Bitcoin and Ethereum Stuck in a Range Again, ETC and FLOW Jump
- Bitcoin price is still struggling below USD 45,000.
- Ethereum failed to stay above USD 3,250, XRP is facing a major hurdle near USD 0.92.
- FLOW rallied over 12%, and ETC is up 11%.
Bitcoin price attempted a fresh rally above USD 44,500, but there was no upside continuation. It is currently (04:18 UTC) trading in a key range near USD 43,900.
Similarly, most major altcoins are also trading in a range. ETH is stuck between USD 3,050 and USD 3,250. XRP is facing a strong resistance near USD 0.90 and USD 0.92. ADA is consolidating above USD 1.15.
Total market capitalization
After a short-term decline, bitcoin price found support near USD 42,750. BTC is now recovering and trading near USD 43,900. On the upside, an initial resistance is near USD 44,000. The next major resistance is near the USD 44,500 level, above which the bulls might aim for a clear move to USD 45,500.
On the downside, an immediate support is near the USD 43,200 level. The next key support is near the USD 42,750 level, below which the price might decline to USD 42,000.
Ethereum price gained pace above the USD 3,200 level. ETH even spiked above the USD 3,250 level, but there was no upside continuation and the price dropped below USD 3,200. The next major support is near USD 3,120, below which the price could retest USD 3,050.
If there is another increase, the price might face resistance near USD 3,250. The next key resistance could be near the USD 3,350 zone or USD 3,420.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is rising and trading above USD 1.175. An immediate resistance is near USD 0.188. The main resistance is still USD 1.20, above which the bulls might gain strength.
Binance coin (BNB) is still trading below USD 420. If the bears remain in action, it could test USD 405. The main breakdown support is still USD 400, below which there is a risk of a larger decline.
Solana (SOL) is stuck in a range near the USD 110 level. The next key support is near USD 105. If there is a fresh increase, the bulls need to clear the USD 120 level for upside continuation in the near term.
DOGE is holding gains near the USD 0.150 level. It is now facing resistance near the USD 0.168 and USD 0.175 levels. A clear upside break could send the price towards the USD 0.200 level in the near term.
XRP price made another attempt to clear the USD 0.920 resistance but failed. There was a downside correction, but the price remained well supported near USD 0.85. If there are no additional losses, the price might attempt another increase to USD 1.00.
Other altcoins market today
A few altcoins are up over 5%, including CRO, ETC, EGLD, HNT, FLOW, STX, NEO, KDA, CHZ, AR, WAVES, and SCRT. Out of these, ETC was able to climb above the USD 35 resistance level and is now up almost 11% in a day and more than 34% in a week. Meanwhile, FLOW jumped 12%, surpassed the USD 8 level, and increased its weekly gains to 31%.
Overall, bitcoin price is stable above USD 43,000 and USD 42,750. If BTC settles above USD 44,000, it could start a stronger increase in the coming sessions.