Bitcoin Trends Lower, Ethereum Fluctuates, APE Enters Top 70
- Bitcoin price moves lower towards USD 40,000.
- Ethereum keeps fluctuating near USD 2,800, XRP is still below USD 0.80.
- Newly-released APE entered the list of the top 70 coins by market capitalization.
Bitcoin price moved below USD 40,500 but it remained well bid above the USD 40,000 level. BTC could rise further if there is a clear move above the USD 41,550 level. It is currently (11:56 UTC) holding support and dips might be limited in the near term.
Similarly, most major altcoins are trading above important supports. ETH is stable and might surge further above USD 2,850. XRP is still struggling to clear the USD 0.80 level. ADA must clear USD 0.85 for a sustained move higher.
Total market capitalization
In the past few sessions, bitcoin price remained in a positive zone. BTC could start a steady increase if there is a clear move above USD 41,250 and USD 41,550. The next key resistance is near the USD 41,850 level, above which the price might rise towards the USD 42,500 level in the near term.
Conversely, the price might extend decline below the USD 40,000 support. The next key support is near the USD 39,200 level, below which the price may perhaps test the USD 39,000 support zone.
Ethereum price is holding gains above the USD 2,750 level. If there is a daily close above USD 2,800 and USD 2,830, the price might start a steady increase. The next major stop for the bulls may perhaps be near the USD 3,000 level.
If there is a downside correction, the price might decline below USD 2,750. The next major support is near USD 2,700, where the bulls might take a stand.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) retreated lower from the USD 0.85 resistance zone. However, the price is still above the USD 0.80 level. If there is a downside break, the price could decline towards USD 0.75.
BNB might soon attempt an upside break above the USD 400 resistance zone. If the bulls succeed, the price could start an increase towards the USD 412 and USD 415 levels in the near term.
Solana (SOL) settled near the USD 85 resistance, while the next resistance is near the USD 92 level. If there is an upside break, the bears might take a stand near the USD 100 level.
DOGE struggled to continue higher above the USD 0.118 resistance. If there is a bearish reaction, the price could decline towards the USD 0.112 support. The main support is near the USD 0.105 level.
XRP price must settle above the USD 0.80 resistance to start a steady increase. If there is a daily close above USD 0.80, the price might reach USD 0.85 or even USD 0.88. The next major resistance is near the USD 0.92 level.
Other altcoins market today
A few altcoins are in the green zone, including AVAX, LINK, ALGO, WAVES, HNT, AAVE, MKR, CAKE, and XEC. Meanwhile, the newly-released APE jumped 47% in a day and is now the 65th largest cryptoasset by market capitalization, per CoinGecko data.
To sum up, bitcoin price still might start a steady increase above USD 41,250 and USD 41,550. Conversely, the bears need to push BTC below USD 39,000 to move it into a bearish zone.