Bitcoin at Ethereum Correct Gains, MANA and AVAX Rally

 

  • Bitcoin price failed to clear the USD 45,000 resistance.
  • Ethereum briefly climbed above USD 3,150, XRP struggles below USD 0.85.
  • MANA and AVAX rallied over 11%.

Bitcoin price climbed above the USD 44,200 resistance zone, even spiked above USD 44,500, but it failed to continue higher. It is currently (04:05 UTC) correcting gains near USD 44,000 and might find bids near USD 43,500.

Meanwhile, most major altcoins are showing similar signs. ETH was able to extend its increase above the USD 3,150 resistance zone before correcting lower. XRP briefly spiked above the key USD 0.850 resistance zone. ADA is stuck below the USD 1.12 resistance level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a move above USD 44,000, bitcoin price was able to clear the USD 44,500 level. However, BTC struggled to rise further to USD 45,000. It faced sellers and recently corrected lower towards the USD 44,000 level. On the downside, an immediate support is near the USD 43,500 level. The next key support is near the USD 43,200 level, below which the price might dive to USD 42,200.

On the upside, an initial resistance is near USD 44,400. The next resistance is near the USD 44,500 level, above which the price might test USD 45,000.

Ethereum price

Ethereum price remained elevated above the USD 3,000 pivot level. ETH broke the USD 3,150 resistance level before correcting towards USD 3,140 again. If it moves higher again, the next resistance could be near the USD 3,200 zone. 

If there is a downside correction, the price might find support near USD 3,120. The next major support is near USD 3,050, below which the price could test USD 3,000. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) extended its increase above the USD 1.08 resistance zone. It even spiked above USD 1.10 but failed to clear the USD 1.12 resistance zone. On the downside, the USD 1.05 level is a decent support.

BNB climbed above the USD 425 and USD 432 resistance levels. It even spiked above the USD 440 level, but there was no test of the USD 445 resistance and the price moved towards USD 430 again. The next major resistance is at USD 450.

Solana (SOL) is consolidating gains above the USD 100 level. An immediate resistance is near the USD 105 level. The next key resistance is near USD 112, above which the bulls could aim for USD 120.

Dogecoin (DOGE) is still struggling below the USD 0.155 resistance. If there is a downside correction, the price could test the USD 0.142 level. Conversely, it might rise towards the USD 0.165 level.

XRP price managed to spike above the USD 0.850 resistance, but there was no upside continuation. A close above USD 0.850 is a must for more gains. If not, the price might decline towards USD 0.800.

Other altcoins market today

Many altcoins are up over 5%, including AVAX, MATIC, LINK, NEAR, ALGO, MANA, SAND, AXS, FLOW, GALA, GRT, and NEO. Out of these, AVAX is up almost 12% and trading above USD 93, increasing its weekly gains to 9%. MANA jumped 11% in a day, trimming its weekly losses to 5%, and is trading near USD 3.30.

Overall, bitcoin price is struggling to settle above USD 44,500. If BTC corrects lower, it might find support near the USD 43,500 and USD 43,200 levels in the near term. Conversely, it could rise towards USD 45,000.

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