DOGE Surges 50% To New ATH, Ethereum and Bitcoin Consolidate

Bitcoin value remained in a variety above the USD 53,500 and USD 54,000 help ranges. BTC appears to be dealing with a robust resistance close to USD 56,000 and it’s presently (04:00 UTC) consolidating close to USD 55,000. If there’s a recent decline, the bulls would possibly defend USD 52,000.

ETH began a draw back correction after buying and selling to a brand new all-time excessive above USD 3,500. XRP/USD additionally corrected decrease and examined the USD 1.42 help.

Total market capitalization

Source: www.tradingview.com

Bitcoin value

After a downward transfer, bitcoin value shaped a help base above the USD 53,000 zone. BTC corrected larger above USD 55,000, however it’s dealing with a robust resistance close to USD 55,500. The key breakout zone is close to the USD 56,000 degree. A profitable shut above the USD 56,000 degree is a should to begin a gentle enhance.
On the draw back, an preliminary help is close to the USD 54,200 and USD 54,000 ranges. Any extra losses would possibly put stress on the bulls and the value would possibly decline in direction of USD 52,000.

Ethereum value

Ethereum value remained in a robust uptrend and it broke the USD 3,500 degree. After buying and selling to yet one more all-time excessive, ETH began a draw back correction under USD 3,400. It even traded under USD 3,350 and it’s now buying and selling round USD 3,300.
An preliminary help on the draw back is close to the USD 3,250 degree. The first main help is close to USD 3,200, under which the value would possibly check USD 3,120.

BNB, LTC, DOGE, and XRP value

Binance Coin (BNB) once more failed to remain above the USD 650 pivot degree. BNB corrected beneficial properties and examined the USD 625 help. If there are extra losses, the bears would possibly goal for a check of the USD 605 and USD 600 help ranges.
Litecoin (LTC) began a gentle enhance above the USD 300 resistance degree. LTC even spiked above the USD 340 degree and is now consolidating beneficial properties. If there’s a recent enhance, the bulls would possibly goal for a break above the USD 350 barrier. On the draw back, the USD 320 degree is a good help.
Dogecoin (DOGE) outperformed bitcoin and ETH, with a robust transfer above the USD 0.50 degree. DOGE gained over 50% and it traded to a brand new all-time excessive above the USD 0.65 degree. It looks like the bulls are aiming for a check of USD 1.00 within the subsequent few days.
XRP value began a draw back correction under the USD 1.50 pivot degree. The value broke the USD 1.45 help and it even examined USD 1.42. If there are extra losses, the bulls would possibly wrestle to guard the USD 1.40 help zone within the close to time period.

Other altcoins market right now

A couple of altcoins gained over 10%, together with ETC, LINK, DASH, WAVES, EOS, BCH, TEL, BTG, ZEC, and OMG. Out of those, ETC is gaining tempo and it traded above the USD 75 degree.

Overall, bitcoin value is consolidating under the USD 55,500 and USD 56,000 resistance ranges. If BTC continues to wrestle, there might be a recent decline in direction of the USD 52,000 degree.

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About the Author: Daniel