22 Dec 2021 · 2 min read

Bitcoin and Ethereum Consolidate Gains, NEAR and MIOTA Rally

  • Bitcoin price is consolidating above USD 49,000.
  • Ethereum is stuck in a range above USD 4,000, XRP failed to reach USD 1.
  • NEAR rallied 23%, and MIOTA gained 16%.

Bitcoin price was able to clear the USD 48,500 resistance zone. BTC even spiked above the USD 49,500 level. It is currently (12:13 PM UTC) consolidating gains and it could start a fresh increase towards USD 50,000.

Similarly, most major altcoins are showing positive signs. ETH is eyeing an upside break above the USD 4,100 resistance. XRP still could revisit the USD 1.00 resistance. ADA rallied above the USD 1.30 resistance level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above USD 48,500, bitcoin price extended increase. BTC cleared the USD 49,200 level and even spiked above USD 49,500. It is currently consolidating gains near USD 49,200 and it could aim for a fresh increase above the USD 49,500 level. The next resistance is near the USD 50,000 zone.

On the downside, an initial support is near the USD 49,000 level. The next major support is near USD 48,500, below which there is a risk of a move towards USD 46,500.

Ethereum price

Ethereum price is showing positive signs above USD 4,000. ETH is facing resistance near the USD 4,080 and USD 4,100 levels. A successful close above USD 4,100 may possibly start a stronger increase. The next major stop for the bulls might be USD 4,250. 

If there is a downside correction, the price might find support near USD 3,980. The next key support is near the USD 3,920 level. Any more losses might push the price towards USD 3,850. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is up 8% and there was a clear move above USD 1.30. The price even surpassed the USD 1.35 level and is approaching the USD 1.365 resistance. Any more gains could open the doors for a move towards the USD 1.40 level.

Binance coin (BNB) is still struggling to gain pace above the USD 535 level. The next major resistance is near the USD 550 level, above which the bulls could gain strength in the near term. The next major stop for the bulls might be USD 580.

Solana (SOL) is gaining pace above the USD 180 level. The next major resistance for the bulls is near the USD 188 level. A clear move above USD 188 might send the price towards the USD 200 barrier.

DOGE is stuck near the USD 0.175 level. The next key resistance is near the USD 0.178 level. An upside break above USD 0.178 could clear the path for a test of USD 0.185.

XRP price gained almost 7% and broke the USD 0.935 level. The price was approaching the USD 0.980 resistance before correcting lower again. The next major resistance is near USD 1.00, above which the price could revisit USD 1.05.

Other altcoins market today

Many altcoins are up over 10%, including NEAR, MIOTA, CRV, LUNA, FTM, HNT, ENJ, ATOM, MATIC, and HBAR. Out of these, NEAR rallied 23% and cleared the USD 10 level, increasing its weekly gains to 7%. At the same time, MIOTA jumped 16% in a day and almost 21% in a week, surpassing the USD 1.30 level.

To sum up, bitcoin price is consolidating above the USD 49,000 level. If BTC clears USD 49,500 and USD 50,000, the bulls could gain strength in the coming sessions.

_____ 

Find the best price to buy/sell cryptocurrency: