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- Bitcoin price consolidates gains above USD 47,000.
- Ethereum is stable above USD 3,250, XRP consolidates above USD 1.
- AXS gained over 40%, DYDX and FLOW gained almost 11%.
The Bitcoin price began a downward correction from the USD 49,250 zone. BTC corrected lower below USD 48,000 level. It is currently consolidating (11:59 UTC) gains above the USD 47,000 and USD 46,500 support levels.
Similarly, most large altcoins also consolidate profits. ETH is stable and trading well above the USD 3,250 support. XRP is between the USD 1.00 And USD 1.08 Levels. ADA could correct lower to test the USD 2.12 Support zone.
Total market capitalization
After testing USD 49,250, the Bitcoin price began a downward correction. BTC was trading below the USD 48,500 and USD 48,000 levels. It even tested the USD 47,200 support level. The next big support is near the USD 46,500 level. If a downtrend occurs below the USD 46,500 support, there is a risk of movement towards the main USD 45,000 support zone.
On the upside, there is immediate resistance near the USD 48,000 level. The next key resistance is USD 49,250, above which the price could test USD 50,000.
The Ethereum price also began a downward correction from the USD 3,500 region. ETH sank below USD3,400 but is stable above USD 3,300. The next major support is near the USD 3,250 level, below which the price could test the USD 3,150 pivot level.
On the upside, a first hurdle is near the USD 3,400 level. The next key resistance is USD 3,420, above which the price could test USD 3,500.
ADA, LTC, DOGE and XRP Price
Cardano (ADA) corrected below the USD 2.20 Pivot level. It is now trading near USD 2.15 And it seems like it could be sinking towards USD 2.12 Support. Further losses may potentially push the price towards the USD 2.05 Level. The next important support is near the USD 2.00 Level.
Litecoin (LTC) consolidates near the USD 162 and USD 165 levels. If there is a downtrend, the price could test the USD 155 support. On the upside, bulls need to gain strength above USD 175 to move towards USD 188. The main hurdle for a larger rally is still close to USD 200.
Dogecoin (DOGE) has settled above the USD 0.210 Pivot level. However, the bulls face a difficult task near $ 0.220 And $ 0.222. If there is a close above USD 0.222, The price could move towards USD 0.235. On the other hand, the USD 0.205 And USD 0.200 Levels are important supports.
The XRP price has settled above the USD 1.00 Level and is now trading in a row. On the upside, immediate resistance is near USD 1.05. The main resistance is now near USD 1.088, Above which the price could rise towards USD 1.15. The next big resistance is near USD 1.20.
Other Altcoins market Today
Many altcoins are up over 5%, including AXS, DYDX, ALGO, SHIB, LUNA, FLOW, HNT, ENJ, HOT, TEL, ONE, and MANA. Of these, AXS rose 40%, surpassing the USD 150 level.
In summary, the Bitcoin price is trading in a range above the USD 46,500 support zone. As long as BTC is above USD 45,000, there could be another surge in the near future.