Bitcoin and Ethereum Signal Bullish Continuation, SHIB Rallies 30%
- Bitcoin price tested the key USD 25,000 resistance.
- Ethereum is consolidating near USD 2,000, XRP might soon test the USD 0.40 resistance.
- SHIB rallied over 30%, and CEL briefly gained over 15%.
Bitcoin price remained well bid above the USD 24,200 support zone. BTC even climbed above USD 24,500 and tested USD 25,000. It is currently (04:00 UTC) consolidating and eyes more upsides above the USD 25,000 level.
Besides, most major altcoins are showing positive signs. ETH surpassed USD 2,000 and started a consolidation phase. XRP might attempt an upside break above USD 0.388. ADA could rise towards the USD 0.60 resistance.
Total market capitalization
After a clear move above the USD 24,200 level, bitcoin price extended its increase. BTC was able to clear the USD 24,500 resistance zone. Finally, it tested the USD 25,000 resistance zone. It is now eyeing more gains above the USD 25,200 level. On the upside, the price might face resistance near the USD 25,400 level. The next resistance is near the USD 25,850 level, above which the price might test USD 26,000.
On the downside, an immediate support sits at USD 24,650. The next major support is near the USD 24,500 zone, below which the price could start a downside correction.
Ethereum price gained pace for a move above the USD 1,950 level. ETH even broke the USD 2,000 resistance to move further into a positive zone. An immediate resistance is near the USD 2,040 level. The next key resistance is near the USD 2,080 level, above which the price may perhaps test the USD 2,120 resistance zone.
On the downside, initial support is near the USD 1,950 level. The next major support is near the USD 1,920 zone, below which the price could decline sharply.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to clear the USD 0.55 resistance. It is consolidating near the USD 0.575 level. If there is a downside correction, the price might drop towards the USD 0.555 level.
BNB is stuck near the USD 325 level. The price is now facing resistance near the USD 325 level. The next major resistance is near the USD 332 level, above which the price might start a steady increase.
Solana (SOL) settled above the USD 45.50 resistance zone. It is now struggling to clear the USD 48 resistance. If the bulls gain strength, the price may perhaps rise towards the USD 50 level.
DOGE rallied over 8%, and there was a clear move above the USD 0.080 resistance. The price is facing resistance near the USD 0.0820 level, above which the price might retest the USD 0.0850 resistance.
XRP price attempted to clear the USD 0.388 resistance but failed. It is now consolidating and might attempt another move towards the USD 0.40 level.
Other altcoins market today
A few altcoins are showing positive signs, including SHIB, LEO, MANA, SAND, CEL, WAVES, GMT, GALA, and HOT. Conversely, SHIB rallied over 30% and cleared the USD 0.0000165 resistance.
Overall, the bitcoin price is consolidating near the USD 25,000 zone. If BTC gains momentum, there could be a move towards the USD 25,800 level.