Bitcoin, Ethereum and Altcoins are Rising (ADA, DOGE, SOL, XRP)

  • Bitcoin price rose 5% and crossed $31,000.
  • Ethereum price rose to $1900, XRP is testing $0.40.
  • Both SOL and ADA are up more than 9%.

The Bitcoin price It stayed near the $29,500 level and then started a recovery above the $30,500 resistance. It even crossed $31,000 and is currently (04:10 UTC) targeting further gains above the $31,200 resistance area. BTC increased by 5% in 24 hours and by 6% in one week.

On the other hand, most of the major cryptocurrencies rose. ETH is up 5% and is approaching the resistance at $1,920. XRP may rise towards the $0.425 resistance. As for the ADA, it is once again above the $0.60 resistance.

Total market value

Source: tradingview.com

Bitcoin price

After forming a base near the $29,500 level, bitcoin price started a wave of recovery. Bitcoin even broke above the $31,000 level. However, the bears seem to be protecting more gains above the $31,200 level. The next major resistance is near $32,000, above which the price may start to rise even more.

On the downside, first support can be found near the $30,500 level. The main weekly support remains near the $29,500 area, below which the price may start a sharper decline.

Ethereum price

The Ethereum price It managed to recoup its losses and break above the resistance at $1,850. It is now approaching the $1900 level and is up 5% in one day and almost 4% in one week. The major resistance is still standing near $1,920, above which the price could start a stronger rally. The next major resistance was found at $2000. On the downside, first support can be found near the $1,850 level. The next major support is near $1,770, below which the price could drop sharply.

ADA, BNB, SOL, DOGE and XRP price

  • The Cardano (ADA) is gaining ground above the $0.58 resistance. It jumped about 11% and broke the $0.60 resistance level. if bulls It remains in the works, and it might even break above the $0.62 resistance area.
  • The BNB It keeps its gains above the $300 level. There is immediate resistance near the $312 level. The next major resistance was found at $320, and above it the price may be able to rise towards the $335 resistance area.
  • The Solana (SOL) is back above the $40 level and is up almost 10% in one day. It is facing resistance near the $42 level. A close above $42 may start a continued rally towards the $45 level in the near term.
  • The dog It is rising and is trading above the $0.0820 level. On the upside, the price may encounter resistance near the $0.085 region. The next resistance is located at $0.088.
  • price XRP It returned above the $0.40 resistance area. An immediate resistance can be found near the $0.42 level, and above it the price could rise towards the $0.45 resistance.

Other Cryptocurrency Market Today

Many altcoins are showing positive signs, including DOT, TRX, AVAX, LEO, MATIC, LTC, NEAR, LINK, UNI, ALGO, ATOM And the Hbar. Furthermore, THETA has increased in value by 13% in one day and is the best performer among the top 100 crypto assets by market cap.

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