SOL rose by 10% as BTC is about to break after the Fed, the ETH race
SOL added 10%, while post-Fed sentiment halted BTC and ETH gains. So let’s take a closer look at the analysis in today’s news for altcoins.
Bitcoin price started to climb to $ 48,500 and Ethereum climbed above $ 4,000. However, SOL jumped 10% and surpassed $ 175. BTC formed a base in the $ 47,200 region, launched a recovery wave and rallied above the $ 48,500 area, according to the reserve. Right now, it is facing stiff resistance near the $ 49,500 zone as bulls expect a break above $ 50,000. Both BTC and ETH are facing strong resistance.
Most of the major altcoins are up nearly 4%, with ETH breaking the $ 4,000 mark, with XRP managing to climb above the $ 3,820 resistance, while the ADA is up 3% and hovers above $ 1.30. Based on the $ 47,200 level, BTC started to rally steadily and surpassed the $ 48,500 mark, but then faced strong resistance around $ 49,500. Current major resistance could be in the $ 50,000 area and the closing price is higher, which could trigger new gains in the short term. Immediate support on the downside is around $ 48,200, and the next big support is around $ 47,500, below which another decline could start.
Ethereum started a steady bounce above $ 3,880, with the coin rallying more than 3% and breaking the $ 4,000 resistance. To move higher, the bulls will have to push the price higher towards the next resistance around $ 4,200. Cardano accelerated above the $ 1.24 resistance and rebounded 3% on a break above the 1.30 resistance. The next zone will be around the $ 1.32 level, above which a rally to $ 1.35 is possible. Binance Coin moves up and is trading near the $ 525 level with the first major resistance around $ 542. The $ 550 trial is coming soon. Further wins could push the price up to $ 565.
Solana’s SOL rallied 10% on a significant break above the $ 172 resistance and is now approaching $ 180 with a key pullback near the $ 188 level.
DOGE is consolidating gains around $ 0.180 with immediate resistance around $ 0.188, which could allow the coin to return to the $ 0.20 level. XRP price could soon break the $ 2,820 resistance area and is currently approaching $ 0.835, above which it could test the $ 0.85 area with multiple uptrends that will push the price towards 0.92.
