Crypto Price Analysis as of October 3, 2022

  • the Bitcoin price targets an upside breakout above $19,500.
  • Ethereum is facing resistance near $1,320, XRP could rise again if it crosses $0.455.
  • RSR, MKR, and EGLD are up more than 5%.

the bitcoin price remained in a range above the $18,900 level. BTC is currently (11:10 UTC) looking for an upside break above $19,300. If BTC closes above $19,500, there could be a sustained upward move towards $20,000.

In the same way, most major altcoins are looking for an upside breakout. ETH is approaching the $1,320 resistance zone, XRP is attempting a further rise towards the $0.455 level, and ADA is consolidating its price above $0.42.

The price of bitcoin

After a minor decline below $19,000, the bitcoin price has now found support above $19,200. It is now facing decent resistance near the $19,250 area and the 50 hourly simple moving average. There is also a downtrend line at $19,300 on the hourly chart. The next major resistance lies near $19,500, above which the price could test the $20,000 area.

On the downside, initial support can be found near the $18,900 level. The next major support is found near the $18,500 areabelow which the price could fall to $18,000 if the selling pressure becomes more intense from the ground.

The price of Ethereum

Ethereum price briefly dipped below the $1,280 level. ETH has tested the $1,260 support zone and is currently consolidating higher. It is now facing resistance near the $1,300 level and a connecting declining trend line on the hourly chart. The 50-hour simple moving average is also just above the trendline. The next major resistance is seen near the $1320 level, above which the price could hit the $1350 resistance.

On the downside, immediate support is near the $1,280 level. The next major support is at $1,260, below which the price may retest the $1,200 zone.

Price of ADA, BNB, SOL, DOGE and XRP

the Cardano (ADA) is currently consolidating above $0.42. If there is a break on the downside, the price could test $0.405. The next major support is located at $0.400.

the BNB is slowly climbing above the $285 level. The first major resistance is near $295, then $300. A significant rise above this level could allow BNB to reach $350.

Solana (SOL) is holding at the $32 support level. If there is a new upward movement, the bulls may encounter resistance near the $33.50 level. The next major upside resistance lies at $35.

the DOGE is fluctuating near the $0.060 level. Immediate resistance stands near the $0.0608 level, above which the price could test $0.0620. The main support is seen near the $0.0585 level.

The price of XRP is struggling to break above the $0.45 area. If XRP can consolidate above $0.46, then the price could test $0.48 in the coming week. The next major resistance is located at $0.50.

Other altcoin markets today

A few altcoins are slowly rising, including RSR, MKR, EGLD, UNI, CAKE, BNB, LEO, XTZ, RVN, BNX, and TWT. Among these, RSR gained more than 5% and broke above the $0.010 level.

To sum up, the bitcoin price attempts to break above the $19,300 and $19,500 levels. If BTC does well, the price could rise towards the $20,500 level.


Find the best crypto prices to buy and sell:

Follow our affiliate links:

  • To buy cryptocurrencies in the SEPA Zone, Europe and French citizensvisit Coinhouse
  • To buy cryptocurrency in Canadavisit Bitbuy
  • To generate interest with your bitcoinsgo to the BlockFi website
  • To secure or store your cryptocurrenciesget Ledger or Trezor wallets
  • To trade your cryptos anonymouslyinstall the NordVPN app

To accumulate coins while playing:

  • In poker on the CoinPoker gaming platform
  • To a global fantasy football on the Sorare platform

Stay informed with our free weekly newsletter and to our social networks:

Source link -95