Cryptocurrency market September 17: Bitcoin and Ethereum merge, SHIB soars
Crypto market September 17th by cryptonew: Bitcoin price corrected out of the resistance area of $ 48,500. The cops were active above the $ 47,000 mark. At 04:28 UTC, BTC was consolidating near $ 48,000 and could attempt to break above $ 48,500 again.
Also, most of the major altcoins trade below the major hurdles. ETH corrected down towards USD 3,500 and is currently facing resistance near USD 3,600. XRP could begin to rebound more strongly if it breaks the USD 1.12 resistance. Similarly, ADA was still unable to redeem $ 2.50.
Cryptocurrency Market September 17th: Bitcoin Price
After a short-term downward correction, Bitcoin price found support near the $ 47,000 region. BTC formed a base and began rising again above $ 47,500. The price is currently showing positive signs and is facing hurdles near $ 48,000. The next major resistance is near $ 48,500, above which price could gain momentum.
On the flip side, instant support is at $ 47,500. The first major support is at $ 47,000, below which a correction to $ 46,500 is possible.
Cryptocurrency Market September 17th: Ethereum Price
The Ethereum price extended profits above the $ 3,600 mark. ETH even tested $ 3,675 before a bearish correction. It broke the $ 3,600 mark, but the bulls were active near the $ 3,500 mark. The price is currently rising, with key resistance near the $ 3,600 mark. A closing price above $ 3,600 could trigger new gains.
If there is another downward correction, the price could find support at $ 3,500. Any further losses could move the price towards $ 3,440.
Crypto Market September 17th: ADA, LTC, DOGE and XRP prices
Cardano (ADA) is still trading below the $ 2.50 resistance. To start a stronger rally, the price must cross $ 2.50 and $ 2.55. If so, the price could drift towards $ 2.80. Otherwise, it can be corrected down towards $ 2.25.
Litecoin (LTC) extended its gains above the 188 level. However, there is no test for the $ 200 resistance level. LTC tested $ 195 and is currently consolidating under $ 190. On the downside, the price could find bids near the USD 180 level.
Dogecoin (DOGE) is rising and has moved above the $ 0.250 resistance as the bulls are currently targeting $ 0.265. The next major resistance is near $ 0.280. Conversely, the price could drop below $ 2.35. The next big support is near the $ 0.220 level.
XRP price failed to break the $ 1.12 resistance area. It is currently consolidating near the $ 1.10 mark. If it closes above $ 1.12, it can rally to $ 1.20. Otherwise, it risks falling below the key USD 1.00 support area.
Cryptocurrency Market September 17th: Another Altcoin Market
Many altcoins are up more than 5%, including SHIB, AUDIO, ATOM, AVAX, ALGO, EGLD, ZIL, BSV, CEL, LUNA and TRX. SHIB rose on Coinbase list news to hit $ 0.00000898. In contrast, TEL, REN, CRV, ZEN and REV all decreased by more than 5%.
Overall, Bitcoin price is trading in a positive zone above USD 47,000. If BTC breaks through $ 48,000 and $ 48,500, it can rally towards $ 50,000.
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