- bitcoin (BTC) price started an upside correction over the $19,000 level.
- ethereum (ETH) gained over 5%, XRP Ripple (XRP) surged over 20 percent and surpassed $0.48.
- CHZ, LEO, and COMP are up over 12%.
Bitcoin (BTC) price managed to escape a bearish breakdown below the $18,000 support. Bitcoin is at present (03:10 UTC) trading over $19,000. A clear move over the $19,550 and $19,600 resistance levels might start a decent increase.
Similarly, most major crypto altcoins are moving higher. ETH gained over 5 percent and surpassed the $1,320 level. XRP Ripple (XRP) outperformed with a strong move over the $0.45 resistance. ADA is moving higher towards the $0.465 level.
Bitcoin (BTC) price
After forming a base over the $18,500 level, Bitcoin (BTC) price started an upside correction. Bitcoin was able to recover over the $18,800 resistance zone and the 50-hour simple moving average. The price even broke the $19,200 level and tested the $19,500 resistance. The upcoming major resistance is near $19,530, over which the price might boost to $20,000. Any more gains might send the price to $20,450.
On the downside, an initial support is near the $19,000 level and the 50-hour simple moving average. The upcoming major support is near the $18,800 zone, below which the price could move to $18,250.
Ethereum (ETH) price
Ethereum (ETH) price likewise started a recovery wave over the $1,280 resistance zone. There was a clear move over the $1,300 level and the 50-hour simple moving average. ETH is now following a positive trend trend line with support at $1,300 on the hourly chart. On the upside, the price is facing resistance near the $1,340 level. The upcoming major resistance is now forming near the $1,355 and $1,360 levels.
On the downside, an initial support is near the $1,300 level. The upcoming major support is $1,280, below which price could test $1,220.
ADA, BNB, SOL, DOGE, and XRP Ripple (XRP) price
Cardano (ADA) (ADA) is recovering and trading over the $0.45 level. If the bulls remain in action, there could be a move over the $0.465 resistance. The upcoming major resistance sits at $0.48.
BNB is gaining pace and it cleared the $272 resistance. An immediate resistance is near the $275 level, over which the price could accelerate higher towards the $288 level.
DOGE is attempting to clear the $0.060 resistance zone. A close over the $0.0600 level might start a steady increase. The upcoming major resistance is near $0.0620.
XRP Ripple (XRP) price rallied over 20 percent and broke several hurdles near the $0.45 level. It even surpassed $0.48. It appears like the bulls are now aiming a clear move over the $0.50 level.
Other crypto altcoins market today
Several crypto altcoins are gaining momentum, including CHZ, LEO, COMP, THETA, TON, DCR, XLM, AR, ALGO, SAND, ATOM, and KAVA. Out of these, CHZ gained over 15 percent and surpassed the $0.27 level.
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