SOL Gained 10% While Post-FED BTC, ETH Rally Comes To A Halt

SOL gained 10% while the post-FED sentiment put a stop to the BTC and ETH rally so let’s take a closer look at the analysis in today’s altcoin news.

Bitcoin’s price started a recovery wave to $48,500 and Ethereum surged above $4000. However, SOL gained 10% and broke the $175 level. BTC formed a base near the $47,200 zone starting a recovery wave and climbing above the $48,500 zone on the news from the Federal Reserve. Right now it is facing some strong resistance near the $49,500 zone as the bulls are looking for a break above $50,000. Both BTC and ETH faced strong resistance.

Most major altcoins are moving higher with ETH jumping almost 4% and clearing a move above $4000. XRP managed to climb above the $0.820 resistnace with ADA gaining 3% and a move above $1.30. after forming the base at $47,200, BTC started a steady increase and was able to clear the $48,500 but then faced a strong resistance near $49,500. the main resistance now could be near the $50,000 zone which is a close above it being able to spark a new increase in the near term. The immediate support on the downside is near the $48,200 level with the next major support nearing the $47,500 level below which a new decline could be initiated.

Ethereum started a steady increase above $3880 with the coin gaining over 3% and moving above the $4000 resistance. To go even higher, the bulls have to push the price even higher to the next resistance near $4200. Cardano gained pace above the $1.24 resistance and it is up by 3% with a break above the 1.30 resistance. The next zone will be near $1.32 above which the price could increase to $1.35. Binance Coin is moving higher and it is trading near the $525 level with the first key resistance being near $542 which could test the $550 soon. More gains could lead the price towards $565.

Solana’s SOL is up 10% with a clear break above the $172 resistance and it is now approaching the $180 level with the main hurdle near $188. DOGE is consolidating the gains near $0.180 with the immediate resistance near 180 with the immediate resistance near $0..
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188 which could enable the coin to revisit $0.20. XRP’s price could soon clear the $0.820 resistance zone and it is now heading towards $0.835 above which it could test the $0.85 region with more upsides leading the price towards 0.92.