03 Oct 2022 · 2 min read
Bitcoin price remained in a range above the $18,900 level. BTC is currently (11:10 UTC) eyeing an upside break above $19,300. If there is a close above $19,300 and $19,500, there could be a sustained move higher.
Similarly, most major altcoins are eyeing an upside break. ETH is struggling to clear the $1,320 resistance zone. XRP might attempt a fresh increase above the $0.455 resistance. ADA is consolidating above $0.42.
After a minor decline below $19,000, bitcoin price found support. BTC remained in a range near the $19,000 level. It is now facing a decent resistance near the $19,250 zone and the 50-hour simple moving average. There is also a connecting bearish trend line at $19,300 on the hourly chart. The next major resistance is near $19,500, above which the price might test the $20,000 zone.
On the downside, an initial support is near the $18,900 level. The next major support is near the $18,500 zone, below which the price could gain bearish momentum.
Ethereum price also spiked below the $1,280 level. ETH tested the $1,260 support zone and is currently correcting higher. It is now facing resistance near the $1,300 level and a connecting bearish trend line on the hourly chart. The 50-hour simple moving average is also just above the trend line. The next major resistance is near the $1,320 level, above which the price could visit the $1,350 resistance.
On the downside, an immediate support is near the $1,280 level. The next major support is $1,260, below which price could gain bearish momentum.
Cardano (ADA) is now consolidating above $0.42. If there is a downside break, the price might test $0.405. The next major support sits at $0.400.
BNB is attempting a slow increase above the $285 level. The first major resistance is near the $295 and $300 levels. Any more gains might send it towards $312 in the coming sessions.
Solana (SOL) is holding the $32 support level. If there is a fresh increase, the price might face resistance near the $33.50 level. The next major resistance on the upside sits at $35.
DOGE is fluctuating near the $0.060 level. An immediate resistance is near the $0.0608 level, above which the price might test $0.0620. The main support sits near the $0.0585 level.
XRP price is struggling to rise above the $0.45 zone. If there is a clear move above the $0.450 and $0.455 level, the price could test $0.465. The next major resistance sits near the $0.48 level.
A few altcoins are slowly rising, including RSR, MKR, EGLD, UNI, CAKE, BNB, LEO, XTZ, RVN, BNX, and TWT. Out of these, RSR gained over 5% and surpassed the $0.010 level.
Overall, bitcoin price is attempting an upside break above the $19,300 and $19,500 levels. If BTC succeeds, the price could rise towards the $20,500 level.
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Bitcoin Price and Ethereum Could Make a Sustained Move Higher
- Bitcoin price is eyeing an upside break above $19,500.
- Ethereum is facing resistance near $1,320, XRP could rise again if it clears $0.455.
- RSR, MKR, and EGLD are up over 5%.
Bitcoin price remained in a range above the $18,900 level. BTC is currently (11:10 UTC) eyeing an upside break above $19,300. If there is a close above $19,300 and $19,500, there could be a sustained move higher.
Similarly, most major altcoins are eyeing an upside break. ETH is struggling to clear the $1,320 resistance zone. XRP might attempt a fresh increase above the $0.455 resistance. ADA is consolidating above $0.42.
Bitcoin price
After a minor decline below $19,000, bitcoin price found support. BTC remained in a range near the $19,000 level. It is now facing a decent resistance near the $19,250 zone and the 50-hour simple moving average. There is also a connecting bearish trend line at $19,300 on the hourly chart. The next major resistance is near $19,500, above which the price might test the $20,000 zone.
On the downside, an initial support is near the $18,900 level. The next major support is near the $18,500 zone, below which the price could gain bearish momentum.
Ethereum price
Ethereum price also spiked below the $1,280 level. ETH tested the $1,260 support zone and is currently correcting higher. It is now facing resistance near the $1,300 level and a connecting bearish trend line on the hourly chart. The 50-hour simple moving average is also just above the trend line. The next major resistance is near the $1,320 level, above which the price could visit the $1,350 resistance.
On the downside, an immediate support is near the $1,280 level. The next major support is $1,260, below which price could gain bearish momentum.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is now consolidating above $0.42. If there is a downside break, the price might test $0.405. The next major support sits at $0.400.
BNB is attempting a slow increase above the $285 level. The first major resistance is near the $295 and $300 levels. Any more gains might send it towards $312 in the coming sessions.
Solana (SOL) is holding the $32 support level. If there is a fresh increase, the price might face resistance near the $33.50 level. The next major resistance on the upside sits at $35.
DOGE is fluctuating near the $0.060 level. An immediate resistance is near the $0.0608 level, above which the price might test $0.0620. The main support sits near the $0.0585 level.
XRP price is struggling to rise above the $0.45 zone. If there is a clear move above the $0.450 and $0.455 level, the price could test $0.465. The next major resistance sits near the $0.48 level.
Other altcoins market today
A few altcoins are slowly rising, including RSR, MKR, EGLD, UNI, CAKE, BNB, LEO, XTZ, RVN, BNX, and TWT. Out of these, RSR gained over 5% and surpassed the $0.010 level.
Overall, bitcoin price is attempting an upside break above the $19,300 and $19,500 levels. If BTC succeeds, the price could rise towards the $20,500 level.
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