Bitcoin and Ethereum recover ground, COMP dives in unusual activity

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The price of bitcoin gained momentum to break through the resistance of $ 43,200. Ethereum broke through the resistance of $ 3,000, XRP is getting closer to $ 1. COMP is the lowest performing among the top 100 parts today.

The price of Bitcoin has started to recover above the resistance of $ 42,500. BTC broke through the $ 43,200 level to enter a positive zone. It is currently trading (04:55 UTC) above $ 43,500, but it could face resistance near $ 44,400.

Likewise, most of the major altcoins are recovering as well. ETH jumped almost 4% and managed to break through resistance at $ 3,000. XRP is back above $ 0.950 while ADA is consolidating below $ 2.15 and may face hurdles near $ 2.20.

Total market capitalization

Source: https: //www.tradingview.com Bitcoin Price

After forming a base above $ 42,000, the price of bitcoin began to rise steadily. BTC broke through resistance levels of $ 43,000 and $ 43,200. Price is now showing positive signs, with an immediate hurdle near the $ 44,000 level. The next key resistance is near the $ 44,400 level, above which the price could even reach $ 45,000.

On the downside, immediate support is near $ 43,000. The next key support is now forming near $ 42,500, below which the price could test $ 42,000.

Ethereum price

The price of Ethereum accelerated above the resistance level of $ 2,950. ETH is up almost 4% and is trading above $ 3,000. If the bulls stay in action, the price could rise towards the $ 3,100 level. The next major breakout area is near the $ 3,120 and $ 3,150 levels.

If there is a downward correction, initial support is at $ 2,980. First major support is now forming near the $ 2,820 level.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) consolidates near the $ 2.12 level. If ADA gains ground for a move above the $ 2.15 level, it may revisit the key $ 2.20 resistance. To continue rising, the price must break through the resistance of 2.20 USD. Otherwise, the key failure support is close to $ 2.02 and $ 2.00.

Litecoin (LTC) is up over 4% and it has broken resistance at $ 150. The next major resistance is near $ 155. A close above this level could eventually drive the price towards the $ 165 level. Conversely, the price could drop in a range close to the level of 140 USD.

Dogecoin (DOGE) attempts a rally above the $ 0.202 level. Immediate resistance is near the $ 0.205 level. If there is a clear break above $ 0.205, the price could test the pivot level of $ 0.212. On the downside, the $ 0.200 level is major support.

The price of XRP stayed above $ 0.900 and managed to break through the resistance of $ 0.950. It can test the level of $ 0.980, but the main hurdle is at $ 1.0. A close above this level is necessary to initiate a steady increase in the short term.

Other altcoins market today

Many altcoins rose over 5% including OMG, ZIL, BNB, LEO, QTUM, DYDX, HT, FIL, ICP, AXS, DCR, XLM, XTZ, and MATIC. Of these, OMG rose 18% and tested the level of $ 11.20.

Meanwhile, COMP is down 9% in one day, falling below $ 304 as Compound confirmed that “unusual activity has been reported regarding the distribution of COMP following the execution of the proposal. 062 “, while Compound founder Robert Leshner said” the impact is limited; at worst 280,000 COMP tokens “, which are now worth nearly $ 86 million. However, COMP is now recouping its losses after have fallen below $ 290 earlier today.

Overall, the price of bitcoin is advancing above the $ 43,000 level. If BTC moves above $ 43,500, it might even attempt to break above the $ 44,000 level.

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