Bitcoin and Ethereum remain supported, SOL returns DOGE

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The price of Bitcoin has prolonged its rise above the $ 50,000 area. However, the bulls failed to strengthen above $ 50,250 and BTC corrected lower. It is currently consolidating its gains (05:23 UTC) and may attempt a further breakout above $ 50,000.

Also, most of the major altcoins are showing positive signs. ETH remained supported above $ 3,700 and is back at close to $ 3,800. XRP is consolidating well above $ 1.25 and could rise towards $ 1.30. ADA is also consolidating in a range close to the $ 3.00 area.

Total market capitalization

Source: www.tradingview.com Bitcoin price

After breaking through the $ 50,000 zone, the price of bitcoin failed to extend the gains. BTC peaked near $ 50,400 and began a downward correction. It fell below $ 49,200, but the bulls were active at nearly $ 48,500. The price is now on the rise and is back above $ 49,500. On the upside, immediate resistance is near the $ 49,800 level. The main resistance is still near the $ 50,000 level. A close above $ 50,000 could accelerate short-term gains.

Ethereum price

The price of Ethereum also corrected lower below $ 3,750, but it remained a strong buy near the $ 3,700 area. ETH formed a base above $ 3,700 and climbed back above $ 3,800. The next key resistance is near $ 3,850, above which the price may rise further to $ 4,000. If there is another downward correction, the price could find support near $ 3,720. The next major support is near the $ 3,700 level.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) broke the resistance at $ 3.00 and tested $ 3.10. Recently there was a downward correction below $ 3.00, but the price is stable above $ 2.88. The next key support is near $ 2.85, below which there is a risk of moving towards the $ 2.65 support. Litecoin (LTC) broke resistance at 185 USD. He even tested the main resistance of $ 188. LTC is now consolidating near $ 185, with immediate support at $ 180. To continue moving up towards $ 200, the price must break through the resistance zone of $ 188 in the short term. Dogecoin (DOGE) broke the resistance of $ 0.300, but it faced sellers below $ 0.312. It tested $ 0.310 before correcting down. Price is now consolidating near $ 0.300, with decent support at $ 0.292. The next major support is near the $ 0.285 level. The price of XRP rose above the resistance of $ 1.28. However, there was no test of the resistance at $ 1.30. The price corrected lower, but the bulls are protecting $ 1.28. If there are more losses, the price could test $ 1.265. Conversely, there could be a further increase towards the $ 1.30 level.

Other altcoins market today

Many altcoins rose over 5% including MIOTA, SOL, AVAX, HOT, BTG, CEL, REV, BTT, KSM, WAVES, AUDIO, TRX, and NEAR. Of these, MIOTA rose 30% and broke the $ 1.5 level.

Overall, the price of bitcoin is stable above the support levels of $ 48,500 and $ 49,200. If BTC moves above $ 50,000, it could resume its rally towards $ 52,000 ._____

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