08 Apr 2022 · 2 min read

Bitcoin and Ethereum Try to Recover, ETC and NEAR Rally

 

  • Bitcoin price is moving higher above USD 43,500.
  • Ethereum recovered above 3,250, XRP is nearing the USD 0.80 resistance.
  • ETC and NEAR are up 10% and 19%, respectively.

Bitcoin price formed a base above the USD 43,000 level and moved above USD 43,500. It is currently (04:05 UTC) trading in a range near USD 43,600, with a key breakout zone near the USD 44,000 level.

Besides, most major altcoins are attempting a recovery wave. ETH must clear the USD 3,300 resistance level to accelerate. XRP might continue to struggle near the USD 0.80 level. ADA is still consolidating below USD 1.10.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a sudden decline, bitcoin price found support near the USD 42,800 zone, formed a base above the USD 43,000 level, and increased less than 1% in a day. It corrected above the USD 43,500 level and might soon test the USD 44,000 level. The next major resistance is near the USD 44,200 level, above which the price could gain bullish momentum. 

On the downside, an initial support is near the USD 43,200 level. The next major support is near USD 43,000, below which the price might start a fresh decline.

Ethereum price

Ethereum price found support near the USD 3,150 zone and recovered above USD 3,250. It’s now up more than 2% in a day. The next key resistance might be near the USD 3,300 level, above which the price may perhaps climb to USD 3,380.

If there is no upside break, the price might retest USD 3,200. The next major support is near the USD 3,150 level, below which the price could decline to USD 3,050.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is moving higher towards the USD 1.10 level. The first major resistance is near the USD 1.12 level, above which the bulls could take control. The next key resistance is near the USD 1.15 level.

BNB is rising again and approaching the USD 440 level. The first major resistance is near the USD 442 level. A clear move above USD 442 may perhaps call for a retest of the USD 455 resistance zone.

Solana (SOL) is up over 7% and there was a move above the USD 120 level. The next key resistance is near the USD 125 level. A clear move above USD 125 might send the price towards the USD 132 level.

DOGE is rising and heading towards the USD 0.150 resistance. The main breakout zone is near the USD 0.155 level. If there is an upside break above USD 0.155, the price could rise towards the USD 0.162 level.

XRP price is moving higher and approaching the main USD 0.80 resistance. A close above the USD 0.80 is a must to start a stronger increase in the coming sessions. If not, the price might retest USD 0.75.

Other altcoins market today

Many altcoins are up over 5%, including AVAX, NEAR, UNI, ETC, VET, HBAR, WAVES, RUNE, CAKE, ZEC, and FLOW. Out of these, ETC jumped 10%, moved above USD 43, and trimmed its weekly losses to 8%. Meanwhile, NEAR is the best performer among the top 100 coins today as it jumped 19% in a day, surpassed USD 18, and increased its weekly gains to 35%. 

Overall, bitcoin price is consolidating near the USD 43,500 level. If BTC climbs above USD 44,000 and USD 44,200, it could start a recovery wave. If not, it might resume its decline below USD 43,000.

_____ 

Find the best price to buy/sell cryptocurrency: