DOGE rises 50% to a new all-time high while Bitcoin’s price is struggling to gain momentum above $56K and ETH corrected lower and traded below $3350 as we can see in today’s dogecoin news and analysis.
DOGE rises 50% and it even surpassed $0.65. Bitcoin’s price remained in a range above the $53,500 support levels with the coin seemingly facing a strong resistance near the $56K and it is now consolidating near the $55K. If there is a fresh decline, the bulls could protect the $52,000. ETH started a downside correction after trading to a new ATH to $3500 with the XRP/USD pair correcting lower and testing the $1.42 support.
After the downward move, BTC formed a support base above $53,000 and the coin corrected higher above $55,000 but it is facing a strong resistance near the $55,500. The key breakout zone is now near the $56,000 level with a close above this level is a must to start a new increase. On the downside, there’s some support near the $54,200 and the $54,000 levels with more losses being able to put pressure on the bulls, and the price could drop to $52,000.
Ethereum’s price remained in a strong uptrend and broke the $3500 level after trading to another ATH. ETH started a new downside later below the $3400 zone and traded below the $3350 while now it is trading around $3300. The initial support on the downside is near the $3250 level with the first major support nearing the $3200 below which the price could test the $3120. Binance Coin failed to stay above the $650 level with it correcting the gains and testing the $625 support. If there are more losses, the bears could aim for a test of $605 support level.
Litecoin started a new increase above the $300 resistance level with the coin spiking above the 340 level and it is now consolidating the gains. If there’s a fresh increase, the bulls could aim for a break of the $350 level. Speaking of the winner, DOGE outperformed BTC and ETH with a strong move above $0.50 with the bulls aiming to test the .
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XRP on the other hand, started a new downside correction below the $1.50 pivot level as the price broke the US 1.45 support and tested the $1.42 level. If there are more losses, the bulls could struggle to protect the following support zones in the near term. A few other altcoins gained today like ETC, LINK, WAVES, EOS, DASH, BCH, ZEC, and BTG.
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