- Bitcoin price is rising above $23,200.
- Ethereum tops $1,650, Ripple tops $0.372.
- APE and SNX are up more than 11%.
Bitcoin price started a new rally above the $23,200 resistance zone and is currently trading near $23,400. Bitcoin is up 2% in a day and 10% in a week.
Similarly, most altcoins are also trending higher. Ethereum climbed above the $1,620 and $1,650 resistance levels. Ripple may rise to $0.388.
Total market capitalization
After approaching the $22,500 support area, Bitcoin began to increase steadily. Bitcoin broke above the $23,200 level and may rise further. If it closes above $23,500, the price may rise to $24,000. The next resistance could be $24,200, above which Bitcoin could start a sharp rally.
If there is another break, the price may test the $23,000 support zone. The next support is near the $22,500 area, below which it could test $22,000.
Ethereum Up more than 4% and trading above the $1,650 resistance. Also, its price has increased by 15% in a week. On the upside, it may face resistance near $1,680. The next key resistance is near the $1,720 level, above which the price may move towards $1,800.
On the downside, initial support is near the $1,620 level. The next major support is near the $1,600 area, below which the price could again reach $1,550.
Price of Cardano, Binance Coin, Solana, Dogecoin and Ripple
Cardano (ADA) It formed a base above the $0.50 level. The price moves towards the resistance of $0.52. Any further gains could push the price to $0.535.
Binance Coin (BNB) It has risen 3% and is above the $290 level. It looks like the price may soon test the $300 barrier, above which it could climb.
Solana (SOL) Still struggling below the $40 level. To start a new rally, it needs to break above the $40 and $40.50 levels. If not, it might test $37.
Dogecoin (DOGE) It is recovering and may test the $0.0680 level soon. Any further increase could take the price to the $0.070 level.
Ripple (XRP) It moves towards $0.375. Major resistance is near $0.388, above which they may test $0.40.
Today’s market of other altcoins
Many altcoins are showing positive signs, including Matic, UniSwap, Avax, Ethereum Classic, Link, Nair, IPCoin, VET, ICP, and Ave. Synthetics (SNX) and IPcoin (APE) jumped more than 11% to $3.90 and $7.19, extending their weekly gains to 32% and 27%, respectively.
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