12 Sep 2022 · 2 min read

Bitcoin and Ethereum Consolidate, GLM Surges, NEAR and SOL Rally

  • Bitcoin price is consolidating gains above USD 22,000.
  • Ethereum is facing resistance above USD 1,750, XRP is struggling to gain pace above USD 0.35.
  • GLM rallied over 40%, and NEAR and SOL are gaining bullish momentum.

Bitcoin price gained pace and settled above the USD 22,000 resistance. BTC is currently (11:00 UTC) consolidating gains above USD 22,000. A clear move above USD 22,500 might start another increase in the near term.

Similarly, most major altcoins are showing positive signs. ETH might rally if it clears USD 1,750 and USD 1,775. XRP is facing resistance near USD 0.365. ADA is slowly moving higher towards the USD 0.52 resistance.

Bitcoin price

After a clear move above USD 21,200, bitcoin price was able to clear the USD 22,000 resistance. BTC gained pace for a move above the USD 22,000 level. The price is now facing resistance near the USD 22,250 level. The next major resistance is now near the USD 22,500 level, above which it could rise towards USD 23,200.

On the downside, an initial support is near the USD 21,750 level. The next major support is near the USD 21,500 zone, below which the price could start a major downside correction.

Ethereum price

Ethereum price settled above the USD 1,700 pivot level. ETH is now facing a strong selling interest above the USD 1,750 level. The next major resistance is near USD 1,775, above which the price may perhaps gain bullish momentum. In the stated case, the price could rise towards USD 1,880.

On the downside, an initial support is now near the USD 1,700 level. The next major support is USD 1,680, below which price could drop towards USD 1,650.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is showing a lot of positive signs above the USD 0.50 resistance. The next major resistance sits at USD 0.52, above which the price could start a strong increase in the near term.

BNB is moving higher and approaching the USD 298 level. The main hurdle sits at USD 300. A close above the USD 300 level could set the pace for a move towards the USD 312 and USD 320 levels.

Solana (SOL) is gaining pace above the USD 36.50 resistance. The price is up 10% and is approaching the USD 38 resistance zone. Any more gains might send the price towards the USD 40 level.

DOGE is showing positive signs above the USD 0.0635 resistance. The next major resistance sits near the USD 0.0650 level, above which the price may perhaps climb higher towards the USD 0.0688 resistance zone.

XRP price is consolidating above the USD 0.35 level. The price is now approaching the USD 0.362 level. A clear move might send the price towards the USD 0.38 level.

Other altcoins market today

Many altcoins are in the green zone, including GLM, NEAR, SOL, AVAX, UNI, XEC, FTM, GT, CAKE, XEM, FIL, KSM, and RVN. Out of these, GLM rallied over 40% and cleared the USD 0.40 level.

To sum up, bitcoin price is consolidating above the USD 22,000 level. BTC might correct a few points, but it could rise further higher towards USD 23,200 in the coming sessions.

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