Bitcoin and Ethereum inch higher, BNB and SOL outperform, FLOW rally
- Bitcoin price is still struggling to clear the USD 23,500 resistance.
- Ethereum consolidates near USD 1700, XRP faces resistance below USD 0.380.
- BNB and SOL are the best performers among the top 10 coins today.
Bitcoin price is facing strong resistance near the USD 23,500 level. It is currently trading (03:51 UTC) near USD 23,300 and is up over 1% in a day and is unchanged in a week.
Likewise, most major altcoins are attempting another surge. ETH moved above USD 1700 and could accelerate if it clears USD 1740. XRP remains below USD 0.380 while ADA surpassed the USD 0.52 resistance zone.
Total market value
Bitcoin price
After a short-term drop, the bitcoin price held above the USD 22,500 support zone. BTC formed a base, started a decent upward move and settled above the USD 23,000 level. The bulls even cleared the USD 23,200 level, but they are facing resistance near the USD 23,500 level. The next major resistance remains near the USD 23,800 level. A clear move above the USD 23,800 resistance zone could initiate a stronger rally.
On the downside, an immediate support is at USD 23,000. The next major support is near the USD 22,500 zone, below which the price could start a stronger decline.
Ethereum price
Ethereum price is back above the USD 1,700 level, but there are many obstacles to the upside. ETH is up almost 2% in a day and a week. An immediate resistance is near the USD 1740 level. The next key resistance is near the USD 1780 level, above which the price may gain bullish momentum. In this case, the price may rise to 1880 USD.
On the downside, an initial support is near the USD 1650 level. The next major support is near the $1,620 zone, below which the price may continue to move down.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) is moving higher and managed to climb above the USD 0.520 resistance zone. The next key resistance is near the $0.535 level, above which the price may test $0.50.
BNB is showing positive signs above the USD 320 level. It is also trading above the USD 325 level and may continue to rise. BNB is up almost 5% in a day and 15% in a week. If the bulls remain in action, the price may even test USD 340.
Solana (SOL) is up 5% and trading above the $41 level. An immediate resistance is near the USD 42 level. A clear move above the USD 42 level could send the price towards the USD 45 level.
DOGE is struggling to gain momentum above the USD 0.0700 level. A close above this level could start a stronger rally. In this case, the price may rise towards the USD 0.0720 level.
XRP price is still trading below the USD 0.380 resistance. The first major resistance is near USD 0.388, above which the price could rally towards the USD 0.40 level.
Other altcoins market today
Many altcoins are also moving higher, DOT, AVAX, LINK, NEAR, CRO, ATOM, XLM, FLOW, THETA, EGLD and QNT. Of these, FLOW rose 11% and passed the USD 2.90 level, extending its weekly gain to 51%.
Overall, the bitcoin price still faces a major resistance near USD 23,500. If BTC clears the USD 23,500 barrier, it may gain bullish momentum.
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