Cryptocurrency Market March 2, 2022: Bitcoin and Ethereum Gain Momentum, Altcoins Go Green

Crypto market March 2, 2022: Bitcoin price remains supported above $43,500 and scales above $44,500 before correcting lower again. As of 04:25 UTC, BTC is consolidating gains near $44,888 and is up almost 3% in one day.

Similarly, most major altcoins are also facing hurdles. ETH again broke the key resistance near $3,000 and is up almost 4%. XRP struggled to break the $0.80 resistance. ADA might continue to face hurdles near $1.00.

Cryptocurrency Market March 2, 2022: Bitcoin Price

After a steady increase, bitcoin price was able to settle above $43,500. BTC extended gains and surged to $45,000 where it was met with strong selling interest. It is currently consolidating gains and trading near $44,500. The next key support is $43,750, below that a drop to $43,200 is possible.

On the upside, the price is facing resistance near $44,500. The main breakout zone is currently forming near the $45,000 level, above which the price might accelerate.

Cryptocurrency Market March 2, 2022: Ethereum Price

Ethereum price extended gains above the $2,850 resistance. ETH even surged above the $3,000 resistance area. On the upside, initial support is near $2,900. The next key support is near the $2,850 area.

The price needs to settle above the $3,000 resistance area to start a stronger rally in the coming sessions.

Cryptocurrency Market March 2, 2022: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) gained bullish momentum above the $0.95 resistance level. The price even broke $1.00 but there was no bullish continuation. It is currently consolidating near the $0.95 pivot level.

BNB extended the rally above the $405 and $412 levels. It even surged above $420 but faced sellers near $425. On the downside, previous resistance near $400 could act as support.

Solana (SOL) is up more than 7% and it has moved well above $100. The next key resistance is near $105, above which a rally to $112 is possible.

DOGE is struggling to clear the $0.142 and $0.145 resistance levels. If there is a downside correction, the $0.130 level might offer support. The next key support is at $0.125.

XRP price broke the $0.78 resistance area. It even tried to move above the $0.80 resistance area but failed. It is currently correcting gains and trading near $0.78.

Cryptocurrency Market March 2, 2022: Another altcoin market

Many altcoins are up more than 5%, including LUNA, SHIB, NEAR, SAND, AXS, XMR, WAVES, RUNE, CHZ, KSM, and AR. LUNA extends gains above $95, while NEAR is up 21% to trade above $11.60 and RUNE is up 42% to $5.85. RUNE is now up 60% in a week, while NEAR is up 29%.

Overall, bitcoin price is facing another strong resistance near $45,000. If BTC corrects lower, it may find short-term support near $43,200.

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