Crypto Currencies 3.png

Title: Bitcoin Price and Ethereum Primed for Gains, XRP Starts Fresh Rally

September 30, 2022 12:18 AM ET

By: AnalysisWatch

The Bitcoin price has settled above the $19,000 level. BTC is currently (03:10 UTC) consolidating above the $19,200 level. A clear rise above the $19,500 and $19,600 resistance levels could trigger a renewed surge.

Similarly, most major altcoins could see a decent rise. ETH seems to be targeting an upside breakout above $1,340 and $1,350. XRP gained momentum and broke above the $0.48 resistance zone. ADA is still stuck near the $0.435 level. Bitcoin price

Yesterday, the bitcoin price started a recovery wave above the $19,000 mark. BTC even managed to hold above the $19,200 level and the 50-hour simple moving average. However, the price is facing major resistance near the $19,600 zone. A clear rise above $19,600 could push the price to $20,000. The next major resistance is at $20,500, above which the price could return to the $21,200 area.

On the downside, initial support is at the $1,315 level. The next important support is at $1,300, below which prices could fall to $1,255. ADA, BNB, SOL, DOGE, and XRP prices.

Cardano (ADA) is stable near the level of $0.435. Immediate resistance is located at $0.442. The first major resistance is near the $0.45 zone, above which the price could gain upward momentum.

Solana (SOL) is gaining momentum above the $33.50 resistance. The price is now approaching the $35 resistance level. If the bulls stay in action, the price could overcome the $35 level and rise towards $36.50.

The XRP price formed a base and started a new rally above the $0.45 resistance. The price has overcome the $0.48 resistance and could continue to rise towards the $0.50 level in the near future. Today's market for other altcoins

Overall, the bitcoin price is holding its gains above the critical $19,000 mark. If BTC overcomes the $19,600 mark, it could rise towards the $20,000 mark or even $20,500.

Title: TA: Ethereum Price Momentum Above $1,320: Here’s Why Bulls Are Comfortable

September 30, 2022 01:48 AM ET

By: AnalysisWatch

Ethereum started a consolidation phase above $1,300 against the US dollar. ETH could start a rebound if there is a clear move above $1,350.

Ethereum started a steady recovery wave above the $1,300 resistance zone. Bulls were active above the $1,300 level, and ETH established itself in a short-term positive zone.

There was a clear move above the 50% Fib retracement level of the important decline from the high of $1,400 to the low of $1,252. The ether price even rose above the $1,340 resistance, but the upside was limited. It is now trading above $1,310 and the 100-hour simple moving average.

There is also an important bearish channel forming on the hourly chart of ETH/USD with resistance at $1,340. On the upside, the price is encountering resistance at $1,340 and $1,350.

The next important resistance is at $1,364. It is near the 76.4% Fib retracement level of the important decline from the high at $1,400 to the low at $1,252. A clear break above $1,364 could initiate a decent rise towards the $1,400 level.

If Ethereum fails to climb above the resistance at $1,340, a new decline could begin. The initial support on the downside is near the $1,310 level.

The next important support is near the $1,290 level and the lower trend line of the channel. A break below $1,290 could send the price towards $1,265 in the short term. Further losses could intensify selling and the price could fall to $1,250 or even $1,220.

Crypto Currencies 6.png