- Bitcoin price gained 5% and moved above USD 31,000.
- Ethereum surged to $1,900, XRP is testing $0.40.
- SOL and ADA are up more than 9%.
the bitcoin price remained near the $29,500 level and then started a recovery above the $30,500 resistance. It even broke above $31,000 and is currently (04:10 UTC) targeting further gains above the $31,200 resistance zone. BTC increased by 5% in 24 hours and by 6% in one week.
On the other hand, most major altcoins are up. ETH is up 5% and approaching the resistance at $1,920. XRP might rise towards the resistance of $0.425. As for ADA, it is once again above the resistance of $0.60.
Total market capitalization
The price of bitcoin
After forming a base near the $29,500 level, Bitcoin price started a wave of recovery. BTC even broke above the USD 31,000 level. However, bears appear to be protecting further gains above the USD 31,200 level. The next key resistance is near USD 32,000, above which the price may begin a stronger rise.
On the downside, a first support can be found near the USD 30,500 level. The main weekly support is still near the $29,500 area, below which the price may begin a steeper decline.
Ethereum price
the ethereum price managed to recoup its losses and broke above the resistance at $1,850. It is now approaching the USD 1900 level and is up 5% in one day and almost 4% in one week. The main resistance still stands near USD 1,920, above which the price could start a stronger rise. The next key resistance is found at $2,000. On the downside, a first support can be found near the USD 1,850 level. The next major support is near USD 1,770, below which the price could fall sharply.
Price of ADA, BNB, SOL, DOGE and XRP
- the Cardano (ADA) gained ground above the $0.58 resistance. It jumped almost 11% and broke through the resistance level of $0.60. If the bulls remain in action, it might even break above the $0.62 resistance zone.
- the BNB maintains its gains above the 300 USD level. An immediate resistance stands near the USD 312 level. The next major resistance is found at $320, above which the price may be able to rise towards the $335 resistance zone.
- the Solana (SOL) came back above the USD 40 level and rose almost 10% in one day. It is facing resistance near the $42 level. A close above $42 could start a steady rise towards the $45 level in the near term.
- the DOGE is rising and trading above the $0.0820 level. On the upside, the price may encounter resistance near the USD 0.085 area. The next resistance is located at $0.088.
- The price of XRP is back above the $0.40 resistance zone. An immediate resistance can be found near the $0.42 level, above which the price could possibly climb towards the $0.45 resistance.
Market of other altcoins today
Many altcoins are showing positive signs, including DOT, TRX, AVAX, LEO, MATIC, LTC, NEAR, LINK, UNI, ALGO, ATOM and HBAR. Moreover, THETA is up 13% in one day and is the best performer among the top 100 crypto-assets by market capitalization.
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