Here is what you need to know on Tuesday, April 21:

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after registering little losses in the previous day and trading around 98.10 during the early European hours on Tuesday.

Solana (SOL) price is nearing a key resistance level around $87.10 on Tuesday, which could determine the next directional move. Meanwhile, positive sentiment around SOL builds, driven by rising institutional demand for SOL spot Exchange Traded Funds (ETFs).

The USD/CHF tests key support at a trendline after clearing the 50-day Simple Moving Average (SMA) at 0.7828 which exacerbated the breach of the 0.7800 figure, and testing last week’s lows of 0.7775.

Cardano (ADA) price trades at around $0.245 on Monday after a mild recovery of 2.67% in the previous week. However, the risk sentiment was dampened over the weekend as renewed tensions between the US and Iran in the Strait of Hormuz weighed on broader markets.

USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend.

India FX Reserves, USD increased to $700.95B in April 6 from previous $697.12B

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the second successive day and trading around 98.30 during the European hours on Friday.

The USD/JPY reclaims the 159.00 figure after reaching a weekly low of 158.26 amid mixed economic data in the US, strengthening the US Dollar, which rose to a two-day high of 98.29 according to the US Dollar Index (DXY). At the time of writing, the pair trades at 159.17, up 0.11%.

Silver price loses 0.30% on Thursday as the Greenback stages a comeback and as the white metal fails to clear key resistance at $81.00. At the time of writing, XAG/USD trades at $78.73 after hitting a daily high of $80.85.

Switzerland Producer and Import Prices (MoM) meets forecasts (0.2%) in March

The US Dollar Index (DXY) struggled to build on recent gains, trading near 98.10 on Tuesday in a tight range as mixed US data and conflicting signals from yields capped momentum.

Dogecoin (DOGE) is the largest meme coin, with a market capitalization of $14.27 billion at the time of writing on Wednesday, accounting for over 0.50% of the $2.49 trillion overall cryptocurrency market.

Polkadot (DOT) is down roughly 4% at press time on Monday, marking a bearish start to the week. The bridged DOT token on the Ethereum blockchain was reportedly compromised in an admin-change attack, resulting in the creation of more than 1 billion fake DOT tokens.

India FX Reserves, USD increased to $697.12B in March 30 from previous $688.06B

USD/JPY rises and tests the 20-day Simple Moving Average (SMA) at 159.19 on Thursday, yet it retreated amid an improvement in risk appetite, a headwind to the safe-haven appeal of the US Dollar. At the time of writing, the pair trades at 158.99, up 0.28%.

MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East.

Bitcoin (BTC) nears a key technical support level at $70,500 on Thursday, with the outcome hinging on whether bulls can regain momentum or bears push for a deeper pullback. That will determine the Crypto King’s next directional move.

Silver price extended its losses on Tuesday as the white metal failed to clear the $75.00 milestone, while the 20-day SMA crossed below the 100-day SMA, an indication that sellers are gaining traction. The XAG/USD trades at $72.24, down 0.69%.

Zcash (ZEC) is up 4% at press time on Tuesday, attempting to break above a resistance trendline and reverse the prevailing five-month decline. A double-digit surge in ZEC futures Open Interest (OI) in the last 24 hours signals renewed retail strength for the privacy coin. 

The Euro (EUR) is crawling up against a weak Japanese Yen (JPY) on Tuesday. The pair extends gains for the second consecutive day, trading at 184.47 at the time of writing, with bulls focusing on March’s peaks in the 184.65-184.75 area.

Dogecoin (DOGE) continues to trade below $0.091 on Tuesday as it started the week with mild selling, falling to break above key resistance. The price action remains largely range-bound, and underlying metrics are beginning to tilt bearish.

USD/CHF fails to clear key resistance at 0.8000, recoiling to the 0.7900 handle as a double-top chart pattern loom. At the time of writing, the pair trades at 0.7979, down 0.18%.

Pi Network (PI) is consolidating at press time on Monday, following a nearly 3% rise on Friday. The broader market sentiment remains cautious as US President Donald Trump warns of striking power plants and bridges if no peace deal is reached with Iran by Tuesday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after two days of gains and trading around 100.10 during the Asian hours on Monday.

The AUD/JPY cross attracts some buyers to near 110.20 during the Asian trading hours on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on expectations of further interest rate hikes from the Reserve Bank of Australia (RBA). 

India FX Reserves, USD down to $688.06B in March 23 from previous $698.35B

EUR/USD remains subdued for the second successive day, trading around 1.1540 during Asian hours on Friday. The daily chart technical analysis indicates a potential bullish reversal as the pair is testing the upper boundary of the descending channel pattern.

The Euro declines more than 0.5% against the safe-haven US Dollar on Thursday, extending its reversal from Wednesday’s highs at 1.1625 to session lows just below 1.1520 so far.

Silver price (XAG/USD) fails to gain traction, consolidates around $75.00 on Wednesday as US Treasury yields pared losses, while the white metal failed to surpass key resistance at the 20-day SMA at $76.90. At the time of writing, XAG/USD trades at $75.07, virtually unchanged.