Bitcoin and Ethereum Consolidate Gains, DOGE’s Rally on Pause

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  • Bit­coin price is con­sol­i­dat­ing gains above USD 40,000.
  • Ethereum is stuck near USD 3,000, XRP is still below USD 0.70.
  • DOGE fluc­tu­ates around USD 0.16.

Bit­coin price start­ed a steady increase and climbed above USD 40,000. BTC is cur­rent­ly (11:47 UTC) con­sol­i­dat­ing gains near USD 40,500 and is up 4% in a day and down less than 1% in a week. A clear move above USD 40,700 might set the pace for a fresh increase. 

Sim­i­lar­ly, most major alt­coins are con­sol­i­dat­ing gains. ETH is trad­ing in a range near the USD 3,000 lev­el and is up more than 5% in a day and down 2% in a week. XRP could start a steady increase if it set­tles above USD 0.70. ADA is eye­ing an upside break above the USD 0.90 resis­tance zone.

Total mar­ket capitalization

Source: tradingview.com

Bitcoin price

After a clear move above USD 40,000, bit­coin price extend­ed increase. BTC even climbed above USD 40,500, but faced sell­ers near USD 40,750. It is now con­sol­i­dat­ing gains, with a key hur­dle near USD 40,700. The next major resis­tance on the upside might be USD 41,200, above which the price may per­haps start a fresh increase.

If there is a bear­ish reac­tion, the price might trade below the USD 40,000 lev­el. The next major sup­port is near USD 39,500, where the bulls might take a stand.

Ethereum price

Ethereum price also gained pace above the USD 2,950 resis­tance. ETH even climbed above the USD 3,000 piv­ot lev­el and is cur­rent­ly con­sol­i­dat­ing gains. An imme­di­ate resis­tance is near USD 3,020, fol­lowed by USD 3,030. The next major resis­tance is near the USD 3,080 level.

If there is a down­side cor­rec­tion, the price might find sup­port near the USD 2,975 lev­el. The next major sup­port is near the USD 2,950 lev­el, below which the price could test USD 2,880. 

ADA, BNB, SOL, DOGE, and XRP price

Car­dano (ADA) is up almost 4.5% and is trad­ing near the USD 0.88 resis­tance. The main bar­ri­er is near the USD 0.90 lev­el. A close above USD 0.90 could set the pace for a larg­er increase.

BNB is con­sol­i­dat­ing gains near the USD 400 lev­el. An imme­di­ate resis­tance is near the USD 405 lev­el. The first major resis­tance is near the USD 412 lev­el, above which the price could test USD 420.

Solana (SOL) is show­ing pos­i­tive signs near the USD 100 lev­el. The first key resis­tance is USD 105, above which the price might test USD 110. If not, it could cor­rect low­er towards USD 92.

DOGE extend­ed its surge above the USD 0.155 resis­tance, becom­ing the best per­form­ing coin among the top 100 cryp­toas­sets by mar­ket cap­i­tal­iza­tion today. It gained 16% in a day and set­tled near the USD 0.160 lev­el after reach­ing almost USD 0.168 on Mon­day. Any more gains may per­haps send the price towards the USD 0.170 lev­el again.

XRP price is strug­gling to rise towards the USD 0.70 resis­tance. To start a steady increase, the price must set­tle above USD 0.70. On the down­side, the USD 0.65 lev­el is a decent support.

Other altcoins market today

Many alt­coins are up over 5%, includ­ing LUNA, AVAX, SHIB, GRT, NEAR, ATOM, LINK, BCH, UNI, APE, ALGO, XLM, XMR, ICP, and VET. Out of these, GRT gained 15% and climbed above USD 0.39.

To sum up, bit­coin price seems to be trad­ing in a range above the USD 40,000 piv­ot lev­el. If BTC gains pace for a move above USD 40,700 and USD 41,200, it could rise towards USD 42,500 or even USD 43,200.

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