Bitcoin and Ethereum Inch Higher, ETH and QNT Accelerate
- Bitcoin moved above USD 44,500.
- Ethereum surpassed USD 3,150, XRP is still below the USD 0.85 resistance.
- ETC and QNT jumped 14% and 16%, respectively.
Bitcoin price remained in a positive zone above the USD 43,500 resistance zone and is still moving higher above USD 44,000. It is currently (11:54 UTC) showing positive signs above USD 44,500 and might keep moving towards USD 45,000.
Similarly, most major altcoins are also showing positive signs. ETH might soon jump to USD 3,200, while XRP keeps struggling below USD 0.85. ADA is consolidating near the USD 0.12 support zone.
Total market capitalization
Bitcoin price
Recently, bitcoin price saw a steady increase above the USD 43,500 resistance zone and it even cleared the USD 44,000 resistance zone. If the bulls succeed to keep the price above the USD 44,500 level, BTC might accelerate towards USD 45,000. The next major resistance is near the USD 46,500 level, where the bears might emerge.
On the downside, the price might find support near the USD 43,800 level. The next major support is near USD 43,500, below which the price might gain bearish momentum.
Ethereum price
Ethereum price was able to surpass the USD 3,080 resistance. ETH even climbed above the USD 3,170 level, increasing chances to accelerate towards USD 3,220.
If there is a downside correction, the price might find bids near USD 3,080. The next major support is near the USD 3,050 level, below which the price might test the USD 3,000 support zone.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) started a downside correction after it failed to clear the USD 1.20 level. It is now trading near the USD 1.12 support. Any more losses might call for a test of the USD 1.08 support.
BNB is moving higher towards the key resistance level near USD 420, above which the price might rise towards the USD 432 level. On the downside, the USD 400 level might provide support.
Solana (SOL) settled above the USD 100 pivot level. The next key resistance is near the USD 105 level, above which the price could accelerate above USD 112. In this case, it might test USD 120.
DOGE started a downside correction, tested USD 0.135, and is now down 2% in a day. If there are additional losses, the price might test the USD 0.132 support. On the upside, the bears could attempt to protect USD 0.142.
XRP price is still consolidating below the USD 0.85 resistance. A successful break and close above USD 0.85 could start a stronger increase in the coming sessions.
Other altcoins market today
Several altcoins are up over 5%, including UNI, FTT, ETC, ALGO, AXS, RUNE, ZEC, AAVE, QNT, and CVX. Out of these, QNT gained over 16% and cleared the USD 145 level, increasing its weekly gains to 24%. ETC jumped 14% in a day, 75% in a week, and neared USD 50.
To sum up, bitcoin price is moving higher towards USD 45,000. If the bulls remain in action, BTC could even rise towards USD 46,500 in the coming sessions.
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