Cryptocurrency Market Oct 26, 2021: Bitcoin and Ethereum Show Signs of New Rise

Cryptocurrency market October 26, 2021 according to cryptonew: Bitcoin price formed a base and climbed above the $ 62,000 resistance. BTC broke the $ 62,500 mark and surged to over $ 63,000. At 04:32 UTC, BTC is trading below $ 63,000 but could rise to $ 64,500 in the short term.

Also, most of the major altcoins are showing positive signs. ETH is up 2% and is trading above $ 4,200. XRP is headed for a major breakout above the $ 1.12 and $ 1.15 levels. ADA is rising towards the $ 2.20 resistance area.

Cryptocurrency Market October 26, 2021: Bitcoin Price

After Bitcoin price rose above $ 62,000, it was able to soar above $ 62,500. BTC even surged to over $ 63,000, but without a convincing closing price. The price is currently consolidating below $ 63,000. A successful closing price above $ 63,000 could initiate a steady rise. Immediate resistance is near the $ 63,200 mark. The next major resistance is at $ 64,500, above which a rally to $ 65,000 is possible.

On the flip side, the initial support is at $ 62,000. The first major support is at $ 61,500, below which it may drop to $ 60,000.

Cryptocurrency Market October 26, 2021: Ethereum Price

Ethereum price is also rising and trading above $ 4,200. ETH is currently facing resistance near the $ 4,250 mark. A significant break above $ 4,250 could set the pace for a bigger rally. The next stop for the bulls could be at $ 4,400.

Immediate support on the downside is near the $ 4,200 mark. The first major support is currently forming near the $ 4,120 mark.

Cryptocurrency Market October 26, 2021: ADA, LTC, DOGE and XRP prices

Cardano (ADA) rises to the $ 2.18 and $ 2.20 resistance levels. A close above $ 2.20 could trigger a new rally. The next major resistance is at $ 2.32. If it drops again, the price can revert to $ 2.12. The next big support is near the $ 2.10 level.

Litecoin (LTC) is back above the $ 195 level. The bulls are facing a major hurdle near the $ 200 mark. A closing price above $ 200 could set the pace towards $ 212. On the downside, $ 188 is good support right now.

Dogecoin (DOGE) tested the USD 0.272 resistance before initiating a downward correction. Price is consolidating near $ 0.265, with decent support at $ 0.255. The main breakout support is currently forming near the $ 0.250 mark.

XRP price remains stable near the critical support at $ 1.05. It’s back above $ 1.10 and could accelerate above $ 1.12. The next major resistance is at $ 1.15, above which a rally to $ 1.20 is possible. Otherwise, the price could drop to the USD 1 support level.

Cryptocurrency Market October 26, 2021: Another Altcoin Market

Many altcoins are up more than 8% including SCRT, CRV, NEAR, ALGO, ICP, MINA, FTM, COMP, ONE, TEL, CHZ and ENJ. Of these, SCRT is up 34% to top $ 8.50.

Overall, Bitcoin price is moving higher and trading over $ 62,000. If BTC levels off above $ 63,000, it could see a move towards $ 65,000 in the near future.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.