08 Apr 2022 · 2 min read

Bitcoin and Ethereum Fluctuate, NEAR Pauses

 

  • Bitcoin price moved below USD 43,500 again.
  • Ethereum briefly peaked above 3,300, XRP is consolidating below USD 0.80.
  • NEAR gained over 20%.

Bitcoin price is trading in a range above the USD 43,000 level. BTC is currently (11:55 UTC) moving below USD 43,500 while a move above USD 44,000 is a must for a decent increase. BTC is now down almost 1% in a day.

Besides, most major altcoins are consolidating. ETH tested the USD 3,300 resistance while XRP is facing a major challenge near the USD 0.80 level. ADA is stuck below USD 1.10.

Total market capitalization

Source: tradingview.com

Bitcoin price

In the past two sessions, bitcoin price traded in a range above the USD 43,000 level. BTC corrected a few points above the USD 43,500 level before dropping again. On the upside, the bulls are facing resistance near the USD 44,000 level. A clear move above the USD 44,000 level could send the price towards the USD 45,000 resistance in the near term. 

On the downside, an immediate support is near the USD 43,200 level. The next major support is near USD 43,000, below which the price might resume decline.

Ethereum price

Ethereum price is moving lower again after briefly surpassing the USD 3,300 level. The price is almost unchanged in a day. If it resumes its upward move, the next key resistance might be near the USD 3,320 level, above which the price could rise towards USD 3,400.

If there is a fresh decline, the price might find support near USD 3,220. The next major support is near the USD 3,200 level, below which the price may perhaps revisit USD 3,150.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is consolidating below the USD 1.10 resistance level. The main resistance is now forming near the USD 1.12 level, above which the price might move into a positive zone.

BNB is consolidating near the USD 430 level. If there is a clear move above the USD 432 level, the price could even surpass USD 435. The next key resistance is near the USD 440 level.

Solana (SOL) struggled to stay above the USD 120 level and it is now testing the USD 115 support. Any additional losses may perhaps call for a move towards the USD 105 level.

DOGE failed to gain strength above the USD 0.150 resistance. It seems like there might be a minor decline below USD 0.145. However, the USD 0.142 level is a major support zone.

XRP price is facing a major hurdle near the USD 0.80 resistance. A close above the USD 0.80 could set the pace for a steady increase. If not, the price might drop to USD 0.75.

Other altcoins market today

A few altcoins are up over 5%, including AVAX, NEAR, RUNE, ZEC, XEC, KSM, ROSE, and KAVA. Out of these, NEAR is still the best performing coin among the top 100 cryptos today despite it corrected from USD 19.61 to USD 18.67. The price is up more than 20% in a day and 41% in a week.

To sum up, bitcoin price is still looking for its direction. If BTC clears USD 44,000, it could start a recovery wave. Conversely, it might resume its decline below USD 43,000 in the near term.

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