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5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

15 April 15:36

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, after experiencing a volatile trend, the crypto market has entered the weekend closing stage and experienced a significant decline due to external news, resulting in a significant risk aversion effect for funds. The crypto market has experienced a continuous large-scale sell-off across the entire network, with several key mainstream currencies experiencing significant declines. Currently, there is no clear trend of recovery. Both BTC and ETH experienced significant declines on Sunday, falling below the key price levels of $64,000 and $3,000, but there has been a slight rebound, and prices are still fluctuating. The crypto market experienced significant fluctuations this week, with a significant decrease in market value compared to last week. Currently, it remains around $2.32 trillion, with a significant decline compared to the same period the previous week. The market sentiment index fell to 61, with several top key currencies falling throughout the week, with some currencies experiencing a decline of over 20%. 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 (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>).

Last week, the price trends of the five major currencies have generally shown slight fluctuations since the beginning of the week, and significant fluctuations and declines have occurred during the weekend closing stage due to the influence of news. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.

## Bitcoin（BTC）
BTC has fallen by about 7.10% this week and is currently closing at around $64,437. Within a week, the price has reached above $72,000, again entering a historical high range, and has remained stable at $68,000 - $71,500. However, after the weekend, due to external news factors, mainly the risk aversion effect caused by regional conflicts, mainstream funds in the market quickly flowed out, causing a significant impact on the crypto market. The price of BTC fluctuated significantly within a week, with a high point of $72,520 at the beginning of the week and a low point of around $61,593 when the market experienced a rapid decline.

Analysis suggests that the price trend of BTC within a week is already on the eve of significant price fluctuations due to the influence of the approaching halving time. However, external news factors significantly impact the crypto market, causing BTC's price fluctuations to break through the pattern of market cycle fluctuations, resulting in a rapid downward trend. For two consecutive days, the scale of net liquidation exceeded $1.5 billion, with BTC accounting for a relatively large proportion. In addition, the continuous outflow of spot ETFs has led to a significant decline in the price of BTC due to various reasons. However, due to the strong price support of BTC itself in recent times and the approaching halving time, and the intensive launch of multiple BTC L2 networks, the price decline of this coin is not significant in this round of the market. The probability of significant fluctuations in BTC prices again in the next week due to the halving is relatively high.
![](https://gimg2.gateimg.com/image/article/17131664791.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH fell 8.87% this week and closed near $3,083. The weekly trend of ETH coin prices is closely related to the trend of BTC, and the decline is similar. Due to the influence of news factors, the proportion of ETH in the continuous online liquidation is also relatively large. In addition, the recent delay in approval of ETH spot ETF by the US SEC has led to a significant upward trend in the ETH market, which has remained in the range of $3,400-$3,700 for several consecutive weeks. The emergence of this round of decline has also had a relatively serious impact on the coin, even falling below the $3000 price level at one point and currently maintaining a continuous fluctuation within the range of $3,000 - 3,100. The high point of ETH's weekly price is around $3,713 during the opening period, while the low point appears around $2,880 during the rapid decline period, indicating a clear downward trend throughout the week.

Analysis suggests that the price of ETH has performed similarly to most mainstream currencies this week, influenced by changes in the overall market trend and detached from the original market cycle trend. Unlike BTC, ETH has recently lacked significant price support factors, and the price decline of ETH has also been significantly greater than that of BTC. Currently, it seems that we still need to wait for the next market recovery before there will be significant market changes. The trend of ETH in the next week will likely fluctuate above $3,000, but there is still a risk of making up for losses.
![](https://gimg2.gateimg.com/image/article/17131664972.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB fell 4.7% this week and closed near $553. Although BNB's price trend has also shown a significant decline in the past week due to factors such as the sharp increase in market trading volume caused by the downward trend, BNB prices have not experienced a significant overall decline. At present, the coin is in a relatively high-frequency fluctuation cycle, and its price changes can also reflect the cyclical changes of the market. The highpoint of BNB's weekly price is around $626, where the downward trend occurred, while the low point dropped to around $525.

Analysis suggests that the weekly price fluctuation of BNB can well reflect the market cycle changes. With the rapid decline of the crypto market over the weekend, BNB prices have also rapidly fallen to the low range of the week after experiencing the initial short-term increase. Currently, the fluctuation trend of the coin is more obvious, but it is expected to experience a rebound next week. This is based on the clear upward trend in the trading frequency of the crypto market next week, but the specific price changes still need to be further understood in conjunction with the overall market situation.
![](https://gimg2.gateimg.com/image/article/17131665133.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL fell 20.18% this week and closed near $143. The price trend of SOL within a week was mainly characterized by slight fluctuations before the rapid market decline over the weekend, mostly maintaining within the range of $170 - $180, lacking clear upward or downward trends. After entering the weekend closing period, the decline in SOL prices was very significant in the short term, even approaching $120 in the short term, with a significant decline. The high point of the coin's weekly price is around $183 during the opening period, while the low point drops to around $121.

Analysis suggests that market fluctuations influenced the fluctuation of SOL prices this week, and coupled with the overheating of the Solana ecosystem in the previous weeks, the coin experienced a significant decline in this downward trend. After the decline, although the SOL price has rebounded to some extent, it still only returned to the price range of around $140. At present, the coin is still in a volatile cycle overall, and it is expected to further recover next week following the trend of the market. However, the probability of returning to the price of $180 is still relatively small.
![](https://gimg2.gateimg.com/image/article/17131665274.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP fell 17.28% this week and closed near $0.4895. The price trend of XRP this week is mainly divided by the downward trend over the weekend. Before the rapid decline, the price of the coin remained above $0.6 for most of the time and continued to fluctuate. In the short term, the rapid decline once fell below $0.45. The high point of the coin's weekly price is around $0.636 during the opening period, while the low point drops to around $0.4396.

Analysis suggests that XRP was mainly impacted by rapid changes in the market this week, and there is still a lack of relevant hot topics. The price changes within a week are also in line with the downward trend of most mainstream currencies. The price of this coin will fluctuate with the market in the following week. XRP itself does not have a guiding role in this regard, and there is a high probability that there will be no related hot topics in the short term. The probability of returning to above $0.6 is relatively small.
![](https://gimg2.gateimg.com/image/article/17131665475.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 seen a significant decline in most currencies compared to the same period last week. Currently, they are still in a volatile cycle and require specific analysis based on subsequent market changes, as well as changes in news factors. Due to the approaching halving of BTC, the probability of significant fluctuations in the mainstream market in the following week is relatively high. 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>

BTC/USDT -2.16%

ETH/USDT -1.64%

GT/USDT -1.09%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Solana（SOL）

Ripple（XRP）

What is to come?

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