Bitcoin and Ethereum Move Higher, MKR and CELO Outperform
- Bitcoin price is nearing UD 47,000.
- Ethereum is back above USD 3,500, XRP might revisit the USD 0.805 support.
- MKR and CELO are up 6% and 18%, respectively.
Bitcoin price found support just above the USD 45,000 level. BTC started a decent upward move and climbed above USD 46,200. It is currently (04:16 UTC) showing positive signs near USD 46,700 and might attempt an upside break above USD 47,200.
Besides, most major altcoins are trading in a positive zone and stayed above key supports. ETH recovered and moved above USD 3,500. XRP might decline and test the USD 0.805 support. ADA eyes an upside break above the USD 1.22 resistance.
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Bitcoin price
After a spike below USD 45,500, bitcoin price found support, started a recovery wave, and is now up almost 2% in a day. It cleared the USD 46,000 and USD 46,500 resistance levels. On the upside, the price is facing resistance near the USD 47,000 level. The next key resistance is near the USD 47,500 level, above which the price could gain bullish momentum.
If there is no upside break, the price might dip below USD 46,200. The next major support is near USD 46,000, below which the price might test USD 45,500. Any more losses may possibly spark a move below USD 45,000.
Ethereum price
Ethereum price remained in a positive zone above the USD 3,400 level. ETH recovered losses and was able to climb above the USD 3,500 level, increasing its daily gains to almost 1%. On the upside, the price might struggle near USD 3,550. The next key resistance might be near the USD 3,580 level, above which the price may perhaps rise to USD 3,650.
On the downside, an immediate support is near the USD 3,480 level. The next major support is near the USD 3,450 level, below which the price could revisit USD 3,400.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is showing positive signs above the USD 1.20 pivot level. An immediate resistance is near the USD 1.22 level, above which the price could accelerate higher towards USD 1.245.
BNB broke the key USD 450 resistance zone and is now consolidating near the USD 455 level. If the bulls remain in action, the price could rise towards the USD 465 level.
Solana (SOL) is trimming gains and approaching the USD 132 support. The next major support is near the USD 125 level. If there are more downsides, the price may perhaps test USD 120.
DOGE surged above the USD 0.150 resistance. However, it turned out to be a false spike, and the price trimmed gains. It is now consolidating near the USD 0.150 level and is up 3% in a day.
XRP price is consolidating near the USD 0.82 support. It seems like there is a risk of a move towards the USD 0.805 support zone. If not, it could rise and test USD 0.85.
Other altcoins market today
A few altcoins are up over 5%, including XMR, MKR, CELO, MINA, ROSE, and AUDIO. Out of these, MKR and CELO are the best performers among the top 100 coins today. MKR reached USD 2,403 and increased its weekly gains to 20%, while CELO surpassed USD 4.8 and is up 18% in a day and 47% in a week.
Overall, bitcoin price is trading above the USD 46,200 pivot level. If BTC clears USD 47,000 and USD 47,500, it could gain bullish momentum in the near term.
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