- Bitcoin price is gaining pace above USD 23,200.
- Ethereum climbed above USD 1,650, XRP above USD 0.372.
- APE and SNX are up over 11%.
Bitcoin price started a fresh increase above the USD 23,200 resistance zone and it is currently (11:20 UTC) trading near USD 23,400. BTC is up 2% in a day and 10% in a week.
Similarly, most major altcoins are also moving higher. ETH scaled above the USD 1,620 and USD 1,650 resistance levels. XRP could rise towards USD 0.388. ADA is targeting a break above the USD 0.52 resistance.
Total Market Cap
Source: coincodex.com
bitcoin price
After approaching the USD 22,500 support zone, bitcoin price started a steady increase. BTC surpassed the USD 23,200 level and it could continue higher. A close above $23,500 could see the price rally to $24,000. The next major resistance could be USD 24,200, above which BTC could start a strong rise.
If there is another failure, the price could test the USD 23,000 support. The next major support is near the USD 22,500 zone, below which BTC could test USD 22,000.
Ethereum price
Ethereum price is gaining momentum above the USD 1,620 resistance. ETH is up over 4% and it is trading above the USD 1,650 resistance. The price has also increased by 15% in one week. On the upside, ETH might face resistance near USD 1,680. The next key resistance is near USD 1,720, above which the price might aim a move towards USD 1,800.
On the downside, initial support is near the USD 1,620 level. The next major support is near the USD 1,600 zone, below which the price could reach USD 1,550 again.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) formed a base above the USD 0.50 level. The price is moving higher towards the USD 0.52 resistance. Further gains could propel the price towards USD 0.535.
BNB is up 3% and there was a move above the USD 290 level. It seems like the price may soon test the $300 level, above which BNB could rally.
Solana (SOL) is still struggling below the $40 level. To start a fresh increase, SOL needs to settle above the USD 40 and USD 40.50 levels. If not, it could test 37 USD. (Learn more: SOL drops as thousands of wallets were attacked on Solana, millions in USD stolen)
DOGE found strong bids near the USD 0.0650 support zone. The price is recovering and it might soon test the USD 0.0680 level. Any further gains could propel the price towards the USD 0.070 level.
XRP price is moving higher towards USD 0.375. The next major resistance stands at $0.388, above which the bulls could test $0.40.
Different altcoins market today
Many altcoins are showing positive signs, including MATIC, UNI, AVAX, ETC, LINK, NEAR, APE, VET, ICP, and AAVE. SNX and APE surged over 11% to hit $3.90 and $7.19, expanding weekly gains up 32% and 27%, respectively.
To sum up, bitcoin price is floating above USD 23,200. If BTC settles above USD 23,500, it could even clear the USD 24,000 resistance in the near term.
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