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Crypto Market February 15, 2022: Bitcoin Recovers as Altcoins Skyrocket

Crypto Market Feb 15, 2022: Bitcoin price finds strong buying power above $41,500. As a result, BTC has started a steady rise above the $42,500 resistance area.

At 04:13 UTC, BTC is trading above $43,600. It rose nearly 4% in one day, recouping almost all of its weekly losses.

Similarly, most of the major altcoins are steadily rising. ETH managed to bounce above the $3,000 resistance area and is now up almost 6% in one day, reducing its weekly loss to less than 4%. XRP is trading above the $0.820 pivot level. ADA is up almost 5% and testing the $1.08 resistance.

Crypto Market February 15, 2022: Bitcoin Price

After a sharp decline, bitcoin price BTC formed a base near $41,500 and started a fresh increase above the $42,500 resistance. It even crossed the $43,500 line to move into a positive zone. On the upside, initial resistance is near $43,800. The next resistance is near $44,000, above which the price might gain bullish momentum.

On the upside, the immediate support is near the $43,200 level. The next key support is near $42,500, below which the price might struggle in the short-term.

Crypto Market February 15, 2022: Ethereum price

Ethereum price also followed bitcoin and rallied above the $2,950 resistance. ETH even climbed above $3,000 to enter the positive zone. It is currently facing resistance near $3,050. The next key resistance could be near the $3,120 region.

If there is another bearish wave, the price can find support near $2,950. Next major support is $2,850, below that a drop to $2,750 is possible.

Crypto Market February 15, 2022: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) remained stable above the $1.00 support and rallied above $1.05. The bulls pushed the price towards $1.08, cutting its weekly loss to 10%.

Binance Coin (BNB) scaled above the $400 and $405 resistance levels and also recovered above $412. Further gains could require a move above $420.

Solana (SOL) is up nearly 9% and has a notable move above the $100 level. Immediate resistance is near $105. The main barrier remains at $112, above which the bulls can gather strength.

DOGE is still struggling below the $0.155 resistance. If there is a clear bullish breakout, a rally to $0.165 is possible. On the upside, $0.142 is the key support.

XRP price is consolidating above the $0.820 support. On the upside, $0.85 is a major resistance. A break above $0.85 could open the door for a rally to $0.92 or even $1.00.

Crypto Market February 15, 2022: Another altcoin market

Many altcoins are up more than 5%, including LUNA, AVAX, DOT, SHIB, MATIC, ATOM, LINK, UNI, NEAR, FTT, ALGO, and MANA. Of these, AVAX is up more than 9% and is trading above $84 after erasing all weekly losses.

Overall, bitcoin price is recovering above $43,500. If BTC breaks $44,000, it can rally towards the $45,500 resistance area in the short term.

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Important NOTE: All content on the website is for informational purposes only and in no way constitutes investment advice. Your money, the choice is yours.

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.

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