Bitcoin price corrected slightly below the $47,500 level and remained above the $46,500 level. Similarly, most of the major altcoins are bullish. ETH is trading around $3,400, while XRP must surpass $0.90 for further gains. ADA may attempt a fresh increase above $1.22.
Bitcoin price found support in the $46,500 region after a minor decline. BTC rallied and climbed above $47,000, but is still down 1% in one day. On the upside, the price might face resistance near the $47,880 level. The next major resistance is near the $48,000 level. A close above this level could initiate a steady rise. The next stop could be $49,200. If there is a downside correction, the price might find support near the $46,800 level. The next major support is near $46,500, below which the price might struggle to stay above the $46,200 support.
Ethereum price traded close to the $3,320 support level, but it is now again above $3,400 and is targeting more gains. ETH is currently facing resistance near $3,440 and it is down 1% in a day. The next key resistance could be near the $3,450 level, above which the price could rise higher. On the downside, ETH could find support near the $3,350 level. The next major support is near the $3,320 level, below which the price could decline sharply.
Zilliqa (ZIL) Increases Weekly Earnings to 250%
A few atlcoins were up more than 5%, including NEAR, UNI, VET, HBAR, AAVE, ZIL, KCS, GMT and COMP. Apart from these, Zilliqa (ZIL) is up 54% in one day to close to $0.16, taking its weekly gains to 250%.
Cardano (ADA) is attempting a fresh increase above the $1.20 level. The closest resistance is near the $1,220 level, above which it could see the $1,245 resistance area.
BNB is trading around $440 and it is aiming to test the $450 resistance level. An upside break above $450 could lead to a bigger increase. The next big hurdle is $465.
Solana (SOL) is consolidating near the $112 level. The closest resistance is near the $115 level. A close above $115 could push the price towards the $122 or even $125 level.
DOGE fluctuates around $0.144 and it could attempt another increase soon above the $0.150 resistance area. The next key resistance is near the $0.155 level, above which the price could rise towards the $0.165 level.
XRP price is holding gains above the $0.85 level. The first key hurdle is near the $0.88 level. The main resistance is still around the $0.90 level. A close above $0.90 could start a strong increase.