Cardano, Shiba Inu, Binance Coin, Terra Price Analysis: 04 April

ambcrypto.com:

An analysis of Bitcoin Sentiment revealed a substantial improvement in the overall perception from ‘extreme fear’ to ‘neutral’ over the last month. Further, the correlations of other alts to Bitcoin also improved during this time.

As a result, Cardano, Shiba Inu, Binance Coin and Terra depicted a bullish advantage on their near-term technicals. Nevertheless, the overall directional trend still needed to improve for a strong bullish rally.

Source: TradingView, ADA/USDT

After touching its one-year low on 24 February, ADA saw a 62%+ recovery. Consequently, it reclaimed the $1.2-mark. Over the past two weeks, the continued its up-channel (yellow) oscillation while the bulls steered the trend in their favor.

After losing its 20 EMA (red) for a brief time, ADA bulls quickly flipped it from resistance to support after the recent rally. Further, the alt witnessed a bullish pennant over the last five days. The 24-hour gains propelled a breakout as it eyed to test the $1.2-resistance.

At press time, ADA traded at $1.217. The RSI grew exponentially from 1 April whilst its support trendline stood sturdy. From here, the immediate resistance stood in the 63-66 range. Interestingly, the OBV could not match the price movements in the last two days as it saw a weak bearish divergence.

Source: TradingView, SHIB/USD

Despite the vigorous bearish rally, the buyers upheld the $0.018-mark, as they have for the last five months. Since its January lows, SHIB bulls initiated a 104% rally before falling from its long-term ceiling of $0.034-level (for simplicity, price is multiplied by 1000).

Since then, the sellers influenced the peaks while the bulls pushed for higher troughs. Thus, forming a symmetrical triangle-like pattern in the last few days. Now,