Monday, May 29, 2023

Bitcoin, Ethereum and Altcoin Price Analysis

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Stanislav Shishkin
Stanislav Shishkin
Stanislav is one of the lead copywriters on and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Stanislav at
  • Bitcoin price is now facing a strong resistance near USD 45,000.
  • Ethereum fluctuates around USD 3,000, XRP struggles to clear USD 0.80.
  • LUNA extended gains, while NEAR and RUNE rallied in double-digits.

Bitcoin price remained supported above the USD 43,500 level and climbed above USD 44,500 before correcting lower again. It is currently (04:25 UTC) consolidating gains near USD 44,888 and is up almost 3% in a day.

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

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Bitcoin price

After a steady increase, bitcoin price was able to settle above the USD 43,500 level. BTC extended its increase and spiked to USD 45,000, where it faced a strong selling interest. It is now consolidating gains and trading near USD 44,500. The next key support is near the USD 43,750 level, below which the price may perhaps decline to USD 43,200.

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

Ethereum price

Ethereum price extended increase above the USD 2,850 resistance. ETH even spiked above the USD 3,000 resistance zone.  On the downside, an initial support is near the USD 2,900 level. The next key support is near the USD 2,850 zone.

The price must settle above the USD 3,000 resistance zone to start a stronger increase in the coming sessions.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) gained momentum above the USD 0.95 resistance level. The price even broke the USD 1.00, but there was no upside continuation. It is now consolidating near the USD 0.95 pivot level.

BNB extended rally above the USD 405 and USD 412 levels. It even spiked above USD 420, but faced sellers near USD 425. On the downside, the previous resistance near USD 400 may possibly act as a support.

Solana (SOL) is up over 7% and there was a clear move above the USD 100 level. The next key resistance is near the USD 105 level, above which the price might rise towards the USD 112 level.

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

XRP price cleared the USD 0.78 resistance zone. It even attempted a move above the USD 0.80 resistance zone, but failed. It is now correcting gains and trading near USD 0.78.

Other altcoins market today

Multiple altcoins are up over 5%, including LUNA, SHIB, NEAR, SAND, AXS, XMR, WAVES, RUNE, CHZ, KSM, and AR. LUNA extended it’s gains above USD 95, wile NEAR rallied 21% and traded above the USD 11.60 level, and RUNE jumped 42%, reaching the USD 5.85 level. RUNE is now up 60% in a week, while NEAR increased 29%.

Overall, bitcoin price is facing another strong resistance near USD 45,000. If BTC corrects lower, it might find support near the USD 43,200 level in the short term.

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