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Bitcoin Consolidates, Ethereum Inches Higher, LUNA Flips DOGE

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  • Bitcoin price is struggling to settle above the USD 50,000 resistance.
  • Ethereum targets USD 4,400, XRP is up almost 5%.
  • LUNA jumped 13% and entered the top 10 club.

Bitcoin price corrected lower and tested the USD 49,000 region. BTC is relatively stable and is currently (04:24 UTC) facing resistance near USD 50,000. A close above USD 50,000 may perhaps push the price towards USD 52,000.

Besides, most major altcoins are gaining bullish momentum. ETH surpassed USD 4,350 and may perhaps gain strength above USD 4,400. XRP is up almost 5% and it is attempting a clear move above USD 0.85. ADA is rising towards the key USD 1.40 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a move below USD 50,000, bitcoin price found support near the USD 49,000 level. BTC started a fresh increase but is trying to reach USD 50,000. A close above USD 50,000 and USD 50,500 might open the doors for more upsides. The next major resistance for the bulls is near the USD 52,000 level.

An immediate support on the downside is near USD 49,200. The next major support is near the USD 49,000 level, below which the price could test USD 47,500.

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Ethereum price

Ethereum price found support near the USD 4,200 region and started a fresh increase. ETH cleared the USD 4,350 resistance level and is showing positive signs. A clear move above the USD 4,400 and USD 4,420 levels could set the pace for a larger increase.

On the downside, an initial support is near the USD 4,350 level. The next key support is now forming near the USD 4,220 level.

ADA, BNB, SOL, SHIB, and XRP price

Cardano (ADA) settled above the USD 1.35 level and is approaching the USD 1.38 resistance. The main hurdle is still near USD 1.40, above which it may perhaps rise towards the USD 1.465 level.

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Binance coin (BNB) gained almost 6% and cleared the USD 600 resistance. An immediate resistance is near USD 612. A move above USD 612 could even push the price towards USD 630.

Solana (SOL) found support above the USD 180 level. It is recovering losses and trading near USD 190. An initial hurdle is near USD 195 but the main hurdle is USD 200. On the downside, the USD 180 level is a strong support.

SHIB is trading in a positive zone above the USD 0.0000355 level. It is trimming losses and trading near the USD 0.0000370 level. If there are additional gains, the price could test the USD 0.000038 zone. The next major resistance is near the USD 0.000040 level.

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XRP price gained almost 5% and even cleared the USD 0.850 resistance zone. If the bulls remain in action, the price might test the USD 0.88 resistance. If not, there could be a fresh decline towards the USD 0.800 support zone.

Other altcoins market today

Many altcoins are up over 5%, including WAXP, NEAR, CELO, HT, EOS, AMP, AAVE, LUNA, LRC, RUNE, 1INCH, and GRT. Out of these, LUNA flipped DOGE and entered the list of the top largest cryptoassets by market capitalization. The price is up 13% and is trading above USD 76. It’s also up by 18% in a week. Meanwhile, CELO and NEAR rallied around 20%, while BTT stopped its rally, correcting 11% in a day.

Overall, bitcoin price is consolidating near the USD 50,000 level. If BTC gains strength above USD 50,000, it could start a fresh increase towards USD 52,000 in the near term.

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