Bitcoin and Ethereum Consolidate Losses, SHIB Surges
- Bitcoin price is consolidating losses near USD 40,000.
- Ethereum is hovering near USD 3,050, XRP managed to recover above USD 0.712.
- SHIB surged 20%, and APE gained 12%.
Bitcoin price retested the USD 39,200 support zone. BTC remained supported and climbed above USD 40,000. It is currently (04:28 UTC) consolidating losses below USD 40,100 and facing many hurdles on the upside near USD 41,200. BTC is up less than 1% in a day.
Besides, most major altcoins are also moving higher. ETH traded above USD 3,050 and tested USD 3,085. XRP climbed above USD 0.70 and tested USD 0.72. ADA is consolidating near the USD 0.95 level.
Total market capitalization
Bitcoin price
Recently, bitcoin price saw another decline below the USD 40,000 level. BTC even declined below the USD 39,500 level. However, the bulls were again active near the USD 39,200 level. It is now recovering and consolidating near the USD 40,000 level. An immediate resistance on the upside is near the USD 40,500 level. The next key resistance is now forming near the USD 41,200 level, where the bulls might struggle.
On the downside, an initial support is near the USD 39,500 level. The next major support is near USD 39,200, below which the price could dive.
Ethereum price
Ethereum price remained well bid near the USD 2,950 and USD 2,960 levels. ETH recovered and climbed above USD 3,000. It even surpassed the USD 3,050 level and is now up 2% in a day. The next key resistance might be near the USD 3,080 level, above which the price could even attempt a move above USD 3,120.
If not, there might be a drop to USD 3,000. The next major support is near the USD 2,950 level, below which there is a risk of a larger decline.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) found support near the USD 0.92 level. It is now correcting losses and trading above USD 0.95. The first key resistance is near the USD 0.98 level, above which the price might face resistance near the USD 1.0 level.
BNB is up over 4% and there was a clear move above the USD 412 resistance. It is now trading near the USD 420 resistance. If there are more upsides, the price could rise towards the USD 432 resistance level.
Solana (SOL) recovered above the USD 102 level. It is up 3% and is testing the USD 105 resistance. A clear move above the USD 105 level could set the pace for a move towards the USD 112 level.
DOGE formed a base near the USD 0.135 level and corrected higher. It moved above the USD 0.140 level and might attempt a break above USD 0.142. The next major resistance is near the USD 0.145 level.
XRP price is consolidating near the USD 0.72 level. An immediate resistance is near the USD 0.75 level. A close above USD 0.75 might send the price towards the USD 0.80 level in the near term.
Other altcoins market today
Many altcoins are up over 5%, including SHIB, MATIC, ALGO, MANA, EGLD, APE, SAND, AXS, CAKE, AAVE, and FLOW. Out of these, SHIB gained 20% on the Robinhood news, broke the USD 0.0000266 level, and erased its weekly losses.
Overall, bitcoin price is consolidating losses near the USD 40,000 level. If BTC moves above USD 40,500, it could test the USD 41,200 resistance zone. Conversely, it might revisit USD 39,200.
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