Bitcoin and Ethereum Recover, ADA, XRP, SOL, DOT, and DOGE Rally
- Bitcoin price gained strength and climbed above USD 44,000.
- Ethereum is back above USD 3,100, XRP surged above the USD 1.00 resistance.
- ADA, SOL, DOT, and DOGE are up over 10%.
Bitcoin price remained well supported above the USD 40,000 zone. As a result, BTC started a steady recovery above the USD 43,000 level. It is currently (04:49 UTC) up more than 5% and it could accelerate further higher above USD 44,000.
Similarly, most major altcoins are rising steadily. ETH gained nearly 10% and it broke the USD 3,000 resistance zone. XRP rallied almost 11% and it broke the USD 1.00 resistance. ADA is also rising and it cleared the key USD 2.20 resistance.
Total market capitalization
After forming a base above USD 41,200, bitcoin price started a fresh upward move. BTC cleared the USD 42,500 and USD 43,000 resistance levels. It is now attempting a close above USD 44,000. If the bulls remain in action, there could be an upside continuation towards the USD 45,000 level. The next major resistance might be USD 45,500.
On the downside, an immediate support is near USD 43,200. The next key support is now forming near USD 42,500, below which the price could start a fresh decline.
Ethereum price gained pace above the USD 2,880 and USD 2,950 resistance levels. ETH even surged above the USD 3,000 level. It is showing positive signs, but the bulls could face resistance near USD 3,200. If there is a clear break above USD 3,200, the price could rise towards the USD 3,350 level.
If not, the price might correct lower towards the USD 3,000 support. A break below USD 3,000 may possibly open the doors for a fresh test of the USD 2,880 level.
ADA, LTC, DOGE, and XRP price
Cardano (ADA) formed a base above the USD 2.00 support and started a major increase. It cleared the USD 2.12 and USD 2.20 resistance levels. It is up over 12% and trading near USD 2.30. The next major resistance is near USD 2.35, above which the bulls might test the USD 2.50 level.
Litecoin (LTC) is up 7% and it is back above the USD 160 level. The bulls are now struggling near USD 162 and USD 165. A clear break above USD 165 could lead the price towards USD 175. The next major resistance is near the USD 188 level.
Dogecoin (DOGE) jumped by 11% and it surpassed the USD 0.220 resistance level. It is testing the USD 0.225 level and it might continue to rise towards the USD 0.232 resistance level. Any more gains could open the doors for a move towards the USD 2.50 level.
XRP price also rallied above the USD 0.950 and USD 1.00 resistance levels. It is up almost 11% and is trading near the USD 1.02 level. If the bulls remain in action, the price may possibly rise towards the USD 1.08 and USD 1.10 levels in the near term.
Other altcoins market today
Many altcoins are up over 15%, including AR, LUNA, ATOM, PERP, FTM, IOST, XTZ, HBAR, AXS, AVAX, DOT, MANA, SOL, and ENJ. Out of these, AR rallied 34% and surpassed the USD 50 level.
Overall, bitcoin price is showing positive signs above USD 43,500. If BTC settles above USD 44,000, there are chances of more upsides towards USD 45,000 or even USD 46,200.