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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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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.