Bitcoin and Ethereum Start Range Trading, TRX, DOGE Accelerate
Bitcoin price seems to be forming a base above USD 32,200. Ethereum is struggling to climb above USD 2,000, XRP is facing resistance near USD 0.65 and USD 0.66. TRX rallied almost 17%, DOGE is holding gains above USD 0.220.
Bitcoin price corrected lower after it failed to test the USD 35,000 resistance. BTC declined below USD 33,500, but it remained well bid above USD 32,200. It is currently (12:29 PM UTC) trading in a range and it could climb back above USD 34,000.
Similarly, most major altcoins are trading above key supports. ETH trimmed gains, but the bulls are protecting USD 1,850. XRP/USD bulls must clear USD 0.660 for more upsides.
Total market capitalization
Recently, bitcoin price saw a downside correction below the USD 33,500 support zone. BTC tested the USD 32,250 zone, and it started a fresh increase. The price climbed back above USD 33,000. An immediate resistance is near the USD 33,500 level. The first major resistance is near USD 34,000, above which the price might rise towards USD 35,000.
On the downside, an initial support is near the USD 32,500 level. The first major support is now at USD 32,200, below which the price might decline towards the USD 31,200 level.
Ethereum price failed to remain stable above USD 2,000. ETH corrected lower below USD 1,900, but the bulls were active near USD 1,880. It also remained strong above USD 1,850. However, the price must gain momentum above USD 2,000 to avoid a fresh bearish reaction.
An initial support is near the USD 1,880 level. The main support is now forming near the USD 1,850 level, below which the price could revisit USD 1,700.
BNB, LTC, DOGE, and XRP price
Binance Coin (BNB) is trading with a bullish bias and it broke the USD 300 barrier once again. BNB is now consolidating gains near USD 300, with an immediate resistance at USD 310. The next major resistance is near the USD 328 level. On the downside, the USD 280 level is a major support.
Litecoin (LTC) is rising steadily, and it could attempt a break above the USD 132 and USD 135 resistance levels. If the bulls succeed, the price could rise towards the USD 142 level. On the downside, the bulls might defend the USD 120 level.
Dogecoin (DOGE) is consolidating gains above the USD 0.220 level after rallying by around 7%. It seems like the price could clear the USD 0.250 level and extend its recovery. Conversely, a drop towards USD 0.200 might find a strong buying interest in the near term.
XRP price is trading in a bullish zone above the USD 0.620 level. An immediate resistance is near the USD 0.650 and USD 0.660 levels. Any more gains could set the pace for a move towards the USD 0.700 level.
Other altcoins market today
A few altcoins climbed over 5%, including KLAY, TRX, ANKR, BTG, BTT, GRT, ADA, HT, and QNT. Out of these, TRX rallied by almost 18%, surpassing USD 0.066, while KLAY is holding gains above the key USD 1.0 level, secured after a 30% rally in a day on Binance listing news.
To sum up, bitcoin seems to be trading in a range above the USD 32,200 support. As long as BTC is above USD 32,000, it could climb higher towards USD 35,000 in the near term.