Bitcoin and Ethereum Signal Bullish Continuation, SHIB Rally 30%

by Arthur · August 15, 2022

Bitcoin price tested the key resistance of USD 25,000.
Ethereum Consolidates Near USD 2000, XRP May Test USD 0.40 Resistance Soon.
SHIB rose over 30%, and CEL briefly rose over 15%.

Bitcoin price held well above the USD 24,200 support zone. BTC even climbed above USD 24,500 and tested USD 25,000. It is currently consolidating (04:00 UTC) and seeing more upside above the USD 25,000 level.

Also, most major altcoins are showing positive signs. ETH crossed USD 2000 and started a consolidation phase. XRP may attempt an upside break above USD 0.388. ADA may rise towards the USD 0.60 resistance.

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Table of Contents

Bitcoin price

After a clear move above the USD 24,200 level, the bitcoin price extended its rally. BTC was able to clear the USD 24,500 resistance zone. Finally, it tested the USD 25,000 resistance zone. It is now seeing more gains above the USD 25,200 level. On the upside, the price may face resistance near the USD 25,400 level. The next resistance is near the USD 25,850 level, above which the price could test USD 26,000.

On the downside, an immediate support is at USD 24,650. The next major support is near the USD 24,500 zone, below which the price may start a downside correction.

Ethereum price

Ethereum price gained momentum for a move above the USD 1,950 level. ETH even broke the USD 2000 resistance to move further into a positive zone. An immediate resistance is near the USD 2040 level. The next key resistance is near the USD 2,080 level, above which the price may test the USD 2,120 resistance zone.

On the downside, the first support is near the USD 1,950 level. The next major support is near the $1,920 zone, below which the price could drop sharply.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) managed to clear the USD 0.55 resistance. It is consolidating near the USD 0.575 level. If there is a downside correction, the price may fall towards the USD 0.555 level.

BNB is stuck near the USD 325 level. The price now faces resistance near the USD 325 level. The next major resistance is near the USD 332 level, above which the price could start a steady rise.

Solana (SOL) settled above the USD 45.50 resistance zone. It is now struggling to clear the USD 48 resistance. If the bulls gain strength, the price may rise towards the USD 50 level.

The DOGE rallied over 8% and there was a clear move above the $0.080 resistance. The price faces resistance near the USD 0.0820 level, above which the price may retest the USD 0.0850 resistance.

XRP price tried to clear the resistance at USD 0.388 but failed. It is now consolidating and may attempt another move towards the $0.40 level.

Other altcoins market today

A few altcoins are showing positive signs, including SHIB, LEO, MANA, SAND, CEL, WAVES, GMT, GALA and HOT. Conversely, SHIB rallied over 30% and cleared the USD 0.0000165 resistance.

Overall, the bitcoin price is consolidating near the USD 25,000 zone. If BTC gains momentum, there could be a move towards the USD 25,800 level.
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