CAKE and CELO Accelerate while Bitcoin and Ethereum Fluctuate Sharply

  • Bitcoin’s price fell short of the USD 47,500 barrier level.
  • XRP is stabilising at USD 0.85, while Ethereum has fallen below USD 3,500.
  • CAKE and CELO have increased by 8% and 9%, respectively.

Bitcoin’s price began to rise again from the USD 44,500 level, even rising above USD 47,300 before plummeting. It is currently battling near USD 46,000 (04:22 UTC) and has been unchanged in a day.

Aside from that, the majority of prominent altcoins are also fluctuating. ETH briefly surpassed USD 3,550 before plummeting. To return to the USD 0.90 resistance, XRP must clear USD 0.85, while ADA is hovering at the USD 1.20 resistance.

Market capitalization in total

 

Bitcoin’s value

 

Following a new high, bitcoin price was met with sellers near the USD 47,400 mark, dropping below the USD 46,000 support before recovering. The next key support is near USD 45,500, and if the price falls below that level, it may test USD 45,000. Any further losses could push the price near the USD 44,200 mark.

On the upside, the price could run across resistance near USD 47,000. The primary weekly barrier is near USD 47,500, beyond which the price may begin to climb toward USD 50,000.

The cost of Ethereum

 

The price of Ethereum stayed solid above the USD 3,400 mark. ETH even surged above the USD USD 3,550 mark, only to fall back below USD 3,500. However, it is still up 1% in a single day. The next significant support level is near USD 3,420, below which the price may fall to USD 3,300.

On the plus side, the price may struggle to stay over USD 3,580. The next major resistance level could be near USD 3,650, after which the price could surge to USD 3,800.

ADA, BNB, SOL, DOGE, and XRP price

 

Cardano (ADA) is presently consolidating below the USD 1.20 mark, as are BNB, SOL, DOGE, and XRP. The price must settle over USD 1.20 before a new increase may begin. Near USD 1.245, the next major barrier exists.

BNB attempted to break through the USD 450 resistance zone. It did, however, come up against sellers near USD 454 and USD 455. It has finally settled below USD 450.

The price of Solana (SOL) has risen beyond the USD 125 resistance level. It even reached USD 140, and is now consolidating gains near USD 135. The price could rise to USD 150 if there is a new increase.

DOGE is currently trading below the USD 0.15 barrier level. Near the USD 0.142 level, there is instant support. Near the USD 0.135 level, the next major support is found. If the price continues to fall, it may test the USD 0.128 support.

The price of XRP is now consolidating near the USD 0.82 support level. Near USD 0.85, the main resistance is found. If the price closes over USD 0.85, it may move towards USD 0.90.

Today’s market for other altcoins

 

NEAR, ICP, CAKE, CVX, CELO, MINA, KDA, and BORA are among the cryptocurrencies that have gained more than 5%. MINA was the most successful, gaining almost 15% and trading over the USD 3 mark before correcting. In the meantime, CAKE surpassed USD 9.85 and CELO surpassed USD 4.05, both boosting their weekly gains by roughly 22%.

Bitcoin’s price is currently trading significantly below the USD 47,500 barrier level. If BTC falls below USD 45,500, it is possible that it will go to USD 44,200 or possibly 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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