Cryptonews Bitcoin News

Bitcoin Price and Ethereum Hold Strong, HNT and SNX Rally

ADA

Altcoins BNB btc DOGE ETH

Author

Aayush Jindal

Author

Aayush Jindal

Author Profile

Last updated:

June 25, 2023

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Bitcoin price remained well bid above the $18,500 support.
Ethereum held the key $1,255 support, XRP is facing resistance near $0.45.
HNT and SNX rallied over 10%.

Bitcoin price remained strong above the $18,500 support zone. BTC formed a base and started a fresh increase above $19,000. It is currently (03:10 UTC) consolidating above the $19,200 level and eyes more upsides.

Similarly, most major altcoins recovered losses. ETH found support near $1,255 and recovered above $1,320. XRP is eyeing an upside break above the $0.45 resistance zone. ADA is stuck near the $0.435 level.

Bitcoin price

After a strong decline, bitcoin price found support near $18,500. The hourly chart clearly suggests that the bulls defended the $18,500 support zone on many occasions. BTC started a steady recovery wave above the $19,000 level and the 50-hour simple moving average. The price is now facing resistance near the $19,700 zone. The next major resistance is near $20,000, above which the price might revisit the $20,350 zone.

On the downside, an initial support is near the $19,260 level. The next major support is near the $19,000 zone, below which the price could slide to $18,500.

Ethereum price

Ethereum price spiked below the $1,265 support zone, but the bulls were active near the $1,255 level. ETH started a fresh increase and was able to clear the $1,300 level. It even surpassed the $1,320 level and the 50-hour simple moving average. On the upside, the price is facing resistance near the $1,350 level. The next major resistance is near the $1,370 level, above which the price could visit the $1,400 resistance.

On the downside, an initial support is near the $1,305 level. The next major support is $1,255, below which price could gain bearish momentum.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) found support near the $0.425 level. The price is now consolidating near the $0.435 level and seems to be aiming a fresh increase towards the $0.45 resistance zone.

BNB is up 5% and there was a clear move above the $282 level. The next major resistance is near the $288 level, above which the price could even surpass $295 and test the $300 resistance.

Solana (SOL) is attempting a fresh increase above the $33.50 resistance. If the bulls succeed, there could be a move towards the $35 resistance. If not, it might slide and retest the $31.50 level.

DOGE reclaimed the $0.0600 level. It is now consolidating and might aim a fresh move towards the $0.062 level. Any more gains might send the price to $0.0632.

XRP price spiked below the $0.42 support before it found support. It is now rising and trading above $0.44. The bulls might soon aim a fresh move above the $0.45 resistance.

Other altcoins market today

Many altcoins are slowly moving higher, including HNT, SNX, LRC, CAKE, KSM, CRV, ENS, ALGO, LUNC, FTT, and FIL. Out of these, HNT rallied over 12% and cleared the $5.15 level.

Overall, bitcoin price stayed above the key $18,500 support. If BTC clears the $20,000 barrier, it could rise towards the $20,500 level or even $21,200.

_____