Crypto market

Cryptowatch: Bitcoin and Ethereum continues Bullish trend

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Bitcoin price stayed above the USD 22,500 mark while Ethereum recovered and almost tested USD 1,600, XRP is moving higher, MATIC rallied 12%, while SNX, APE, and CRV outperform.

After extending its correction below USD 23,000, bitcoin managed to stay above the USD 22,500 support and moved higher again. It is currently (03:50 UTC) trading near USD 22,950 and is up almost 1% in a day and 12% in a week.

Similarly, most major altcoins are showing signs of a fresh increase. ETH climbed 5% and almost retested the USD 1,600 resistance zone. XRP stayed above the key USD 0.35 support. ADA is attempting an upside break above the USD 0.50 zone.

Cardano (ADA) managed to stay above the USD 0.465 level. It is recovering losses and approaching the USD 0.50 resistance. A close above the USD 0.50 zone could start a stronger increase in the coming sessions.

BNB tested the key USD 250 support zone. It is now rising and trading above USD 262. The next major resistance is near USD 272, above which the price may perhaps rise towards the USD 288 level.

Solana (SOL) spiked below the USD 40 support zone but downsides were limited. The price is now back above USD 42 and seems like the bulls are aiming for a move toward the USD 45 level.

DOGE is attempting a fresh increase above the USD 0.0700 barrier. If the bulls succeed, the price could even surpass the USD 0.072 level. The next major resistance is near the USD 0.075 level.

XRP price is holding the USD 0.35 support zone. It is moving higher towards the USD 0.375 level. The next major resistance is near USD 0.388, above which the bulls could clear the USD 0.40 barrier.

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