27 Dec 2021 · 2 min read

Bitcoin and Ethereum Target Additional Gains, Altcoins Rally

  • Bitcoin price is showing positive signs near USD 51,000.
  • Ethereum targets USD 4,120, XRP is consolidating near USD 0.92.
  • UNI, THETA, and KDA are up 12%-20%.

Bitcoin price corrected lower from the USD 51,500 zone. BTC tested the USD 50,000 zone and is currently (04:56 UTC) trading around USD 51,000 again. A clear move above USD 51,500 may possibly push the price towards the USD 53,000 level.

Similarly, most major altcoins are also rising. ETH could accelerate if there is a clear move above the USD 4,120 level. XRP is now trading well below the USD 1.00 resistance zone. ADA might gain pace for a move towards the USD 1.50 level.

Total market capitalization

Source: tradingview.com

 

Bitcoin price

After a minor downside correction, bitcoin price formed a base above the USD 50,000 level. BTC started a fresh increase above the USD 50,500 and USD 50,800 levels. It is facing resistance near the USD 51,200 level. The next resistance is near the USD 51,500 zone, above which the price could surge towards USD 53,500.

On the downside, an initial support is near the USD 50,500 level. The next major support is near USD 50,000. A daily close below USD 50,000 might start a stronger downside correction. 

Ethereum price

Ethereum price is trading well above the USD 4,000 pivot zone. The price is now targeting the USD 4,120 resistance. The next key resistance is near the USD 4,150 level, above which the price could test USD 4,250.

An initial support is near the USD 4,050 level. The next key support is near the USD 4,000 level, below which the price might retest USD 3,920.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) started a steady increase from the USD 1.40 support zone. It is trading above USD 1.45 and might continue to rise towards USD 1.48. The main weekly resistance is now near the USD 1.50 level.

Binance coin (BNB) is approaching the USD 550 resistance. A clear break above USD 550 might lead the price towards USD 565. If there is a downside correction, the price could decline towards the USD 532 level.

Solana (SOL) gained pace above the USD 188 resistance and is testing the USD 200 barrier. A close above the USD 200 level may possibly lift the market sentiment. If not, there could be a downside correction towards USD 188.

DOGE popped above the USD 0.180 and USD 0.185 levels. The next key resistance is near USD 0.195, above which it could rise towards USD 0.20. If not, it could correct lower towards the USD 0.172 level.

XRP price is consolidating above the USD 0.90 level. An immediate resistance is near the USD 0.950 level. The next major resistance is near USD 1.00, where the bears might take a stand. On the downside, the USD 0.90 level is a major breakdown support.

Other altcoins market today

Many altcoins are up over 10%, including VGX, KDA, THETA, FTM, ROSE, UNI, KSM, MINA, STX, ATOM, and ZIL. Out of these, KDA rallied 20% and surpassed the USD 15.00 level. Also, the price jumped 47% in a week.

Overall, bitcoin price is rising and might test USD 51,500. If BTC settles above USD 51,500, it could gain bullish momentum in the near term.

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