Bitcoin and Ethereum Remain Supported, SOL and SHIB Shine
- Bitcoin price is holding the key USD 60,000 support.
- Ethereum trades above USD 4,300, XRP is still below USD 1.10.
- SOL and SHIB are up around 10%.
Bitcoin price started a fresh increase above the USD 61,200 resistance. BTC surpassed USD 62,000, but it is currently (11:45 UTC) struggling to gain bullish momentum. A close above USD 62,500 could set the pace for a larger increase.
Besides, most major altcoins are eyeing a fresh increase. ETH is consolidating above USD 4,300 and it could rise above USD 4,400. XRP might rally if there is a close above USD 1.12 and USD 1.15. ADA is still trying to reach USD 2.00.
Total market capitalization
After a downside correction, bitcoin price found support near USD 60,000. BTC started a fresh increase and was able to climb above USD 61,200. It even spiked above USD 62,000. The next key resistance is near the USD 62,500 level. A close above USD 62,500 could set the pace for a larger increase. The next stop for the bulls might be USD 64,500.
An initial support on the downside is near the USD 61,200 level. The main support is still near USD 60,000. A downside break below USD 60,000 might start a stronger decline.
Ethereum price is trading in a positive zone above USD 4,250. If ETH clears the USD 4,350 resistance, it could gain bullish momentum. The next key hurdle is near USD 4,440, above which the price could even surpass USD 4,500.
If there is a downside correction, the price might find support near USD 4,250. The key support is now forming near the USD 4,120 level.
ADA, BNB, SHIB, SOL, and XRP price
Cardano (ADA) remained stable above the USD 1.92 level. It is rising and trading above USD 1.98. If there is a close above USD 2.00, the price could start a stronger increase in the near term.
Binance coin (BNB) is up over 3% and it is showing positive signs above USD 525. The main hurdle is near the USD 550 level. A proper close above USD 550 might start an increase towards the USD 580 and USD 585 levels.
SHIB is up over 11% and it broke the USD 0.0000715 resistance zone. An immediate resistance is near the USD 0.0000735 level, above which the price may perhaps rise towards the USD 0.0000750 level.
Solana (SOL) is consolidating above the USD 200 level. It is now facing resistance near the USD 212 level. A clear break above USD 212 could even push the price above USD 220. The next major resistance is near the USD 232 level.
XRP price is rising towards the USD 1.10 level. The first key resistance is USD 1.12, but the main breakout zone is still USD 1.15. If there is no clear break, the price might slide again towards the USD 1.00 level.
Other altcoins market today
Many altcoins are up over 8%, including QTUM, RUNE, HOT, XDC, SCRT, AR, HT, GRT, OMG, SUSHI, and AMP. Out of these, QTUM gained 23% and broke the USD 17.30 level.
To sum up, bitcoin price is showing positive signs above USD 61,200. If BTC stays above this level, it could even surpass USD 62,500 and rise towards the USD 63,800 level.