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Reading: Cryptocurrency Market Shows Resilience with ADA, AVAX, Pi Coin, and Ethereum
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COINTURK NEWS > Technical Analysis > Cryptocurrency Market Shows Resilience with ADA, AVAX, Pi Coin, and Ethereum
Technical Analysis

Cryptocurrency Market Shows Resilience with ADA, AVAX, Pi Coin, and Ethereum

In Brief

  • Cryptocurrency markets face challenges but some coins show resilience and recovery.

  • ADA, AVAX, Pi Coin, and ETH are all experiencing significant market interest.

  • Future price movements depend on overall market sentiment and trading volumes.

İlayda Peker
İlayda Peker 1 month ago
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The first quarter of the year has been challenging for cryptocurrency markets, with altcoins rebounding from lows influenced by Trump’s tariffs. This has resulted in a tough bear market for traders, as many cryptocurrencies have faced mass delistings from major exchanges like Binance. Nevertheless, interest in leading cryptocurrencies such as ADA and AVAX continues to thrive.

Contents
ADA Coin and AVAX InsightsPi Coin and Ethereum (ETH) Analysis

ADA Coin and AVAX Insights

After dipping to $0.514, ADA Coin has risen above $0.63. This price level marks a key point where the previous upward momentum gained traction. Should optimism in overall market sentiment persist, a movement towards the $0.70 support level appears likely.

Following this potential increase, new highs between $0.829 and $0.98 could be achievable. Conversely, a scenario where prices test back at $0.60 and $0.58 is also possible. Previous analyses indicated that closing below $22 could lead to dips between $17.5 and $15. In an oversold environment, AVAX fell to as low as $14.75.

Currently, with AVAX closing above $17.5, it may surpass $20, reaching new highs between $23.6 and $25.

Pi Coin and Ethereum (ETH) Analysis

Pi Coin recently dipped below $0.40 but has since stabilized above $0.75. If the market appetite continues to grow, it could rise back above $1. Analysts have even commented on a $1.6 target, despite some negative sentiment affecting interest. However, the community’s strength is visibly reflected in the charts, allowing for continued optimism.

Nonetheless, discussions on transparency should not overlook long-term risks. The $0.805 level is crucial, and closing above this could recover the support needed for a rise to $1.17. Following this, rapid upward movement is anticipated.

After a prolonged period, Ether has set a new low at $1,385. While BTC remains above its 2021 all-time high, ETH continues to show sluggish recovery. Strong closures above $1,690 are essential to regain the critical support level of $1,820. Without this, the prevailing weakness might persist.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 13 April, 2025 - 3:49 pm 13 April, 2025 - 3:49 pm
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By İlayda Peker
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