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  • The bitcoin price tested the $44,000 level.
  • Ether breaks through $2,850 resistance, XRP still below $0.80.
  • LUNA was up 23%, while WAVES was up 48%.

The bitcoin price has broken through major resistance at $40,000 and started a strong uptrend. After briefly spiking to nearly $44,200, it is currently (04:02 UTC) trading close to $43,200.

Again, most major cryptocurrencies are gaining bullish momentum. ETH was able to clear the $2,750 and $2,850 resistance levels. XRP is above $0.75, but still below $0.80. ADA spiked above $0.95.

Total Market Capitalization

20220301-88.jpg.webp Source: tradingview.com bitcoin price

The bitcoin price was finally able to break through the $40,000 resistance level. BTC rose 14% in one day and the price even tested the $44,000 area. It is now consolidating its gains and could continue to get support around $42,800. The next key support level is around $42,200, below which it could fall to $41,200.

On the bright side, the price is facing resistance around $44,000. Any more gains could take the price to the $45,000 level.

Ether Price

Ether prices rose, breaking through the $2,750 resistance level and breaking above the $2,900 level, up 11%. A clear break above $3,000 could see the price rise to the $3,120 level.

On the downside, initial support is around $2,850. The next key support level is around the $2,800 area, below which prices could test $2,750.

ADA, BNB, SOL, DOGE and XRP prices

Caldano (ADA) started a strong rally above the $0.92 resistance level. The price even broke above $0.95 and may even exceed the $1.00 level in the next few trading days.

BNB is up more than 8% and has broken through the $380 resistance level. The price even broke above $388 and could soon break $400. The next major resistance level is likely to be around $420.

Solana (SOL) is up 12%, significantly above $95. If it closes above $100, bulls could be aiming for bigger gains. The next key resistance level is around $105.

DOGE was able to break the resistance level of $0.135 and then move lower again. If it returns above that level, the next obstacle is around $0.142. If the bulls continue their move, they may aim for the $0.150 level.

XRP price cleared the $0.75 resistance zone. It is now consolidating around $0.775. To start a stronger rally, the price must exceed the $0.80 resistance zone.

Other cottage coin markets today

Many cryptocurrencies are up more than 10%, including LUNA, AMAX, DOT, DOGE, SHIB, MATIC, WBTC, CRO, ATOM, LTC, LINK, BCH, FTT, NEAR and WAVES. Among them, LUNA is up 23% and trading above $88, raising its weekly gain to 75%. WAVES, meanwhile, more than doubled in a week after rising 48% in one day and surpassing the $17 level.

Overall, the bitcoin price has broken through many barriers around $40,000 and $42,000. BTC could go lower, but the decline could be limited to below $42,000.

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