Bitcoin maintains its position near the $25.000 zone and is showing signs of a wave of recovery. At the time of publication, it is trading below the key resistance zone at $25.300 but is up 1,5% one day and 13.8% over the past 7 days.
Furthermore, most major altcoins are showing signs of recovery. Ethereum has again breached the resistance zone at $1.700. XRP is consolidating above the $0,40 level. ADA also rose above $0,40. MATIC bulls are struggling near $1,45 and preparing for a further move.
In this article, we will discuss:
bitcoin price
After a rise, the bitcoin price found resistance near the $25.250 zone. The price is now consolidating above the $24.500 zone. BTC needs to break the $25.300 level and test the key resistance of $26.000 in the near term. A show of strength from the bulls above the $26.000 level could generate a rally to the major resistance near the $28.200 level.
If there is a further decline, the price could find support near the $24.200 level. The next major support is at the $23.500 level, below which the price could drop again.
Ethereum Price
O ethereum price it also started a rally above the $1.720 level and tested the $1.745 zone until correcting downside. ETH is now looking to consolidate above the $1.720 level, it continues to trade near the 1.700 level, up 0.6% and 13.8% over the past 7 days at press time. On the upside, the price must move to test the $1.820 zone or up to the resistance at $2.000.
On the downside, an initial support is near the $1.680 level. The next major support is near the $1.650 level, below which the price could start a fresh decline.
Price of ADA, XRP, DOGE, MATIC and SHIB
O cardano price (ADA) rose to the USD 0,42 level before starting a bullish correction. The price is above $0,4050 and could move higher towards the $0,52 level in the near term.
O XRP price rebounded above the $0,40 level. The main breakout zone is now forming near the $0,45 level, above which it could test $0,50.
O DOGE price is facing resistance near the USD 0,092 level. On the upside, the main resistance zone is forming near the USD 0,10 level.
O MATIC price gained strong bullish momentum at the USD 1,45 zone and tested USD 1,55 before correcting downside. The main resistance zone is now forming near USD 1,75.
O SHIB price tested zone of USD 0.00001390 and is now correcting downside near USD 0.00001344. On the upside, the USD 0.00001395 zone represents the main resistance for the bulls, a move above this zone could push the price up to USD 0.00001450.
Overall, Bitcoin value is signaling a significant recovery above $26.000. If the close above this zone is effective, the bulls should test the resistance at $30.000, it is possible that a constant upward trend will occur in the short term.
