Bitcoin and Ethereum are on hold, but SOL and ZIL are surging

  • Bitcoin’s price is currently hovering near USD 47,000.
  • Ethereum is near USD 3,400, while XRP remains below USD 0.90.
  • SOL and UNI both gained over 9%, while ZIL gained 67 percent.

Bitcoin’s price is reversing course and settling below the USD 48,000 resistance level. Bulls in Bitcoin appear to be defending losses below USD 46,500. It is consolidating slightly above USD 47,000 at the moment (04:24 UTC) and has remained nearly constant in a day.

Meanwhile, ETH needs to break through USD 3,450 in order to regain positive momentum. XRP remains well below the USD 0.90 barrier level. ADA is clinging to the USD 1.20 support level.

Market capitalization as a whole

 

Bitcoin’s value

Bitcoin price recovered after retesting the USD 46,500 support zone. BTC has risen above the pivot mark of USD 47,000. On the upside, the price will encounter resistance near USD 47,500. The next significant resistance mark is near USD 47,880, above which the price might exceed USD 48,000. Closes above USD 48,000 and USD 48,200 may pave the way for a greater gain.

Otherwise, the price may fall below USD 46,800. The next significant support level is near USD 46,500, and a break below that level could result in a test of USD 46,000.

 

Ethereum exchange rate

The price of Ethereum is clinging to the USD 3,350 support zone. Ethereum is now consolidating around the USD 3,400 mark. On the plus side, the price may struggle to go through USD 3,440. The next significant resistance mark may be near USD 3,450, above which the price may develop upward momentum.

On the downside, support may be found near the USD 3,350 level. The next significant support level is near USD 3,300, below which the bears may gain strength.

 

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

Cardano’s (ADA) price has fallen below the USD 1.18 support level. It regained losses after testing the USD 0.165 support zone. The price is now locked near the pivot level of USD 1.20.

BNB is up 3% and trading above USD 440. It broke through the USD 442 obstacle and is on the verge of breaking through the USD 450 resistance. If the bulls prevail, the price may increase as high as USD 465.

Solana (SOL) surged over 9% and broke through the USD 120 obstacle. The bulls are back in action, and it appears as though they are going for a near-term test of the USD 132 level.

DOGE is reversing course and consolidating below the USD 0.150 barrier level. A clear break and closing above USD 0.150 could signal the start of a continuous upward trend. USD 0.155 is the next significant resistance level, followed by USD 0.162.

The price of XRP is consolidating around the USD 0.865 mark. USD 0.88 represents an immediate resistance level. USD 0.90 remains the primary breakout zone, above which the price could continue to rise steadily.

 

Today’s market for alternative cryptocurrencies

Numerous altcoins, including AVAX, UNI, TRX, ALGO, VET, SAND, THETA, APE, HNT, ZIL, CAKE, and GRT, are up over 5%. Out of them, ZIL rose 67 percent and cleared the USD 0.195 mark, increasing its weekly gains to 320 percent . UNI increased 10% and broke through the USD 12 mark.

Bitcoin’s price is currently stabilising below the USD 48,000 barrier level. If BTC clears the USD 48,000 barrier, it may initiate a more aggressive ascent. On the other hand, a downside extension towards the USD 45,500 level is possible.

 

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

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