26 Aug 2022 · 2 min read

Bitcoin and Ethereum Stuck Below Resistance, TFUEL Surges

  • Bitcoin price is struggling to clear the USD 22,000 resistance.
  • Ethereum is facing a hurdle near USD 1,720, XRP is still struggling near USD 0.35.
  • TFUEL rallied over 25%, and DCR is gaining bullish momentum.

Bitcoin price formed a base above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) consolidating and facing a strong resistance near the USD 22,000 zone.

Similarly, most major altcoins are struggling to gain bullish momentum. ETH spiked higher but struggled near the USD 1,720 resistance zone. XRP is facing a barrier near the USD 0.35 resistance. ADA could gain pace if it clears the USD 0.475 resistance.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After a steady move, the bitcoin price was able to clear the USD 21,500 resistance zone. BTC even climbed above the USD 21,650 resistance. However, the bulls struggled to gain strength, and the price remained well below the USD 22,000 resistance zone. To continue higher, the price must clear the USD 22,000 resistance zone. The next resistance is near the USD 22,500 level, above which the price might test USD 23,200.

On the downside, an initial support is now near the USD 21,400 level. The next key support sits near the USD 21,000 zone, below which the price could start another decline.

Ethereum price

Ethereum price also gained strength above the USD 1,650 level. ETH climbed above the USD 1,680 and USD 1,700 levels. However, the bears remain active near the USD 1,720 resistance zone. The next key resistance is near the USD 1,750 level, above which the price could rise towards the USD 1,800 resistance zone.

If there is another decline, the price might find buyers near the USD 1,650 support zone. The next major support is USD 1,600, below which price could start another decline.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is consolidating above the USD 0.45 zone. The price is struggling to clear the USD 0.475 resistance zone. If the bulls succeed, the price might rise towards the USD 0.50 resistance.

BNB is consolidating near the USD 300 pivot zone. An immediate resistance is near USD 305. The next major resistance on the upside sits at USD 312, above which the price could test USD 320.

Solana (SOL) struggled to clear the USD 36.50 level. It is now consolidating near the USD 35 level. If there is a downside break, the price may revisit the USD 33.50 support.

DOGE failed to clear the USD 0.0720 resistance. There was a downside correction below USD 0.0700. If there are more downsides, the bears might aim for a move towards the USD 0.0665 level.

XRP price is stuck below the USD 0.35 resistance zone. If the bulls continue to struggle, there might be a bearish reaction towards the USD 0.32 level.

Other altcoins market today

A few altcoins are rising, including SHIB, ETC, CRO, XMR, EOS, EGLD, THETA, DCR, SNX, and TFUEL. Out of these, TFUEL rallied over 25% and broke the USD 0.072 level.

Overall, the bitcoin price is struggling to gain pace above the USD 21,650 level. If BTC stays below USD 22,000, there might be a fresh decline towards USD 20,500.

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