Crypto Markets Sep 30 by cryptonew: Bitcoin price begins to recover above the USD 42,500 resistance. BTC broke the $ 43,200 mark and moved into a positive zone. At 04:55 UTC, BTC is trading above $ 43,500 but could encounter resistance near $ 44,400.
Similarly, most of the big altcoins also recover. ETH has rebounded nearly 4% and could break the $ 3,000 resistance. XRP is back above $ 0.950 while ADA is consolidating below $ 2.15 and could hit hurdles near $ 2.20.
After the Bitcoin price formed a base of over $ 42,000, it rose steadily. BTC has broken the $ 43,000 and $ 43,200 resistance levels. The price is showing positive signs right now, with an immediate hurdle near the $ 44,000 mark. The next major resistance is near the $ 44,400 mark, above which the price could even exceed $ 45,000.
On the flip side, instant support is close to $ 43,000. The next major support is currently forming near $ 42,500, below which the price may test $ 42,000.
Ethereum price accelerated above the USD 2,950 resistance level. ETH is up nearly 4% and is trading above $ 3,000. If the bulls stay active, a rally to the $ 3,100 level is possible. The next major breakout zone is near the $ 3,120 and $ 3,150 levels.
On a downward correction, initial support is at $ 2,980. The first major support is currently forming near the $ 2,820 mark.
Cardano (ADA) is consolidating near the $ 2.12 mark. If ADA gains speed to move above $ 2.15 it may revert to the critical resistance of $ 2.20. To go any further up, price has to cross the USD 2.20 resistance. Otherwise, the big breakout support is close to $ 2.02 and $ 2.00.
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Litecoin (LTC) is up more than 4% and has broken the USD 150 resistance. The next major resistance is at $ 155. A closing price above this level could move the price towards $ 165. Conversely, the price could drop in the area towards the $ 140 mark.
Dogecoin (DOGE) is trying to rally above $ 0.202. Immediate resistance is near the 0.205 level. If there is a significant break above $ 0.205, the price can test the $ 0.212 pivot level. On the flip side, the $ 0.200 level is a major support
XRP price stayed above $ 0.900 and tried to climb above the $ 0.950 resistance. It could test the $ 0.980 level, but the main hurdle is at $ 1.0. A closing price above this level is necessary in order to initiate a steady rise in the short term.
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Ethereum price accelerated above the USD 2,950 resistance level. ETH is up nearly 4% and is trading above $ 3,000. If the bulls stay active, a rally to the $ 3,100 level is possible. The next major breakout zone is near the $ 3,120 and $ 3,150 levels. On a downward correction, initial support is at $ 2,980. The first major support is currently forming near the $ 2,820 mark.
Ethereum price accelerated above the USD 2,950 resistance level. ETH is up nearly 4% and is trading above $ 3,000. If the bulls stay active, a rally to the $ 3,100 level is possible. The next major breakout zone is near the $ 3,120 and $ 3,150 levels.
On a downward correction, initial support is at $ 2,980. The first major support is currently forming near the $ 2,820 mark.
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