Dogecoin Leads Market While Bitcoin, Ethereum Keep Their Uptrend
Bitcoin price gained bullish momentum and traded to a new all-time high near USD 64,900. Ethereum climbed further and tested USD 2,400, XRP spiked towards USD 2 before correcting lower. DOGE extended its rally above USD 0.14, IOST gained over 50%.
Bitcoin price remained in a bullish zone above the USD 62,000 level. BTC climbed further above the USD 64,000 and USD 64,200 levels. It traded to a new all-time high near USD 64,900 and it is currently (12:30 PM UTC) correcting lower.
Similarly, most major altcoins are showing positive signs. ETH gained pace and it even broke the USD 2,400 level. XRP extended its rally above USD 1.90 and traded close to USD 1.965.
Total market capitalization
There was a steady increase in bitcoin price above the USD 62,000 level. BTC cleared the USD 63,000 and USD 64,000 levels. It traded close to USD 65,000 before correcting lower. An initial support on the downside is near the USD 64,100 and USD 64,000 levels. The main support is now forming near the USD 63,200 level.
On the upside, the USD 65,000 level is a major hurdle for the bulls. A successful close above USD 65,000 might push the price further higher towards USD 66,000.
Ethereum price performed well and cleared the USD 2,350 level. ETH traded to a new all-time high just above the USD 2,400 level. It is now consolidating gains and it might correct lower towards the USD 2,350 level.
The next major support is near the USD 2,320 level. On the upside, the price is facing hurdles near USD 2,400, above which the price might surge towards the USD 2,450 level.
BNB, ADA, litecoin, and XRP price
Binance Coin (BNB) is moving higher and trading above the USD 565 level. An immediate resistance is near the USD 580 level. If there is a close above USD 580, the price might rise towards the USD 600 level. On the downside, the bulls might remain active near USD 550.
Cardano (ADA) gained pace and it spiked above the USD 1.50 level. ADA tested USD 1.55 before correcting lower. The price is now consolidating gains and it might correct lower towards USD 1.432. The next major support is near the USD 1.400 level. On the upside, the price might gain pace if there is a close above USD 1.50.
Litecoin (LTC) is trading above the USD 270 level. On the upside, LTC is facing a minor hurdle near the USD 275 level. The main resistance is near the USD 280 level. If there is a dip, it could find bids near USD 250.
XRP price rallied further above the USD 1.80 and USD 1.85 levels. It even spiked above USD 1.95 before correcting lower. On the downside, the USD 1.75 and USD 1.72 levels are decent support zones.
Other altcoins market today
Several altcoins rallied over 15%, including DOGE, IOST, SC, VET, RUNE, RVN, DGB, EOS, and HBAR. Out of these, DOGE rallied over 80% and it broke the USD 0.14 level. It’s the best performing token among the top 100 coins by market capitalization today.
To sum up, bitcoin price extended its upward move above USD 64,000. BTC remains in an uptrend and it could rise further above the USD 65,000 level in the near term. However, its next move might also depend on the success of the Coinbase listing today.