A quick 3min read about today's crypto news!
Bitcoin price remained stable above the USD 42,500 support. BTC started a fresh increase above the USD 43,200 level. It is currently (04:24 UTC) trading above USD 43,500, but it is still facing a major hurdle near USD 44,400.
Similarly, most major altcoins are trading below key hurdles. ETH is back above USD 3,000, but the bears might remain active near USD 3,050 and USD 3,150. XRP is trading in a range below the USD 1.0 resistance. ADA is stuck between USD 2.00 and USD 2.20.
Total market capitalization
After a downside correction, bitcoin price found support above USD 42,500. BTC started a fresh increase in a range and climbed above USD 43,500. An immediate hurdle is near the USD 44,000 level. The next key resistance is near the USD 44,400 level, above which the price could accelerate towards USD 45,500 or even USD 46,200.
On the downside, an immediate support is near USD 42,500. The main range support is still near the USD 40,800 level, where the bulls might take a stand.
Ethereum price found support near USD 2,950 and recovered higher. ETH is now facing resistance near the USD 3,050. The main breakout resistance is still near the USD 3,120 and USD 3,150 levels. A close above USD 3,150 might start a stronger increase in the near term.
If there is a fresh decline, an initial support is at USD 2,950. The first major support is now forming near the USD 2,840 level.
Cardano (ADA) is stuck below the USD 2.12 pivot level. The main resistance is still near USD 2.20, above which the price could surge. On the downside, USD 2.02 is a key support. The main breakdown support is at USD 2.00, below which the bears might take control.
Litecoin (LTC) is gaining pace above the USD 150 level. However, it must clear the USD 155 range resistance to continue higher. The next stop might be USD 165, above which the next target for the bulls could be USD 188. If not, the price may possibly decline towards USD 140.
Dogecoin (DOGE) is consolidating above the 0.200 level. An immediate resistance is near the USD 0.205 level. The main range resistance is near the USD 0.212 level. A clear break above the USD 0.212 level might lead the price towards the USD 0.220 level.
XRP price is trading in a broad range below the USD 1.00 resistance. A close above USD 1.00 could start a steady increase. On the downside, the USD 0.900 level is a key breakdown support. A close below USD 0.900 could trigger heavy losses in the near term.
A few altcoins are up over 5%, including OMG, VET, QTUM, AMP, MIOTA, LUNA, XTZ, AUDIO, COMP, and DASH. Out of these, OMG rallied 12% and surpassed the USD 12 level.
Overall, bitcoin price is stable above the USD 43,000 level. However, BTC must settle above USD 44,400 to continue higher in the coming days.