The price of bitcoin remained sustained above USD 43,500 and soared above USD 44,500 before retracing downward. It is currently consolidating gains near USD 44,888 (04:25 UTC) and is up over 3% in a day.
Similarly, the majority of big cryptocurrencies are experiencing difficulties. ETH has re-broken through a key resistance level near USD 3,000 and is now up about 4%. XRP has been unable to break beyond the USD 0.80 resistance. Near USD 1.00, ADA may continue to experience difficulties.
Bitcoin’s value
Bitcoin’s price was able to stabilize above the USD 43,500 barrier after a sustained rise. BTC continued to rise and reached USD 45,000, where it was met with heavy selling demand. It is currently consolidating gains near USD 44,500. The next major support level is near USD 43,750, below which the price may drop to USD 43,200.
On the upside, the price is coming up against resistance near USD 44,500. The primary breakout zone is currently formed above USD 45,000, above which the price could accelerate.
The cost of Ethereum
The price of Ethereum has continued to rise beyond the USD 2,850 resistance level. ETH even broke through the USD 3,000 barrier. On the downside, the first level of support can be found near USD 2,900. The next important level of support is at USD 2,850.
Price of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) has pushed through the USD 0.95 barrier level. The price even broke through the $1.00 mark, but there was no more upward movement. It is now stabilizing near the pivot level of USD 0.95.
BNB continued to rise above the USD 405 and USD 412 resistance levels. It even reached USD 420 but was met with sellers near USD 425. On the downside, the prior resistance level near USD 400 could act as a support level.
Solana (SOL) is up more than 7%, with a clear break above the USD 100 level. The next major barrier is near the USD 105 level, beyond which the price may increase to USD 112.
DOGE is battling to break through the barrier at USD 0.142 and USD 0.145. The USD 0.130 level may provide support if there is a negative correction. USD 0.125 is the next major support level.
The price of XRP has broken through the USD 0.78 resistance level. It even tried but failed to break through the USD 0.80 barrier zone. It is currently retracing its gains and trading near USD 0.78.
