Bitcoin and Ethereum on Pause, SOL and ZIL Surge
- Bitcoin price is hovering above USD 47,000.
- Ethereum is still near USD 3,400, XRP is still below USD 0.90.
- SOL and UNI rallied over 9%, ZIL jumped 67%.
Bitcoin price is consolidating below the USD 48,000 resistance zone. BTC bulls seem to be protecting losses below USD 46,500. It is currently (04:24 UTC) consolidating just above USD 47,000 and is almost unchanged in a day.
Meanwhile, ETH must clear USD 3,450 to gain bullish momentum. XRP is still trading well below the USD 0.90 resistance. ADA is stuck near the USD 1.20 support zone.
Total market capitalization
After retesting the USD 46,500 support zone, bitcoin price recovered. BTC climbed above the USD 47,000 pivot level. On the upside, the price faces resistance near the USD 47,500 level. The next major resistance is near the USD 47,880 level, above which the price could surpass USD 48,000. A close above the USD 48,000 and USD 48,200 levels could set the pace for a larger increase.
If not, the price might decline below USD 46,800. The next major support is near USD 46,500, below which the price might test USD 46,000.
Ethereum price is holding the USD 3,350 support zone. ETH is now consolidating near the USD 3,400 level. On the upside, the price might struggle near USD 3,440. The next key resistance might be near the USD 3,450 level, above which the price could gain bullish momentum.
On the downside, the price might find support near the USD 3,350 level. The next major support is near the USD 3,300 level, below which the bears could gain strength.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) spiked below the USD 1.18 support level. It tested the USD 0.165 support zone and recovered losses. The price is now stuck near the USD 1.20 pivot level.
BNB is up 3% and trading above the USD 440 level. It broke the USD 442 resistance and may possibly clear the USD 450 resistance. If the bulls succeed, the price could rise towards USD 465.
Solana (SOL) gained over 9% and there was a clear move above the USD 120 resistance. The bulls are in action, and it seems like they are aiming for a test of the USD 132 level in the near term.
DOGE is consolidating below the USD 0.150 resistance zone. A clear break and close above the USD 0.150 could start a steady increase. The next key resistance is USD 0.155, followed by USD 0.162.
XRP price is consolidating near the USD 0.865 level. An immediate resistance is USD 0.88. The main breakout zone is still USD 0.90, above which the price could rise steadily.
Other altcoins market today
Many altcoins are up over 5%, including AVAX, UNI, TRX, ALGO, VET, SAND, THETA, APE, HNT, ZIL, CAKE, and GRT. Out of these, ZIL surged 67% and cleared the USD 0.195 level, increasing its weekly gains to 320%. UNI jumped 10% and cleared the USD 12 level.
Overall, bitcoin price is consolidating below the USD 48,000 resistance. If BTC clears the USD 48,000 hurdle, it could start a stronger increase. Conversely, there might be a downside extension towards the USD 45,500 level.