Support for Bitcoin and Ethereum, SOL enters the top 10

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Bitcoin’s price corrected lower, but remained stable above the $ 45,000 support. BTC started a further increase and surpassed USD 46,000. It is currently approaching (11:45 UTC) the resistance at $ 47,000, above which the price could test $ 48,000.

Likewise, most of the major altcoins grow slowly. ETH has found support near $ 3,110 and is back above the resistance of $ 3,200. XRP started to consolidate near $ 1.20 after being rejected near $ 1.30. Also, the DOT is holding gains above the $ 25 support.

Total market capitalization

Source: www.tradingview.com Bitcoin price

After a short-term downward correction, the price of bitcoin has found support above $ 45,000. BTC formed a base and made over USD 46,000. It even broke over $ 46,500, but it has to settle above $ 47,000 for more gains. The main resistance is still close to 48,000 USD, above which the price could start a strong rally.

First bearish support is near $ 46,200. The next support is near the $ 45,500 level, below which the price could test $ 45,000.

Ethereum price

Ethereum’s price also found support near $ 3,110 and it rallied above $ 3,200. ETH even broke above $ 3,220 and may continue to rise towards $ 3,300. The main resistance to the breakout is near $ 3,325, above which the bulls should strengthen.

If there is a further downward correction, the price could find support near $ 3,180. Primary support now sits at $ 3,110, below which price may test the $ 3,000 support.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) moved above the pivot level of $ 2.00. ADA faces hurdles close to $ 2.20. If he continues to struggle, there could be a downward correction. The first key support is near $ 2.05 below which the price may even drop below the $ 2.00 support area.

Litecoin (LTC) is consolidating near the pivot level of $ 180. On the upside, the $ 188 level is a key resistance, above which the price may rise to the $ 200 level. If there is a downside breakout below $ 180, the price may possibly test $ 172. The next major support is near $ 165.

Dogecoin (DOGE) corrected down from the resistance at $ 0.350. It was trading below $ 0.335, but the bulls were active near $ 0.320. If there are further losses, the price could test the support of $ 0.300. To climb further, the price must break above the resistance of $ 0.350.

The XRP price was rejected near $ 1.30. It corrected lower below the $ 1.25 support. The price fell more than 8% and even broke $ 1.20. If there are more downsides, the price might test $ 1.05. Conversely, XRP could start a further rise towards the resistance of $ 1.30.

Other altcoins market today

Many altcoins have gained over 5% including AUDIO, LUNA, SOL, FTM, AVAX, NEAR, SUSHI, EGLD, DOT, XDC, and CAKE. Of these, AUDIO still holds gains above the $ 3.20 level.

To sum up, the price of bitcoin is recovering, but it needs to exceed $ 47,000 and $ 48,000 for a further rise. Otherwise, BTC could test $ 45,000 ._____

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