Crypto Market February 8, 2022: Bitcoin and Etherneum Sustain Gains Alongside Major Altcoins

Crypto Market February 8, 2022: Bitcoin price remains in a positive zone above the $40,000 resistance. BTC even cleared the resistance from $43,500 and understood it to $44,500. At 04:09 UTC, Bitcoin consolidates gains at $44,200.

Similarly, most of the major altcoins went bullish momentum. ETH managed to settle above the USD 3,120 resistance level. XRP is up 21%, surpassing $0.88. ADA broke the $1.22 resistance level.

Cryptocurrency Market February 8, 2022: Bitcoin price

After a strong rally above $40,000, bitcoin price managed to break the $43,500 resistance area and test the $44,500 resistance area. The next major resistance is near $45,000, above which the price could move higher.

On the downside is immediate support near $43,800. The next key support is now forming near $43,500, below which a downside correction might start.

Cryptocurrency Market February 8, 2022: Ehefereum price

Ehehereum price also rallied at the $3,000 level. ETH broke the $3,120 resistance and is currently trading near $3,150 while the immediate resistance stands at $3,200. The next key resistance is near $3.250.

The initial support is near $3,120. Next major support is near $3.020, sharper drop drop below.

Cryptocurrency Market February 8, 2022: ADA, BNB, Sol, Dogne and XRP prices

Cardano (ADA) is almost 7% split and it has deployed above the critical $1.20 resistance area. It even broke the $1.22 resistance area and is showing positive signs. The next major resistance is near $1.25.

Binance coin (BNB) spiked and tested the $440 resistance area where the bears have appeared. If there is a fresh rise, the price is likely to meet the USD 440 resistance and rally towards USD 450.

Solana (SOL) is struggling to clear the $120 resistance. If there is a clear break above $122, a rally to $132 is possible. Conversely, it may fall testing the $105 support.

Dogen is turning higher and trading above the $0.162 resistance. The next key resistance is near the $0.175 level. More gains could take to $0.188 towards $0.188 in the coming sessions.

XRP price is up 21% and has made a clear move above USD 0.80. The price even broke the $0.85 resistance and it was able to continue higher. The next major support for the bulls could be near $0.92. 

Cryptocurrency Market February 8, 2022: Another altcoin market

Many altcoins are up more than 5%, including LUNA, AVAX, SHIB, CRO, LTC, LINK, UNI, ALGO, TRX, BCH, XLM, and FMT. Of these, Matic is up 14% and surpasses the $2.0 level, bringing the weekly gain to 23%. Shib is up 19% in a day and 58% in a week at $0.000330.

Overall bitcoin price above Bullish Dynamum above $43,500. If bulls remain active, BTC could even surge above $45,000.

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