Bitcoin price started moving up from the current $45,500 support zone today. The coin was able to clear the $46,500 and $47,500 resistance levels and is showing signs of further increase. It is currently trading above $48,900 and has the potential to increase further in the coming days.
Similarly, most major altcoins are gaining momentum, yet this is bullish. Ethereum has shot up 6% – it surpassed the $4,000 resistance level to move into a positive zone. Ripple also saw an increase of 4% and is approaching the $0.90 zone. Cardano showed positive moves, surpassing $1.25 and more gains could be on their way.
Bitcoin price
After a clear move above $46,500, the price of market-leader Bitcoin gained momentum. The coin was able to nicely clear the $47,500 and $48,000 levels. It then went on to surge above the $48,500 and now shows chances of a move towards the $49,200 level. The next resistance is near the $50,000 zone, above which the price could rise towards the $51,200 level.
If the coin starts to dip, an initial downside support is near the $48,000 level. After which, the next major support is near $47,500, below which the price may perhaps revisit $46,000.
Ethereum price
The price of Ethereum has also started to creep up. It began a fresh increase above the $3,880 resistance. Ethereum even went on to clear the $4,000 level and approached $4,050. A clear break above $4,050 could open the doors for a stronger upward move in the future.
If the price starts to drop, it could find support near $3,920. The next key support is near the $3,880 level, below which the price might test $3,750.
Altcoin prices
Cardano’s coin ADA is rising above the $1.25 level. If it continues to soar, it could rise towards the $1.28 level. The next major stop could be $1.30.
Binance coin (BNB) was able to clear the $525 resistance that it has been facing for some time. It is now rising towards the $535 level. Any more gains may possibly send the price towards the $550 level. The next key resistance is near the $565 level.
Solana’s token SOL is up by 4%. The price recently rose above the $175 level. It is now attempting a close above the $180 level. If the movement continues the price could rise towards the $188 resistance zone. The next resistance is near the $200 level.
DOGE is recovering from recent lows and trading above the $0.170 level. The next key resistance is near the $0.175 level. A clear move above $0.175 might lead the price towards the $0.188 level.
