- Bitcoin price is up 5% and there was a clear move above USD 51,000.
- Ethereum climbed above USD 4,100, XRP is consolidating below the USD 1.00 resistance.
- ADA and LUNA are up over 9%, while SAND Jumped 23%.
Bitcoin price formed a base and accelerated above USD 48,500. BTC bulls pushed the price above the USD 51,000 zone. It is currently (04:18 UTC) up 5% and there could be a minor downside correction.
Similarly, most major altcoins are also rising. ETH increased 3%, is back above USD 4,000 and there was a break above USD 4,100. XRP might make another attempt to clear the USD 1.00 barrier. ADA is up 9% and surpassed the USD 1.45 level.
Total market capitalization
After clearing the USD 48,500 hurdle, bitcoin price gained bullish momentum. BTC was able to jump above the USD 50,000 and USD 50,500 resistance levels. It tested USD 51,500 and currently consolidating gains. On the downside, an initial support is near the USD 50,500 level. The next major support is near USD 50,000, below which the price might decline further.
If there is a fresh increase, the price might face resistance near USD 51,500. The next resistance is near the USD 52,000 zone, above which the price could surge towards USD 53,500.
Ethereum price also started a fresh increase above the USD 4,000 resistance zone. It even spiked above USD 4,080 and is currently facing resistance near USD 4,120. The next key resistance is near the USD 4,150 level, above which the price could test USD 4,250.
An immediate support is near the USD 4,020 level. The next key support is near the USD 4,000 level, below which the price might revisit USD 3,920.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) started a strong rally above the USD 1.35 and USD 1.40 levels. The price even surged above USD 1.45 while a clear break above USD 1.47 might send it towards USD 1.50.
Binance coin (BNB) is rising and trading above USD 540. It is facing a strong resistance near the USD 550 level. A clear break above USD 550 might call for a move towards USD 565.
Solana (SOL) is up 4% and there was a break above the USD 180 level. It is testing the USD 188 level and it seems like the price could rise further. The main hurdle is near the USD 200 level.
DOGE managed to pop above the USD 0.178 and USD 0.180 levels. The next key resistance is near USD 0.185, above which it could rise towards USD 0.20. If not, it could correct lower towards the USD 0.175 level.
XRP price is struggling to clear the USD 1.00 level. If there is a clear move above the USD 1.00 level, the price might gain pace. The next major resistance is near USD 1.05, above which the price could test USD 1.12.
Other altcoins market today
Many altcoins are up over 10%, including SAND, FTM, GALA, AAVE, MANA, LUNA, CRO, ROSE, NEAR, ICP, WAP, and DASH. Out of these, LUNA is up 13%, nearing the USD 99 level, while SAND jumped 23%, surpassing USD 6.3. LUNA increased its weekly gains to almost 54%, while SAND advanced 26%.
Overall, bitcoin price is gaining pace above the USD 50,000 level. If BTC remains stable, it could rise further above the USD 52,000 level in the near term.