Bitcoin and Ethereum stuck in range, altcoins consolidate

[ad_1]

The price of Bitcoin has managed to stay above the $ 47,200 support area. BTC climbed higher, but there was no further rise above $ 49,500. The price has started a further decline in a range and is currently trading (04:28 UTC) below the support area of ​​$ 48,500.

Likewise, most of the major altcoins trade within a range. ETH is facing major resistance near $ 3,250, but is well above $ 3,050. XRP is stuck between the $ 1.10 and $ 1.20 levels. ADA remains high and may attempt a retest of $ 3.00.

Total market capitalization

Source: www.tradingview.com Bitcoin price

After failing close to $ 49,500, the price of bitcoin began to correct downward. BTC traded below the support levels of $ 48,500 and $ 48,200. The next key support is near the $ 47,500 level. Other downsides could potentially open the door for a move towards the $ 46,200 level. On the upside, immediate resistance is near the $ 48,500 level. The first major resistance is near the $ 49,200 level, followed by $ 49,500. The main weekly resistance is around $ 50,000, above which the price may rise steadily.

Ethereum price

The price of Ethereum also formed a short-term high near the $ 3,250 level and corrected lower. ETH traded below the support level of $ 3,200. It is now falling towards the support levels of $ 3,120 and $ 3,110. The main outage support this week could be $ 3,050 or $ 3,000. If there is a further rise, immediate resistance is near the $ 3,200 level. Key resistance is now forming near the $ 3,250 level.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) holds gains above the support level of $ 2.65. On the upside, the first major hurdle for the bulls is near the $ 2.88 level. The main hurdle could be $ 3.00, above which bulls could possibly aim for $ 3.25. Conversely, a breakout below $ 2.65 might require a test of $ 2.50. Litecoin (LTC) is consolidating above the $ 165 support. LTC is back above $ 170, with initial resistance at $ 175. The next major resistance is near $ 180, above which the price may exceed $ 188. If the bears push the price down, the bulls could appear near $ 155.Dogecoin (DOGE) found support near $ 0.250 and started a further rise. The bulls pushed the price above $ 0.280. It looks like the price may test the resistance of $ 0.300 soon. Any further gain could drive DOGE towards the $ 0.325 level. The price of XRP has settled below the support level of $ 1.20. It even tested the $ 1.05 support before climbing higher. The price has moved back above $ 1.10, but it must move away from $ 1.18 and $ 1.20 to move into a positive zone.

Other altcoins market today

A few altcoins rose over 5% including SAND, REV, FTM, FLOW, MANA, ENJ, ICP, CHZ, SOL, BSV, ZEN, and PERP. Of these, FTM rose 44% and broke the $ 0.71 level.

Overall, the price of bitcoin is trading in a range below the resistance levels of $ 49,000 and $ 50,000. If BTC fails to stay above $ 46,200, it could start a steeper decline ._____

Find the best price to buy / sell cryptocurrency:

[ad_2]