Bitcoin Price and Ethereum Recover, Altcoins Reverse Most Losses

Please fol­low and like us:
Pin Share

  • Bit­coin price start­ed a recov­ery wave and climbed above $19,000.
  • Ethereum was able to cor­rect high­er above $1,350, XRP ral­lied over 10%.
  • HNT, APE, and ALGO surged over 10%.

Bit­coin price trad­ed to a new month­ly low near $18,250 before it start­ed an upside cor­rec­tion. BTC is cur­rent­ly (03:10 UTC) trad­ing above $19,200. The price must set­tle above $19,500 and $19,620 to con­tin­ue higher.

Sim­i­lar­ly, most major alt­coins start­ed a decent upside cor­rec­tion. ETH recov­ered above the $1,350 resis­tance zone. XRP out­per­formed with a strong move above the $0.365 resis­tance. ADA is con­sol­i­dat­ing near the $0.45 zone.

Bitcoin price

After a brief spike below $18,500, bit­coin price found sup­port. BTC formed a base near the $18,250 lev­el and start­ed an upside cor­rec­tion above the 50-hour sim­ple mov­ing aver­age. There was a decent upward move above the $19,000 and $19,200 lev­els. The price is now fac­ing a strong resis­tance near the $19,500 and $19,620 lev­els. If there are more gains, the price might rise towards the $20,200 resis­tance zone.

On the down­side, an ini­tial sup­port is near the $19,350 lev­el and the 50-hour sim­ple mov­ing aver­age. The next major sup­port is near the $18,870 zone, below which the price could even test the $18,250 sup­port zone.

Ethereum price

Ethereum price found sup­port near the $1,275 lev­el. ETH start­ed an upside cor­rec­tion above the $1,300 and $1,320 resis­tance lev­els. There was a move above a con­nect­ing bear­ish trend line on the hourly chart at $1,350. The price is now strug­gling to set­tle above the $1,380 lev­el and the 50-hour sim­ple mov­ing aver­age. The next major resis­tance is now form­ing near the $1,410 level.

If there is a fresh decline, the price might slide below the $1,355 sup­port. The next major sup­port is $1,320, below which price could revis­it $1,275.

ADA, BNB, SOL, DOGE, and XRP price

Car­dano (ADA) is cur­rent­ly con­sol­i­dat­ing near the $0.450 zone. If the price set­tles above $0.450 and $0.455, it could start a decent recov­ery wave.

BNB remained well bid above the $250 sup­port. The price is now ris­ing and trad­ing above the $265 lev­el. If the bulls remain in action, the price may per­haps test the $275 resis­tance in the near term.

Solana (SOL) is slow­ly mov­ing high­er above the $31.20 lev­el. It might soon test the $32.50 resis­tance. Any more gains might open the doors for a move towards the $33.20 level.

DOGE trad­ed close to the $0.0550 lev­el. It is now recov­er­ing loss­es and trad­ing above $0.0575. On the upside, the main break­out resis­tance is now near $0.0600.

XRP price is up over 10% and there was a decent increase above the $0.365 resis­tance. The price may per­haps attempt a fresh move towards the $0.395 and $0.400 levels.

Other altcoins market today

Many alt­coins are up over 6%, includ­ing HNT, APE, ALGO, USTC, LDO, CEL, LUNC, COMP, 1INCH, KAVA, and CVX. Out of these, HNT ral­lied over 15% and cleared the $4.75 level.

Over­all, bit­coin price is attempt­ing a recov­ery wave above the $19,200 lev­el. How­ev­er, BTC must clear $19,500 and $19,620 to con­tin­ue higher.


Find the best price to buy/sell cryptocurrency:

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.