Bitcoin and Ethereum Hover Above Key Levels, EGLD and MIOTA Accelerate
- Bitcoin price is hovering above USD 30,000.
- Ethereum is still trading above USD 2,000, XRP is facing resistance near USD 0.45.
- EGLD and MIOTA are up 10%.
Bitcoin price remained well bid above the USD 29,000 level, formed a base, and jumped above USD 30,000. It is currently (11:46 UTC) showing positive signs near USD 30,400 and might gain pace if it clears USD 31,200. BTC is up around 1% in a day and a week.
Similarly, most major altcoins are also moving higher. ETH could accelerate if it clears the USD 2,150 resistance zone. XRP is facing a key hurdle near the USD 0.45 level. ADA might make another attempt to gain strength above USD 0.60.
Total market capitalization
After finding bids near USD 29,000, bitcoin price started a decent increase. BTC climbed above the USD 30,000 level while an immediate resistance is near the USD 31,200 zone. The next key resistance is now forming near the USD 31,500 level. A clear move above the USD 31,500 resistance could set the pace for a larger increase. The next key resistance is near the USD 32,200 level.
On the downside, an initial support is near the USD 30,000 level. The next major support is near the USD 29,200 level, below which the price could trade below USD 29,000.
Ethereum price also remained well supported above the USD 2,000 level. ETH climbed above the USD 2,050 level and is now up 2% in a day, trimming its weekly losses to 7%. If the bulls remain in action, there could be a steady increase above the USD 2,150 level. The next key resistance is near USD 2,200.
On the downside, there is a decent support near the USD 2,020 level. The next major support is near the USD 2,000 level, below which the bears might attempt a push below USD 1,980.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) fluctuates above the USD 0.55 pivot level. If the bulls remain in action, they could attempt a move above the USD 0.60 level. The next key resistance is near the USD 0.612 level.
BNB is showing positive signs above the USD 300 level. An immediate resistance is near the USD 312 level. The next major hurdle is near the USD 320 level, above which the price could gain bullish momentum.
Solana (SOL) is consolidating above the USD 55 level. The bears might remain active near the USD 60 level. A close above the USD 60 level could set the pace for a larger increase.
DOGE is still consolidating near the USD 0.0900 level. An immediate resistance is near the USD 0.092 level. The next key breakout zone could be near the USD 0.095 level.
XRP price is stuck below the USD 0.45 resistance. If the bears continue to defend, there is a risk of a downside break below USD 0.40. Conversely, the price could rise towards USD 0.50.
Other altcoins market today
Many altcoins are moving in the green zone, including SHIB, TRX, MATIC, LTC, FTT, UNI, LINK, ALGO, APE, HBAR, and VET. Meanwhile, MIOTA and EGLD jumped 10% and surpassed USD 0.385 and USD 101, respectively. MIOTA is still down 4% in a week, while EGLD trimmed its weekly losses to 3%.
Overall, bitcoin price is showing positive signs above the USD 30,000 level. If BTC clears the USD 31,200 and USD 31,500 resistance levels, it could gain bullish momentum.