- Bitcoin price is eyeing an upside break above $19,600.
- Ethereum could surge above $1,350, XRP rallied over 10% and spiked above $0.50.
- LEO and MKR are showing bullish signs.
Bitcoin price remained stable the $19,000 level. BTC is currently (11:00 UTC) consolidating and facing resistance near $19,600. A clear move above the $19,600 and $19,650 resistance levels might start a strong upward move.
Similarly, most major altcoins are eyeing more upsides. ETH could gain bullish momentum if it clears $1,350. XRP rallied and even spiked above the $0.50 resistance. ADA is struggling to gain pace above the $0.435 level.
In the past few sessions, bitcoin price consolidated above the $19,000 level. BTC even remained stable above the $19,200 level and the 50-hour simple moving average. On the upside, the bears are active near the $19,650 zone. A clear move above $19,650 might start a steady increase. The next major resistance is near $20,000, above which the price might aim a move to $20,500.
If there is no upside break above $19,650, the price might correct lower. An immediate support is near the $19,400 level and the 50-hour simple moving average. The next major support is near the $19,300 zone and a connecting bullish trend, below which the price could gain bearish momentum.
Ethereum price also settled above the $1,300 level. ETH is showing positive signs above the $1,320 level and the 50-hour simple moving average. However, it is facing resistance near the $1,350 level, above which the price might start a steady increase. The next major resistance is near the $1,400 level, above which the price could visit the $1,450 resistance.
On the downside, an initial support is near the $1,320 level and a connecting bullish trend line. The next major support is $1,300, below which price could drop to $1,255.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is still struggling near the $0.435 level. An immediate resistance is near $0.440. The main resistance is near the $0.45 zone, above which the price could rise steadily.
BNB is eyeing more gains above the $285 level. An immediate hurdle is near the $288 level, above which the price could rise towards $295 or even $300.
Solana (SOL) is approaching the $34.50 level. The first major resistance is near $35, above which the price might gain momentum. In the stated case, the price might rise to $36.50.
DOGE is slowly moving higher above the $0.0600 level. The first hurdle is near the $0.062 level, above which the price might rise to $0.0632. Any more gains could lead the price towards $0.065.
XRP price started a strong rally above the $0.45 resistance. The price even spiked above the $0.50 level and is currently consolidating gains. The main support now sits at $0.455.
Other altcoins market today
Many altcoins are slowly moving higher, including LEO, MKR, XLM, QNT, EGLD, FLOW, UNI, LUNC, ALGO, MATIC, and OKB. Out of these, MKR rallied over 8% and broke the $770 level.
To sum up, bitcoin price is consolidating near the $19,200 zone. To start a strong rally, BTC must clear the $19,650 and $20,000 resistance levels.