Bitcoin and Ethereum present indicators of life, Cardano is gaining traction

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Bitcoin price remained stable above the $ 46,500 support level. A base was formed above $ 46,500 and BTC started a wave of recovery. It is currently (11:45 UTC) trading above $ 47,000, with a major resistance near $ 48,500.

Similarly, most large altcoins are slowly recovering upwards. ETH is back above the USD 3,110 and USD 3,150 resistance levels. XRP stayed above $ 1.05 and rebounded above $ 1.12. ADA outperformed with a strong move above $ 2.65 and $ 2.70.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After testing $ 46,500, Bitcoin price started a steady wave of recovery. BTC climbed above the USD 47,000 and USD 47,200 resistance levels. The price even exceeded $ 47,500. It is now approaching the USD 48,000 resistance. The main resistance is still near $ 48,500, above which the price could gain upside momentum.

On the downside, initial support is near the $ 47,200 level. The main roadside assistance is now forming near the USD 46,500 mark.

Ethereum price

Ethereum price also based above $ 3,050 before initiating an upward correction. ETH climbed above the $ 3,110 and $ 3,150 resistance levels. The main barrier is still near the USD 3,200 mark. A closing price above $ 3,200 could set the pace for a decent rise.

Should it fall again, the bulls could protect the $ 3,110 support. The next major support is near $ 3,050, below which the price could potentially test $ 3,000.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) found strong support near the USD 2.50 level. As a result, the price started a steady rise and broke the $ 2.65 resistance. The next major resistance is near the $ 2.80 level. A closing price above $ 2.80 could trigger another move towards the $ 3.00 level.

Litecoin (LTC) is stable above the USD 170 level. If LTC breaks the $ 175 resistance, it could break even above $ 180. Further gains could open the doors for a move towards the $ 2.88 level. The next major resistance for the bulls is near the $ 3.00 level.

Dogecoin (DOGE) is rebounding above the $ 0.270 level. Immediate resistance is near the $ 0.280 level. A sharp break above $ 0.280 and $ 0.288 could take the price towards $ 0.300. If it falls again, the price could revisit the USD 0.250 support zone.

XRP price found strong support near the $ 1.05 level. The price began rising again above the $ 1.10 and $ 1.12 levels. The next major resistance is at $ 1.15, above which the price could move towards $ 1.20.

Different Altcoins Market Today

Many altcoins are up 5%, including AR, CELO, SOL, REV, LUNA, PERP, RUNE, HNT, AVAX, and FTT. Of these, AR rose 30% and broke the USD 30.00 mark.

To sum up, Bitcoin price is rising and trading over $ 47,000. If BTC breaks the USD 48,000 resistance, BTC could accelerate higher towards USD 50,000.

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Bitcoin and Ethereum show signs of life, Cardano gains traction 101


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