Bitcoin and Ethereum Inch Higher, ADA and DOGE Rally

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  • Bitcoin price is testing USD 43,000 again.
  • Ethereum is back above USD 3,000, XRP is still below the USD 0.85 resistance.
  • DOGE and ADA gained over 11%.

Bitcoin price started a fresh increase above the USD 42,500 resistance zone and briefly traded above the USD 43,000 level. It is currently (04:26 UTC) trading near USD 42,850 and is up 2% in a day.

Similarly, most major altcoins are gaining momentum. ETH remained strong above USD 2,900 and climbed above the USD 3,000 resistance. XRP must clear USD 0.85 to start a fresh increase. ADA gained 13% and surpassed the USD 1.05 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a downside correction, bitcoin price found support near the USD 42,000 zone and is now attempting an upside break above the USD 43,000 resistance zone. The next major resistance is near the USD 43,200 level, above which the price could even attempt a move above the USD 43,500 barrier.

If there is another downside correction, the price might find bids near the USD 42,500 level. The next major support is near USD 42,000, below which the price might gain bearish momentum. 

Ethereum price

Ethereum price remained stable above the USD 2,900 level. ETH is now up almost 3% in a day as there was a move above the USD 3,000 resistance. The next key resistance might be near the USD 3,080 level, above which the price could even clear USD 3,080.

If there is a fresh decline, it could find bids near USD 2,950. The next major support is near the USD 2,920 level, below which the price might visit the USD 2,850 support zone.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained pace above the USD 1.00 resistance zone. It even climbed above the USD 1.05 and USD 1.08 levels. If the price settles above USD 1.12, there could be a steady upward move.

BNB is moving higher above the USD 405 level. An immediate hurdle could be near the USD 412 level. A close above USD 412 might send the price towards the USD 420 level.

Solana (SOL) is up almost 6% and is trading near the USD 95 resistance level. If the bulls remain in action, they might attempt an upside break above USD 100. If they fail, the price might decline to USD 88.

DOGE started a strong increase above the USD 0.125 resistance. It gained over 12% and there was a move above the USD 0.132 resistance. The next key resistance on the upside might be USD 0.142.

XRP price is still consolidating below the USD 0.85 resistance. If there is a successful break and close above USD 0.85, the price might accelerate higher towards the USD 0.92 level.

Other altcoins market today

Many altcoins are up over 5%, including SHIB, CRO, NEAR, MANA, SAND, APE, AXS, ZEC, GRT, ONE, GALA, LRC, ENJ, CHZ, and MINA. Out of these, AXS and APE gained around 17%, while LRC is up almost 32% in a day. However, LRC keeps trending now from USD 1.20, reached yesterday, and is now trading near USD 1.10.

Overall, bitcoin price is gaining pace above the USD 42,500 level. If BTC settles above USD 43,000, it could even accelerate higher above the USD 43,500 level in the near term.

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