Gate.io Blog 5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

01 April 14:57

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, the crypto market as a whole has experienced a volatile recovery trend, with several key mainstream currencies showing significant gains during the weekend closing period. This is also based on a slight pullback during the week. Except for BTC, which was in a small range of ups and downs for most of the week, the prices of other mainstream currencies have once again returned to the price range reached by the rapid rise after opening. The crypto market is rebounding this week, and the market value has increased compared to last week, reaching $2.69 trillion. There has been a significant rebound compared to last week's period, which is $2.49 trillion. The market sentiment index remains at 80, and no significant trend exists. Except for a slight decline in <a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>, other top key currencies have seen significant weekly gains in their market trends. This week, SOL rebounded and rose the most significantly, with a weekly increase of 13.52%. During the weekend closing phase, the trend of the five major currencies began to flatten, with intraday sideways trading being the main trend. At present, the top five cryptocurrencies in the total market value of the crypto market are still <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (XRP).

In the past week, the prices of the five major currencies have generally shown a volatile upward trend since the beginning of the week, followed by a slight pullback in the middle of the week. A key trend has emerged after entering the weekend closing stage, and the overall crypto market has risen significantly. Except for XRP, which has shown a volatile downward trend throughout the week, most other currencies have shown the same trend. SOL has seen a significant increase this week due to the renewed strength of the MEME sector within the ecosystem. As the BTC halving event approaches, if there are no more news factors affecting the market trend next week, mainstream currencies are likely to show a slight upward trend of volatility, and there is a high probability that the process will continue to be accompanied by a certain degree of coin price correction. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analysis to predict their future short-term price trends.

## Bitcoin（BTC）
Bitcoin has risen by about 7.98% this week and is currently closing around $71,104. The overall price fluctuation within a week has remained within a small range, except for the first round of increase at the beginning of the week. For most of the time, the overall trend of BTC has remained above $70,000, with short-term drops below $69,000. After entering the weekend closing period, the coin has once again shown a more obvious upward trend, with its current price basically above $71,000. The high point of BTC's weekly price is $71,647 for short-term pins, while the low point is around $66,151 during the opening period. After a rapid increase, the coin price has remained within a small range.

Analysis suggests that the price trend of Bitcoin within a week is mainly influenced by various factors, such as recent inflows and outflows of over-the-counter ETF funds, as well as the impact of halving production on public opinion. With BTC spot ETFs breaking the trend of large net outflows over multiple days, the coin price has finally shown clear signs of recovery. The coin has entered a stage of adjustment following the market cycle. Although there has been a certain overall recovery trend, it is feared that the price of the coin will remain within a relatively clear range and continue to fluctuate until the halving of BTC arrives. The fluctuation range will also be controlled within a relatively small range, with a price range of about 10%. BTC is expected to experience a wave of coin price increases early next week, with difficulty breaking through $71,500. However, further upward and downward trends will depend on whether this price level can be reached.
![](https://gimg2.gateimg.com/image/article/17119545161.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
Ethereum rose 7.69% this week and closed near $3,640. The weekly price trend of Ethereum is mainly characterized by rapid intraday fluctuations, with frequent fluctuations and continuing the trend of recent weeks, where upward growth is relatively weak. The ETH price has been struggling to return above $3,800, and currently, the volatility of the coin in recent weeks seems more like a state of weak market performance. Presently, the price of the coin has reached above $3,600, and there are clear signs of an upward trend due to the overall market trend. However, it has only returned to last week's high price range, and the subsequent trend is relatively unclear. The weekly high point of ETH is around $3,674, while the low point is around $3,400. The weekly trend has a relatively large intraday fluctuation.

Analysis suggests that the price of ETH is still quite evident in several mainstream currencies this week. ETH is currently in a relatively sluggish market cycle, and the rise and fall of coin prices are more in line with the market's own adjustment cycle. Both the application of ETH and the Ethereum ecosystem have recently lacked market hot topics, which has also led to the inability of ETH prices to return to the price level reached by the previous rapid market upward trend like BTC. This week, apart from the rapid upward trend at the beginning of the week, the ETH price has mostly been continuously rising and falling for most of the time. After entering the weekend closing stage, there has been a new upward trend. The trend of ETH for the next week is likely to continue to be accompanied by continuous fluctuations, with a high probability of maintaining above $3,500. However, it may be difficult to further rise, and further upward and downward trends can be observed at a key price level of $3,700.

![](https://gimg2.gateimg.com/image/article/17119545352.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB rose 6.95% this week and closed near $606, with the coin price returning above $600 once again. This week, the <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB price</a> was basically dynamically adjusted according to the market trading cycle. With the overall recovery of the market this week and the increase in trading volume, the BNB price trend began to rapidly rise in the middle of the week, rising directly from around $580 to around $610, and then began to decline slightly, but the magnitude was relatively small. The high point of BNB's weekly price is around $619 near the weekend closing period, while the low point drops to $566.

Analysis suggests that the weekly price fluctuation of BNB is mainly influenced by market trading fluctuations. It becomes active with the increase of trading volume across the entire network. After entering the weekend closing stage, the price of the coin begins to show a certain level of horizontal fluctuation. However, with the overall market activity, BNB is more likely to experience a wave of upward trend next week, with a higher chance of breaking through $620.
![](https://gimg2.gateimg.com/image/article/17119545783.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL rose 11.65% this week and closed near $199. The price trend of SOL within a week is mainly characterized by continuous fluctuations, with a short-term correction in the middle of the week, but most of the time it is mainly characterized by rapid fluctuations. The reason is actually due to the rise of the MEME sector within the Solana ecosystem, which is closely related to recent market trends. The high point of the coin's weekly price appeared on the weekend, breaking through $200 in a short period of time, and the low point was around $178 during the opening period.

Analysis suggests that the price of SOL has fluctuated more frequently this week, although it has shown an overall upward trend. However, due to its growth anchor being the MEME sector within the ecosystem, the corresponding frequency and magnitude of fluctuations are relatively larger. The coin trend is likely to continue to show more drastic fluctuations next week, but there will be some overall increase. The probability of breaking through $210 is relatively small.
![](https://gimg2.gateimg.com/image/article/17119545954.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP fell 0.84% this week and closed near $0.6281. The price of XRP has experienced a rapid increase this week, approaching the $0.66 level in the short term. This is mainly driven by the overall rise of the market in the short term, and the maintenance time is relatively short. For most of the subsequent periods, the trend of the coin is mainly characterized by rapid volatility and downward trend. After entering the weekend closing period, it basically maintains a continuous fluctuation in the range of $0.62 to $0.63. Although there has been a slight decline in XRP prices over the past week, the overall change in XRP prices is not significant. The high point for the week was $0.659, similar to last week, with the low point occurring around $0.6.57 during the period of rapid decline in the middle of the week.

Analysis suggests that the lack of news impact on XRP prices this week, coupled with a decrease in the heat of price impact caused by last week's upward hot spot information, has led to a downward trend in the coin itself. However, the overall market recovery has brought some price pull to XRP, resulting in a relatively small overall price change. At present, the follow-up trend of XRP clearly lacks further support. With a higher probability of mainstream market trends, the coin is likely to continue to fluctuate in the next week, with a higher probability of maintaining between $0.62 and $0.65.
![](https://gimg2.gateimg.com/image/article/17119546095.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
The price performance of BTC, ETH, BNB, SOL, and XRP this week has increased compared to last week. All other currencies have rebounded this week except for XRP, which has performed relatively poorly. The price increase for a week is concentrated during the opening and closing periods, and there is a high probability that the mainstream market will experience upward fluctuations in the following week, but the magnitude is foreseeable and not particularly large. Therefore, the price estimates for several mainstream currencies are still relatively clear. The price trends of several mainstream currencies in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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GT/USDT + 0.98%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Solana（SOL）

Ripple（XRP）

What is to come?

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