Bitcoin and Ethereum Remain Supported, XTZ and AXS Accelerate
- Bitcoin price is trying to reclaim USD 30,000.
- Ethereum is facing hurdles below USD 2,050, XRP is consolidating above USD 0.40.
- XTZ and AXS are up around 8%.
Bitcoin price remained well bid above the USD 28,500 level and started a fresh increase above the USD 30,000 resistance. It is currently (04:03 UTC) trading near USD 30,200 and facing a strong resistance near the USD 30,500. BTC is up almost 3% in a day and is still down almost 4% in a week.
Similarly, most major altcoins are showing positive signs. ETH is back above USD 2,000 but is struggling to gain pace above USD 2,050. XRP is also struggling to clear the USD 0.425 and USD 0.432 resistance levels. ADA is facing resistance near the USD 0.55 level.
Total market capitalization
After another decline, bitcoin price found support near the USD 28,500 level. BTC started another increase, broke the USD 30,000 resistance, but it again struggled near the USD 30,500 zone. The next key resistance is still near the USD 31,200 level, above which the price could gain bullish momentum.
An immediate support is near the USD 29,800 level. The next major support is near the USD 29,500 level, below which the price could start another decline.
Ethereum price also followed a similar pattern and recovered above the USD 1,980 level. ETH cleared the USD 2,000 resistance to move into a positive zone. It is trading near USD 2,030 and is up 3% in a day and down 5% in a week. On the upside, an immediate resistance is near the USD 2,050 level. The next major resistance is near USD 2,120, above which the price could gain bullish momentum.
An initial support is near the USD 1,980 level. The next key support is near the USD 1,920 level, below which the price might start a sharper decline.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) remained well bid above the USD 0.50 level and is back above USD 0.54. The key breakout zone is at USD 0.55, above which the price could rise towards the USD 0.60 level.
BNB is showing positive signs above the USD 310 and USD 312 levels. It is now testing resistance near the USD 320 level. A clear move above the USD 320 level could stage a move towards the USD 332 level.
Solana (SOL) is consolidating above the USD 50 level. An immediate resistance is near the USD 55 level. The main breakout zone is near the USD 60 level, above which the price could stage a stronger move.
DOGE is consolidating near the USD 0.0850 level. The first key resistance is near the USD 0.088 level. The main resistance is near the USD 0.090 level, above which the price might rise steadily.
XRP price is trading above the USD 0.40 level. If there is a steady increase, the bears might defend the USD 0.450 level. The key hurdle is near USD 0.50, above which the price could rise to USD 0.55.
Other altcoins market today
Many altcoins are showing positive signs, including AVAX, TRX, MATIC, LEO, CRO, UNI, XMR, XTZ, CAKE, KLAY, AXS, and HT. Out of these, XTZ and AXS jumped around 8% and surpassed USD 1.95 and USD 22, respectively. XTZ is now also up almost 3% in a week, while AXS is still down over 1% in a week.
Overall, bitcoin price is back above the USD 30,000 level. However, BTC must gain strength above USD 30,500 and USD 30,550 resistance levels to continue higher in the near term.