Bitcoin consolidates, Ethereum and SOL gain momentum

Bitcoin price has found support above the $ 46,650 level and now (11:55 UTC) it is moving towards $ 48,000. To initiate a stronger rally, the price must break the resistance at $ 48,500.

Most of the major altcoins are locked into a range as ETH gained a pace above the $ 3,250 and $ 3,300 resistance levels. XRP is consolidating above $ 1.10 and is facing resistance near $ 1.15. ADA may attempt a breakout to the upside above the $ 2.88 and $ 2.95 resistance levels.

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Bitcoin price

After a small decline, the bitcoin price found support near $ 46,650. BTC has remained well offered and is moving towards $ 48,000. first key resistance is near $ 48,200. Major resistance is now forming near $ 48,500, above which there is a possibility of a move towards the $ 50,000 level. On the downside, the price may continue to find offers near $ 46,500. next major support is near $ 46,200, below which there is a risk of a move towards the $ 45,000 level.

Ethereum Price

Ethereum price surged more than 7% and broke the key resistance of $ 3,250. ETH even surpassed $ 3,400. A close above $ 3,350 could trigger a test of $ 3,500. On the downside, the price may find support near $ 3,280. next big support is near $ 3,250 (the recent hurdle for the bulls).

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ADA, LTC, DOGE and XRP price

Cardano (ADA) appears to be preparing for a big move, with immediate resistance at $ 2.85. first major resistance is near $ 2.88, above which the bulls can even push the price above $ 2.95 and $ 3.00. In the event of a downward correction, the $ 2.65 level could provide support. Litecoin (LTC) tested the support at $ 165, where the bulls emerged. price is now on the rebound and is back above USD 170. If there is a clear break above $ 172 and $ 175, the price could accelerate towards $ 185. On the other hand, the price could revert to $ 165. Dogecoin (DOGE) is attempting another bullish move, with a key barrier close to USD 0.280. A close above $ 0.280 and $ 0.282 could open the door for a move towards the $ 0.300 level. If not, you can retest the support of $ 0.250 in the short term. XRP price is locked between $ 1.10 and $ 1.15. If the bulls continue to protect the support at $ 1.10, there may be a break to the upside above $ 1.15. next major resistance is near the $ 1.20 level.

Another altcoin market today

Many altcoins are up more than 5%, including AR, CELO, ONE, ATOM, KSM, FTM, SOL, ALGO, DOT, CRV, UNI, SUSHI, EGLD, DGB, and HT. Of these, AR gained more than 50% and surpassed the $ 60 level.

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In short, bitcoin is still struggling below $ 48,500, while ETH and SOL are gaining ground. If BTC remains stable above $ 46,500, it could start to rise towards $ 50,000 in the short term ._____

Find the best price to buy / sell cryptocurrencies:

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