- Bitcoin price is still struggling to clear the USD 23,500 resistance.
- Ethereum consolidates near USD 1,700, XRP faces resistance below USD 0.380.
- BNB and SOL are the best performers among the top 10 coins today.
Bitcoin price is facing a strong resistance near USD 23,500. It is currently (03:51 UTC) trading near USD 23,300 and is up over 1% in one day and is flat in a week.
Similarly, most major altcoins are attempting a fresh surge. ETH moved above USD 1,700 and it could accelerate if it clears USD 1,740. XRP is still below USD 0.380, while ADA broke above the USD 0.52 resistance zone.
Total Market Cap
Source: Tradingview.com
bitcoin price
After a short term decline, bitcoin price remained above the USD 22,500 support zone. BTC formed a base, started a decent bullish move and settled above the USD 23,000 level. The bulls even surmounted USD 23,200, but they are facing resistance near USD 23,500. The next major resistance is still near the USD 23,800 level. A clear move above the USD 23,800 resistance zone could start a stronger rise.
On the downside, immediate support lies at USD 23,000. The next major support is near the $22,500 zone, below which the price might start a stronger decline.
Ethereum price
Ethereum price is back above the USD 1,700 level but there are many hurdles to the upside. ETH is up nearly 2% in a day and a week. Immediate resistance is near the USD 1,740 level. The next key resistance is near the USD 1,780 level, above which the price might gain bullish momentum. In that case, the price could surge to $1,880.
On the downside, initial support is near USD 1,650. The next major support is near the $1,620 zone, below which the price could continue lower.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) is moving higher and it managed to scale above the USD 0.520 resistance zone. The next key resistance is near the USD 0.535 level, above which the price could test USD 0.50.
BNB is showing positive signs above the USD 320 level. It is also trading above the USD 325 level and it could continue higher. BNB is up nearly 5% in a day and 15% in a week. If the bulls stay in action, the price could even test USD 340.
Solana (SOL) is up 5% and it is trading above the USD 41 level. An immediate resistance is near the $42 level. A clear move above the USD 42 level might send the price towards the USD 45 level.
DOGE is struggling to gain pace above the USD 0.0700 level. A close above this level could start a stronger move higher. In that case, the price might surge towards the USD 0.0720 level.
XRP price is still trading below the USD 0.380 resistance. The first major resistance is near USD 0.388, above which the price could rise towards the USD 0.40 level.
Different altcoins market today
Many altcoins are also moving higher, DOT, AVAX, LINK, NEAR, CRO, ATOM, XLM, FLOW, THETA, EGLD and QNT. Of that, FLOW rallied 11% to surpass $2.90, taking its weekly gains up 51%.
Overall, bitcoin price is still facing major resistance near USD 23,500. If BTC surpasses USD 23,500, it could gain bullish momentum.
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