APE, ADA, and AXS are leading as Bitcoin and Ethereum consolidate

  • The price of bitcoin is now hovering around USD 43,000.
  • The price of Ethereum is staying around USD 3,050, while the price of XRP has dropped below USD 0.85.
  • Among the top 100 coins, APE, ADA, and AXS are the three best performers today.

The price of bitcoin was able to rise above the USD 42,500 resistance level. BTC has risen above USD 43,000 and is now consolidating gains slightly below this level (11:50 UTC), having gained more than 2% in a single day.

Similarly, the majority of big altcoins are exhibiting signs of improvement. ETH has risen above USD 3,000 and is on the verge of breaking through USD 3,080. XRP continues to consolidate below the USD 0.85 barrier level. ADA soared 15% and broke through the USD 1.12 obstacle.

Market capitalization in total

 

Bitcoin’s value

 

Bitcoin’s price continued to rise after closing above USD 42,500. BTC was able to break through the USD 43,000 barrier level, and it appears that it will shortly try to break through the USD 43,500 resistance level. If the bulls succeed, the price might continue to rise steadily towards USD 44,200. Near the USD 45,000 mark, the next major barrier is found.

If there is a correction to the downside, the market may find support near USD 42,500. The next key support is near USD 42,200, below which the price might drop to USD 41,550.

The cost of Ethereum

 

The price of Ethereum has settled above the USD 3,000 resistance mark and is now consolidating above USD 3,050. A clear advance above USD 3,080 in the coming sessions could set the tone for a greater increase.

On the downside, support could be found near the USD 3,000 level. The next key support level is around USD 2,950, below which the price may struggle in the immediate term.

Price of ADA, BNB, SOL, DOGE, and XRP

 

Cardano (ADA) is up 15%, as bulls have pushed it above the USD 1.12 barrier zone. It is now displaying bullish signals, with the possibility of a climb towards USD 1.142. (Read more: ADA Rallying as Coinbase Offers 3.75 Percent APY for Cardano Staking)

BNB may try to break over the USD 412 barrier level on the upside. If the price closes over USD 412, it may move towards USD 420. Near the USD 432 level, the next major barrier is seen.

Solana (SOL) is currently trading at the USD 100 barrier level, up 10%. A closing above USD 100 could pave the way for a greater rise. In this instance, the price could jump to USD 112 or even more.

DOGE soared over 13% and smashed through the USD 0.132 hurdle. On the upside, the next major resistance level might be USD 0.142, above which the price could break through to the USD 0.150 level.

The price of XRP continues to consolidate below the USD 0.85 resistance level. The bulls must build strength above USD 0.85 in order to begin a stronger advance. If they are successful, the price may rise to USD 1.0.

Today’s market for other altcoins

SHIB, NEAR, UNI, MANA, AXS, SAND, APE, VET, FTM, FLOW, ONE, GALA, and ENJ are among the altcoins that have gained more than 5%. APE increased its weekly gains to 61 percent after jumping above 13 percent and approaching USD 14. AXS, on the other hand, gained about 24% and broke through the USD 60 barrier. It’s also up 27% in the last week.

To summarise, bitcoin is attempting to break through the USD 43,500 barrier level. BTC could acquire positive momentum and surge towards USD 45,000 if it surpasses USD 43,500.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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