Bitcoin and Ethereum Keep Moving Higher, SOL and DOT Accelerate
- Bitcoin price moved above USD 47,000.
- Ethereum is targeting additional gains above USD 3,300, XRP broke the USD 0.85 resistance.
- SOL and DOT are up 10%.
Bitcoin price gained pace above the USD 46,500 resistance zone and traded above the USD 47,000 level. It is currently (12:02 PM UTC) showing positive signs near USD 47,200 and might aim for more gains.
Similarly, most major altcoins are rising steadily. ETH settled above USD 3,300 and might rise towards USD 3,500. XRP might soon attempt a move towards USD 0.90. ADA is approaching the key USD 1.20 resistance zone.
Total market capitalization
Bitcoin price
After a clear move above the USD 45,500 resistance, bitcoin price extended its increase. BTC even cleared the USD 47,000 level. Moving ahead, the bulls may soon attempt to clear the USD 47,500 resistance. If they succeed, the price might rise to USD 48,800. The next major resistance is near the USD 49,500 level, above which the price could test USD 50,000.
If there is a downside correction, the price might find support near the USD 46,800 level. The next major support is near USD 46,500, below which the price might struggle in the short term.
Ethereum price
Ethereum price settled above the USD 3,300 level to move into a positive zone. It is now consolidating near the USD 3,350 level. The next key resistance might be near the USD 3,420 level, above which the price could rise to USD 3,500.
On the downside, the price might remain supported near USD 3,300. The next major support is near the USD 3,280 level, below which the price might test the USD 3,200 support zone.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is rising and testing the USD 1.20 resistance zone, above which the price might extend gains. The next key resistance is at USD 1.225.
BNB is up 5% and is consolidating near the USD 435 resistance. The next key resistance on the upside is near the USD 450 level, above which the price could rise towards the USD 465 level.
Solana (SOL) is up 10% and there was a clear move above the USD 108 level. The next key resistance is near the USD 112 level, above which it could rise towards USD 120. On the downside, the USD 100 level might act as a strong base.
DOGE cleared the USD 0.142 resistance and is approaching the USD 0.150 resistance level, above which DOGE could accelerate higher towards the USD 0.165 level.
XRP price is consolidating near the USD 0.86 resistance. The next major resistance is near the USD 0.90 level, above which the price might surge to USD 1.0. If not, it could decline to USD 0.82.
Other altcoins market today
Many altcoins are up over 5%, including LUNA, AVAX, DOT, CRO, LTC, ATOM, LINK, UNI, BCH, TRX, LEO, and VET. Out of these, DOT jumped 10% and reached USD 23, while VET gained 18% and cleared the USD 0.076 level.
To sum up, bitcoin is moving higher toward the USD 47,500 resistance level. If the bulls are able to clear this level, BTC might accelerate toward the USD 50,000 level.
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