Andrew Pierce. Fight Fight Fight LLC is synonymous with the Trump slogan “Fight Fight Fight,” which he shouted into a camera during an assassination attempt during a campaign rally.The April 18 unlock represents a “cliff” — a large, one-time release of tokens. While there are other cliff unlocks ahead, many tokens will be released at a steadier pace. For example, between April 19 and 21, around 493,000 tokens will unlock daily, according to DropsTab.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

TRUMP tokenholders face steep losses as the first vesting unlock goes live on April 18, releasing 40 million tokens, worth roughly $309 million, into circulation at a 90% discount from its peak. The unlocked tokens account for 20% of the current circulating supply and could introduce fresh volatility as a previously illiquid portion of the supply hits the market. According to CoinGecko, the TRUMP token price has fluctuated between $7.46 and $7.83 in the past 24 hours. April 18 marks the first unlock event for the TRUMP token, with steady, smaller unlocks following from that date.TRUMP emission schedule. Source: GetTrumpMemesThe TRUMP token is down 89.5% from its all-time high of $73.43 recorded on Jan. 19, just two days after launching ahead of US President Donald Trump’s inauguration. The token’s value collapsed in the weeks following its debut, with over 800,000 wallets suffering a total of $2 billion in losses, according to estimates from blockchain analytics firm ChainalysisGains or losses are only realized upon sale, meaning holders won’t incur actual losses unless they choose to sell their tokens. According to the token’s website, the unlocked tokens will belong to the “Creators and CIC Digital LLC.” Related: Donald Trump’s memecoin generated $350M for creators: ReportWho owns the TRUMP token supply?According to the TRUMP token’s website, two organizations affiliated with Trump’s business umbrella own 80% of the token supply: CIC Digital LLC and Fight Fight Fight LLC. A report from MarketWatch notes that CIC Digital, an affiliate of The Trump Organization, was placed in a trust by the time of Trump’s 2024 financial disclosures to the US Federal Election Commission. CIC Digital had previously been linked to Trump’s non-fungible token collections.Related: What is TRUMP? Donald Trump’s billion-dollar memecoinFight Fight Fight LLC is another Trump-affiliated business. It is co-owned by CIC Digital and another company, Celebration Cards LLC, which was formed in Wyoming by Andrew Pierce. Fight Fight Fight LLC is synonymous with the Trump slogan “Fight Fight Fight,” which he shouted into a camera during an assassination attempt during a campaign rally.The April 18 unlock represents a “cliff” — a large, one-time release of tokens. While there are other cliff unlocks ahead, many tokens will be released at a steadier pace. For example, between April 19 and 21, around 493,000 tokens will unlock daily, according to DropsTab.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Democratic Senator Elizabeth Warren of Massachusetts is once again alarmed by the Federal Reserve’s trajectory, and warned on CNBC that U.S. markets would “crash” if President Donald Trump were allowed to remove Chair Jerome Powell. Warren Warns U.S. Could Become ‘Two‑bit Dictatorship’ In an interview with CNBC, Sen. Warren expressed serious concerns over President Trump’s […]

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Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets.The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement.Both contracts feature 20x leverage and no expiry date, meaning they do not have to be rolled or settled by a deadline, unlike traditional futures contracts, which have an expiry date.Kraken’s move is the latest in a series of expansions from the company, as it seeks to blur the line between digital assets and traditional financial products — a trend reflected across the crypto industry.EUR-USD price action. Source: TradingViewRelated: Kraken secures restricted dealer registration in CanadaKraken sinks its tentacles into TradFi markets Kraken rolled out spot forex trading to clients worldwide except for the United States in March 2020.The launch gave crypto traders access to nine major currency pairs on the platform, including the euro, US dollar, Canadian dollar, Japanese yen, pound, and Swiss franc pairs.The crypto exchange in March signed an agreement to purchase NinjaTrader, a retail futures platform, for $1.5 billion.The deal is expected to close during the first half of 2025 and will position Kraken to offer crypto futures trading to US residents.Mastercard and Kraken partnered in April to release a crypto debit card that gives holders the ability to spend cryptocurrencies in standard retail transactions.On April 14, the exchange introduced stock and ETF trading in select US states, including New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.Kraken is also reportedly eyeing a capital raise of up to $1 billion as the company explores going public, according to a Bloomberg report published in March. If Kraken’s IPO plans materialize, the public offering will likely happen in the first quarter of 2026, Bloomberg reported.Magazine: Crypto ‘more taboo than OnlyFans,’ says Violetta Zironi, who sold song for 1 BTC

Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets.The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement.Both contracts feature 20x leverage and no expiry date, meaning they do not have to be rolled or settled by a deadline, unlike traditional futures contracts, which have an expiry date.Kraken’s move is the latest in a series of expansions from the company, as it seeks to blur the line between digital assets and traditional financial products — a trend reflected across the crypto industry.EUR-USD price action. Source: TradingViewRelated: Kraken secures restricted dealer registration in CanadaKraken sinks its tentacles into TradFi markets Kraken rolled out spot forex trading to clients worldwide except for the United States in March 2020.The launch gave crypto traders access to nine major currency pairs on the platform, including the euro, US dollar, Canadian dollar, Japanese yen, pound, and Swiss franc pairs.The crypto exchange in March signed an agreement to purchase NinjaTrader, a retail futures platform, for $1.5 billion.The deal is expected to close during the first half of 2025 and will position Kraken to offer crypto futures trading to US residents.Mastercard and Kraken partnered in April to release a crypto debit card that gives holders the ability to spend cryptocurrencies in standard retail transactions.On April 14, the exchange introduced stock and ETF trading in select US states, including New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.Kraken is also reportedly eyeing a capital raise of up to $1 billion as the company explores going public, according to a Bloomberg report published in March. If Kraken’s IPO plans materialize, the public offering will likely happen in the first quarter of 2026, Bloomberg reported.Magazine: Crypto ‘more taboo than OnlyFans,’ says Violetta Zironi, who sold song for 1 BTC

Bitcoin (BTC) has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a low volatility period is followed by a range expansion, but it is difficult to predict the direction of the breakout with certainty.Cryptocurrency analysts remain bullish on Bitcoin’s prospects because gold’s rally in 2017 and 2020 was followed by a sharp rise in Bitcoin’s price. Theya head of growth Joe Consorti said in a post on X that Bitcoin follows gold with a lag of roughly 100 to 150 days. If Bitcoin moves as per Consorti’s expectations, a new all-time high could be hit between Q3 and Q4 of 2025. On similar lines, trading and analytics account Cryptollica projected a medium-term target of $155,000 for Bitcoin.Crypto market data daily view. Source: Coin360Along with Bitcoin, analysts are also bullish on altcoins. Swiss bank Sygnum said in its Q2 2025 investment outlook that improved regulations for crypto use cases have prepared the ground for a strong altcoins rally in the second quarter, as “none of the positive developments have been priced in.”Could Bitcoin and the altcoins break above their respective overhead resistance levels and start a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin has been trading between the 20-day exponential moving average ($83,463) and the 200-day simple moving average ($87,857), indicating a tough battle between the bulls and the bears.BTC/USDT daily chart. Source: Cointelegraph/TradingViewIf the 20-day EMA cracks, the selling could pick up, and the BTC/USDT pair may slide to $78,500 and then to $73,777. Buyers are expected to defend the $73,777 level with all their might because a break below it may signal the start of a downtrend.On the contrary, a break and close above the 200-day SMA indicates that the corrective phase may be over. The pair could climb to $95,000 and eventually to the psychologically critical level of $100,000.Ether price analysisEther (ETH) has been trading between the $1,368 support and the $1,754 resistance, indicating indecision between the bulls and the bears.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping moving averages and the RSI in the negative territory suggest a slight edge to the sellers. If the price slips below $1,471, the ETH/USDT pair could descend to $1,368. Buyers are expected to vigorously defend the $1,368 support because a break below it may sink the pair to $1,150.On the upside, the bulls are likely to face stiff resistance in the zone between the 20-day EMA ($1,676) and $1,754. A break and close above the resistance zone could propel the pair to the breakdown level of $2,111.XRP price analysisThe bears have failed to sink XRP (XRP) below the $2 support, suggesting a lack of selling pressure at lower levels.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The XRP/USDT pair could then plunge to the $1.72 to $1.61 support zone.BNB price analysisBNB (BNB) has been trading just below the downtrend line, indicating that the bulls have held on to their positions as they anticipate a breakout.BNB/USDT daily chart. Source: Cointelegraph/TradingViewIf buyers propel the price above the downtrend line, the BNB/USDT pair could pick up momentum and rally to $644. Sellers will try to defend the $644 resistance, but the bulls are expected to buy the dips to the 20-day EMA ($588). If that happens, the likelihood of a rally to $680 increases.This optimistic view will be invalidated in the near term if the price turns down from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for some more time.Solana price analysisSolana (SOL) rebounded off the 20-day EMA ($126) on April 16 and rose above the 50-day SMA ($130), indicating buying on dips.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe SOL/USDT pair could rise to the overhead resistance at $153, where the bears are expected to mount a stiff resistance. If buyers pierce the $153 level, the pair could surge toward $180.Buyers are expected to guard the zone between the 20-day EMA and $120. If the zone gives way, it suggests that the bears are active at higher levels. The pair could then descend to the $110 support.Dogecoin price analysisDogecoin (DOGE) has been trading between the 20-day EMA ($0.16) and the crucial support at $0.14 for the past few days.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe flattening 20-day EMA and the positive divergence on the RSI suggest reduced selling pressure. Buyers will have to drive the price above the 50-day SMA ($0.17) to gain the upper hand. The DOGE/USDT pair could climb to $0.20, an essential level to watch out for as a break above it completes a double bottom pattern.Contrarily, a break and close below the $0.14 support signals the start of the next leg of the downtrend. The pair could then plummet to $0.10.Cardano price analysisBuyers have kept Cardano (ADA) above the $0.59 support but are struggling to push the price above the 20-day EMA ($0.63).ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down and breaks below $0.59, the ADA/USDT pair could slide toward the solid support at $0.50. This is an important level for the bulls to defend because a break below it signals the resumption of the downtrend. The next support on the downside is at $0.40.Buyers will be back in the driver’s seat on a break and close above the 50-day SMA ($0.70). The pair could then rally to $0.83.Related: Bitcoin price volatility ‘imminent’ as speculators move 170K BTC — CryptoQuantUNUS SED LEO price analysisUNUS SED LEO’s (LEO) failure to rise above the uptrend line may have tempted short-term buyers to book profits.LEO/USD daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($9.34) has started to turn down gradually, and the RSI is in the negative zone, signaling a slight edge to the bears. If the price tumbles below the immediate support at $8.95, the LEO/USD pair could retest the vital level at $8.79. A break below $8.79 could sink the pair to $8.30.This negative view will be invalidated in the near term if the price rises above the 50-day SMA ($9.56). The pair could then retest the stiff overhead resistance at $9.90. Chainlink price analysisChainlink (LINK) has been trading below the 20-day EMA ($12.77), but the bears have failed to pull the price below $11.68, signaling a lack of sellers at lower levels.LINK/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will try to push the price above the moving averages. If they manage to do that, the LINK/USDT pair could rally to $16. Sellers will try to halt the rally at $16, but the pair could reach the resistance line if the bulls prevail.If sellers want to retain the advantage, they will have to sink the price below the $11.68 support. The pair could then decline to the support line of the descending channel, which is likely to attract buyers.Avalanche price analysisAvalanche (AVAX) has been trading near the moving averages, indicating a balance between supply and demand.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish 20-day EMA ($18.97) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. A break above the downtrend line could open the doors for a rally to the overhead resistance at $23.50. Buyers will have to overcome this barrier to start a new up move.On the downside, a break and close below $17.50 may sink the AVAX/USDT pair to $15.27. This is an essential level for the bulls to defend, as a break below $15.27 may signal the resumption of the downtrend.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin (BTC) has been trading in a tight range for a few days, but a minor positive is that the bulls have kept the price above $83,000. Usually, a low volatility period is followed by a range expansion, but it is difficult to predict the direction of the breakout with certainty.Cryptocurrency analysts remain bullish on Bitcoin’s prospects because gold’s rally in 2017 and 2020 was followed by a sharp rise in Bitcoin’s price. Theya head of growth Joe Consorti said in a post on X that Bitcoin follows gold with a lag of roughly 100 to 150 days. If Bitcoin moves as per Consorti’s expectations, a new all-time high could be hit between Q3 and Q4 of 2025. On similar lines, trading and analytics account Cryptollica projected a medium-term target of $155,000 for Bitcoin.Crypto market data daily view. Source: Coin360Along with Bitcoin, analysts are also bullish on altcoins. Swiss bank Sygnum said in its Q2 2025 investment outlook that improved regulations for crypto use cases have prepared the ground for a strong altcoins rally in the second quarter, as “none of the positive developments have been priced in.”Could Bitcoin and the altcoins break above their respective overhead resistance levels and start a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin has been trading between the 20-day exponential moving average ($83,463) and the 200-day simple moving average ($87,857), indicating a tough battle between the bulls and the bears.BTC/USDT daily chart. Source: Cointelegraph/TradingViewIf the 20-day EMA cracks, the selling could pick up, and the BTC/USDT pair may slide to $78,500 and then to $73,777. Buyers are expected to defend the $73,777 level with all their might because a break below it may signal the start of a downtrend.On the contrary, a break and close above the 200-day SMA indicates that the corrective phase may be over. The pair could climb to $95,000 and eventually to the psychologically critical level of $100,000.Ether price analysisEther (ETH) has been trading between the $1,368 support and the $1,754 resistance, indicating indecision between the bulls and the bears.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping moving averages and the RSI in the negative territory suggest a slight edge to the sellers. If the price slips below $1,471, the ETH/USDT pair could descend to $1,368. Buyers are expected to vigorously defend the $1,368 support because a break below it may sink the pair to $1,150.On the upside, the bulls are likely to face stiff resistance in the zone between the 20-day EMA ($1,676) and $1,754. A break and close above the resistance zone could propel the pair to the breakdown level of $2,111.XRP price analysisThe bears have failed to sink XRP (XRP) below the $2 support, suggesting a lack of selling pressure at lower levels.XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will try to start a recovery, which could reach the 50-day SMA ($2.23). This is an essential short-term level to keep an eye on because a break above it opens the doors for a rally to the resistance line. Buyers will have to push the price above the resistance line to signal a short-term trend change.Alternatively, a break below the $2 support tilts the advantage in favor of the bears. The XRP/USDT pair could then plunge to the $1.72 to $1.61 support zone.BNB price analysisBNB (BNB) has been trading just below the downtrend line, indicating that the bulls have held on to their positions as they anticipate a breakout.BNB/USDT daily chart. Source: Cointelegraph/TradingViewIf buyers propel the price above the downtrend line, the BNB/USDT pair could pick up momentum and rally to $644. Sellers will try to defend the $644 resistance, but the bulls are expected to buy the dips to the 20-day EMA ($588). If that happens, the likelihood of a rally to $680 increases.This optimistic view will be invalidated in the near term if the price turns down from the downtrend line and breaks below $566. That could keep the pair stuck inside the triangle for some more time.Solana price analysisSolana (SOL) rebounded off the 20-day EMA ($126) on April 16 and rose above the 50-day SMA ($130), indicating buying on dips.SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe SOL/USDT pair could rise to the overhead resistance at $153, where the bears are expected to mount a stiff resistance. If buyers pierce the $153 level, the pair could surge toward $180.Buyers are expected to guard the zone between the 20-day EMA and $120. If the zone gives way, it suggests that the bears are active at higher levels. The pair could then descend to the $110 support.Dogecoin price analysisDogecoin (DOGE) has been trading between the 20-day EMA ($0.16) and the crucial support at $0.14 for the past few days.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe flattening 20-day EMA and the positive divergence on the RSI suggest reduced selling pressure. Buyers will have to drive the price above the 50-day SMA ($0.17) to gain the upper hand. The DOGE/USDT pair could climb to $0.20, an essential level to watch out for as a break above it completes a double bottom pattern.Contrarily, a break and close below the $0.14 support signals the start of the next leg of the downtrend. The pair could then plummet to $0.10.Cardano price analysisBuyers have kept Cardano (ADA) above the $0.59 support but are struggling to push the price above the 20-day EMA ($0.63).ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down and breaks below $0.59, the ADA/USDT pair could slide toward the solid support at $0.50. This is an important level for the bulls to defend because a break below it signals the resumption of the downtrend. The next support on the downside is at $0.40.Buyers will be back in the driver’s seat on a break and close above the 50-day SMA ($0.70). The pair could then rally to $0.83.Related: Bitcoin price volatility ‘imminent’ as speculators move 170K BTC — CryptoQuantUNUS SED LEO price analysisUNUS SED LEO’s (LEO) failure to rise above the uptrend line may have tempted short-term buyers to book profits.LEO/USD daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($9.34) has started to turn down gradually, and the RSI is in the negative zone, signaling a slight edge to the bears. If the price tumbles below the immediate support at $8.95, the LEO/USD pair could retest the vital level at $8.79. A break below $8.79 could sink the pair to $8.30.This negative view will be invalidated in the near term if the price rises above the 50-day SMA ($9.56). The pair could then retest the stiff overhead resistance at $9.90. Chainlink price analysisChainlink (LINK) has been trading below the 20-day EMA ($12.77), but the bears have failed to pull the price below $11.68, signaling a lack of sellers at lower levels.LINK/USDT daily chart. Source: Cointelegraph/TradingViewThe bulls will try to push the price above the moving averages. If they manage to do that, the LINK/USDT pair could rally to $16. Sellers will try to halt the rally at $16, but the pair could reach the resistance line if the bulls prevail.If sellers want to retain the advantage, they will have to sink the price below the $11.68 support. The pair could then decline to the support line of the descending channel, which is likely to attract buyers.Avalanche price analysisAvalanche (AVAX) has been trading near the moving averages, indicating a balance between supply and demand.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe flattish 20-day EMA ($18.97) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. A break above the downtrend line could open the doors for a rally to the overhead resistance at $23.50. Buyers will have to overcome this barrier to start a new up move.On the downside, a break and close below $17.50 may sink the AVAX/USDT pair to $15.27. This is an essential level for the bulls to defend, as a break below $15.27 may signal the resumption of the downtrend.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.