- Bitcoin price is eyeing an upside break above $19,650.
- Ethereum could rally above $1,350, XRP is struggling to clear $0.45.
- DCR is up over 10%, and HNT is still gaining bullish momentum.
Bitcoin price recovered above the $19,000 and $19,200 level. BTC is currently (10:30 UTC) eyeing an upside break above the $19,650 resistance. If the bulls succeed, the price could rally 5%-8%.
Similarly, most major altcoins might start a fresh increase. ETH is consolidating above $1,300 and might climb higher above $1,350. XRP is still facing resistance near the $0.45 zone. ADA is consolidating near the $0.435 level.
Recently, bitcoin price started a recovery wave above the $19,200 resistance. BTC even settled above the $19,200 level and the 50-hour simple moving average. However, the price seems to be facing a strong resistance near the $19,650 and $19,700 levels. The next major resistance is near $20,000, above which the price might start a strong increase.
If there is no upside break above $19,650, the price may perhaps start a fresh decline. On the downside, an initial support is near the $19,300 level. The next major support is near the $19,000 zone, below which the price gain bearish momentum.
Ethereum price climbed higher above the $1,300 resistance zone. ETH even cleared the $1,320 level and the 50-hour simple moving average. It is now struggling to clear the $1,340 level and a connecting bearish trend line on the hourly chart. The next major resistance is near the $1,350 level, above which the price could revisit the $1,400 resistance.
If ether price fails to clear the trend line resistance, it could correct lower. On the downside, an initial support is near the $1,308 level. The next major support is $1,280, below which price could revisit $1,255.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is still consolidating near the $0.435 level. If there is a fresh increase, it might test the $0.45 resistance zone. Conversely, the price could drop and test $0.42.
BNB is trading in a range near $282 level. An immediate resistance is near $285. The next major resistance is near the $288 level, above which the price could rise to $295.
Solana (SOL) is slowly moving higher towards the $34.20 resistance. Any more gains might send the price towards the $35 level. On the downside, there is a decent support forming near $32.50.
DOGE is consolidating above the $0.0600 level. An immediate resistance is near the $0.062 level. If there is no move above $0.0620, the price could drop and revisit $0.0565.
XRP price is slowly moving higher towards the $0.45 resistance. A clear upside break above $0.45 might start a fresh increase. In the stated case, the price may perhaps revisit the $0.48 resistance.
Other altcoins market today
Many altcoins are in the green zone, including DCR, HNT, EOS, XEM, SNX, LDO, LUNC, CAKE, KSM, MKR, and CRV. Out of these, DCR is gaining pace above the $27.00 level and might rise further.
To sum up, bitcoin price is consolidating above $19,200. If BTC clears the $19,650 resistance, it could easily surpass $20,000.