Bitcoin and DOGE Rally, Ethereum Eyes Upside Break
Bitcoin price gained pace and it broke the key USD 35,000 resistance. Ethereum is still facing hurdles near USD 2,050, XRP is up 6% and it tested USD 0.700. DOGE rallied 23% and surpassed USD 0.28.
Bitcoin price remained strong above the USD 32,000 and USD 33,000 levels. As a result, BTC gained bullish momentum and it broke the main USD 35,000 resistance. It is currently (04:41 UTC) consolidating gains below this level.
Similarly, most major altcoins are rising steadily. ETH is consolidating below USD 2,000 and it could gain pace for a move above USD 2,050. XRP/USD rallied and it tested the USD 0.700 zone.
Total market capitalization
There was a fresh base formed in bitcoin price above the USD 32,500 zone. BTC started a fresh increase and the bulls were able to push the price above the USD 35,000 resistance. It is trading in a positive zone and it seems like it could even test USD 36,500. The next major resistance is near the USD 38,000 zone.
An initial support on the downside is near the USD 34,500 level. The main breakdown support is now forming near the USD 33,500 level.
Ethereum price remained well bid above the USD 1,850 and USD 1,880 levels. ETH climbed above USD 1,980, but it is struggling to gain momentum above USD 2,000. The main resistance is still near USD 2,050, above which the price could accelerate.
If there is a fresh decline, the price could find bids near USD 1,920. The key support is now forming near the USD 1,850 level.
BNB, LTC, DOGE, and XRP price
Binance coin (BNB) is now trading above the USD 300 level. An immediate resistance is near the USD 320 level. A close above USD 320 might set the pace for a move towards the USD 345 level. Conversely, the price could dip to test the USD 280 support.
Litecoin (LTC) surpassed the USD 132 and USD 135 resistance levels. LTC is now rising towards the USD 142 level. The main resistance is near the USD 150 level, above which the price could test USD 165. On the downside, the bulls might appear near USD 122.
Dogecoin (DOGE) started a fresh rally above the USD 0.250 level. DOGE even surpassed USD 0.280 and it is now facing resistance near the USD 0.300 level. If there is a downside correction, the price might find bids near the USD 0.250 level.
XRP price also followed a bullish path above USD 0.620. The price rallied above the USD 0.650 level and it tested the USD 0.700 zone. On the downside, the previous resistance near USD 0.650 might provide support in the near term.
Other altcoins market today
Many altcoins gained over 10%, including CELO, RUNE, QNT, NANO, SC, STX, CRV, SOL, QTUM, OKB, ETC, MANA, DGB, and HT. Out of these, CELO rallied almost 27% and it cleared the USD 2.95 level.
Overall, bitcoin price is showing positive signs above the USD 34,500 level. If BTC settles above USD 35,000, there could be a stronger increase towards the USD 37,000 and USD 38,000 levels.