Bitcoin Tests USD 44K, Ethereum Extends Gains, SOL and AXS Rally

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  • Bitcoin price extended gains above the USD 43,500 resistance.
  • Ethereum surpassed USD 3,080, XRP is still struggling to clear the USD 0.85 resistance.
  • SOL gained 9% and cleared the USD 100 resistance, AXS jumped 20%.

Bitcoin price started a fresh increase above the USD 43,350 resistance zone and even traded above the USD 44,200 level. It is currently (04:16 UTC) consolidating gains above USD 43,900 and eyeing an upside break above USD 44,350.

Similarly, most major altcoins are trading in a positive zone. ETH was able to clear the USD 3,080 resistance zone. XRP is still facing a strong selling interest near USD 0.85. ADA rallied close to USD 1.20 before correcting lower.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a minor decline, bitcoin price started a fresh increase above the USD 43,000 level and climbed above the USD 44,200 level before it faced resistance. The price is now consolidating near USD 44,000 and is up almost 3% in a day. An immediate resistance is near the USD 44,200 level. The next major resistance is near the USD 44,350 level, above which the price could attempt a move above the USD 44,500 resistance.

If there is another downside correction, the price might find support near the USD 43,500 level. The next major support is near USD 43,000, below which BTC might test USD 42,500.

Ethereum price

Ethereum price also gained pace above the USD 3,000 resistance, cleared the USD 3,120 level, and is now up almost 4% in a day. The next key resistance might be near the USD 3,150 level, above which the price could rise to USD 3,220.

If there is a fresh decline, the bulls might remain active near USD 3,050. The next major support is near the USD 3,000 level, below which the price might test the USD 2,950 support zone.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained pace above the USD 1.12 resistance zone. It even climbed above USD 1.15, but there was no test of the USD 1.20 resistance. It is now consolidating near the USD 1.12 level.

BNB cleared the USD 412 resistance level and is now approaching USD 415. The next key resistance is near the USD 420 level. A close above USD 420 might send the price towards the USD 432 level.

Solana (SOL) is up 9% as the bulls were able to push the price above USD 100. The next key resistance is near the USD 105 level, above which it could rise towards USD 112. SOL is now up 17% in a week.

DOGE started a strong increase above the USD 0.132 resistance. The price even spiked above the USD 0.140 level before erasing its gains. It is now consolidating gains above the USD 0.132 support and is almost unchanged in a day.

XRP price is still struggling below the USD 0.85 resistance. A successful break and close above USD 0.85 is a must for a steady increase. On the downside, the USD 0.80 level is a major support.

Other altcoins market today

Several altcoins are up over 5%, including MATIC, ATOM, UNI, FTT, ETC, ALGO, AXS, ICP, ZEC, and BTT. Out of these, AXS gained almost 20% and cleared the USD 70 level, increasing its weekly gains to 41%.

Overall, bitcoin is trading in a positive zone above the USD 43,500 level. If BTC settles above USD 44,200, it could try clearing the USD 45,000 resistance in the nearest term.

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