Cryptocurrency Market September 23rd: Signs of recovery in most cryptocurrencies
Cryptocurrency market on September 23, according to cryptonew: Bitcoin price is still well supported above the $ 40,000 zone. As a result, BTC has started a steady rebound above $ 43,000. At 04:49 UTC, BTC was up over 5% and could accelerate even higher above $ 44,000.
Likewise, most of the big altcoins are rising steadily. ETH rebounded nearly 10% and broke the $ 3,000 resistance area. XRP is up nearly 11% and has broken the $ 1.00 resistance. ADA is also rising and has passed the critical resistance of $ 2.20.
Cryptocurrency Market September 23: Bitcoin Price
After Bitcoin price based above $ 41,200, a new upward move began. BTC has broken the resistance levels of $ 42,500 and $ 43,000. It is currently attempting to close over $ 44,000. If the bulls stay active, a continuation to $ 45,000 is possible. The next major resistance could be at $ 45,500.
On the flip side, instant support is at $ 43,200. The next major support is currently forming near $ 42,500 below which a new decline could begin.
Cryptocurrency Market September 23: Ethereum Price
Ethereum price accelerated above the $ 2,880 and $ 2,950 resistance levels. ETH even surged above the $ 3,000 mark. It is showing positive signs, but the bulls may encounter resistance near the $ 3,200 level. If there is a significant break above $ 3,200, a rally to $ 3,350 is possible.
Otherwise, the price could correct downwards towards the USD 3,000 support. A break below $ 3,000 could open the door to a new test of $ 2,880.
Crypto market September 23: ADA, LTC, DOGE and XRP prices
Cardano (ADA) formed a base above the USD 2.00 support and started a big rally. It broke the $ 2.12 and $ 2.20 resistance levels. It’s up more than 12% and is trading near $ 2.30. The next major resistance is at $ 2.35, above which the bulls can test $ 2.50.
Litecoin (LTC) is up 7% and back over USD 160. The bulls are currently struggling near the $ 162 and $ 165 levels. A significant break above USD 165 can take the price towards USD 175. The next major resistance is near the $ 188 level.
Dogecoin (DOGE) is up 11% to break the $ 0.220 resistance. It tests the $ 0.225 level and may continue to climb to the $ 0.232 resistance level. Any further gains could open the door to a move towards $ 2.50.
XRP price also rose above the $ 0.950 and $ 1.00 resistance levels. It is up nearly 11% and is trading near the $ 1.02 level. If the bulls remain active, the price may rise to the $ 1.08 and $ 1.10 levels in the short term.
Cryptocurrency Market September 23rd: Another Altcoin Market
Many altcoins are up more than 15%, including AR, LUNA, ATOM, PERP, FTM, IOST, XTZ, HBAR, AXS, AVAX, DOT, MANA, SOL, and ENJ. Of these, AR rose 34% and passed the $ 50 mark.
Overall, Bitcoin price above $ 43,500 is showing positive signs. If BTC levels off above $ 44,000, there is a chance it could rally to $ 45,000 or even $ 46,200.
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