Bitcoin and Ethereum Struggle, ADA and XRP Rally

Bitcoin price failed to stabilize above the $ 46,500 resistance level. BTC is correcting gains and is trading below the $ 46,000 level. Currently (03:43 UTC) it is still above $ 45,500, but there is a possibility of a downward correction.

Although most of the major altcoins are showing positive signs, ETH is facing resistance near $ 3,200. XRP gained 8% and broke the resistance at $ 0.865.

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Bitcoin price

After a failed attempt near $ 46,500, the price of bitcoin has fallen. BTC traded below $ 46,000, but the bulls are still protecting the $ 45,000 support zone. If there are more downsides, the price could test the $ 44,500 support zone. next big bearish support could be $ 43,500. On the upside, the first key resistance is near the $ 46,000 level. main resistance is still near $ 46,500, above which the bulls can strengthen.

Ethereum Price

Ethereum price is also struggling to break out of the $ 3,200 resistance zone. If ETH breaks this barrier, there may be a stronger surge. In this case, the price could move up to the $ 3,350 level. On the downside, immediate support is near the $ 3,110 level. next major support is near the $ 3,050 level, below which the price could retest the $ 3,000 test.

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ADA, LTC, DOGE and XRP price

Cardano (ADA) outperformed bitcoin, ethereum and gained 17%. ADA broke the $ 1.60 and $ 1.70 resistance levels. If the bulls remain in action, there is a possibility of a move towards the $ 1.80 level. If there is a downward correction, the price may find support near $ 1.60. Litecoin (LTC) is comfortably trading above the $ 160 and $ 162 levels. Immediate resistance is near $ 165. Any gains Additional could push the price towards the $ 180 resistance. On the downside, the price may find strong buying interest near the $ 155 and $ 150 levels. Dogecoin (DOGE) is showing positive signals above the $ 150 level. USD 0.250. An immediate hurdle is near the $ 0.265 level. main resistance on the upside is near the $ 0.300 level, where bears may appear. If there is a correction to the downside, DOGE may find support near $ 0.220. XRP price is also gaining ground above the $ 0.850 resistance. It has even broken above $ 0.865 and may continue to climb as high as $ 0.900. Any additional winnings could set the pace for a $ 1.00 obstacle test any time soon.

Another altcoin market today

Some altcoins made more than 10%, including AXS, HNT, RVN, LUNA, ICP, KSM, FLOW, HOT, and CRV. Of them, AXS gained 58% and broke the $ 70 level.

Overall, the bitcoin price continues to trade above the $ 45,000 and $ 44,500 support levels. However, BTC needs to stabilize above $ 46,000 and then gain traction above $ 46,500 to continue bullish ._____

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