The major push for the crypto space painted most of the coin in green, with some of them recorded again with a significant margin. The major coins like BTC, ETH, etc had chosen to swing in a very narrow margin, but in the last week, they also jumped drastically.
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Let us have a look at the price review of major coins
Bitcoin(BTC) surged 6.8% in a week
Bitcoin which was trending in a very narrow range and struggling to reach at least near to the $11000 mark, has now successfully sustained above the mark. The digital asset got a major push in phases that led the bitcoin price to surge above the 300 range.
In the last week, bitcoin received an immense push in 3 phases. The first phase assisted the price to overcome the narrow trend and reach near the $10900 range. The second push bought the price above the $11000 mark to touch $11090. And finally, the third pump led the digital asset to surge above $11300 levels.
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Currently, BTC is priced at $11,388.56 with a gain of 0.58 percent in the last 24 hours and expected to soar with a huge price gain. However, the next resistance level is at $11,530 and the support levels are formed at $11,100.
Also Read: Bitcoin Price Prediction: Will Bitcoin Reach $100,000 By 2020?
Ethereum(ETH) Gained 5.98%
With the bitcoin rally, most of the digital assets soared with good numbers. Ethereum too soared significantly adding up nearly $50. ETH price breaks out of the narrow range to test the resistance levels at $366.64 to form new levels.
The current price of ETH stands at $374.11 with an increase of 0.89 percent in the last 24 hours. The new resistance levels are formed at $384 and the strong support levels beyond which ETH is expected to sustain is $361.
Also Read: Will Ethereum Overcome the Recession in 2020?
XRP up by 1.35%
Ripple’s XRP had managed to soar well before the BTC push from $0.23285 to $0.25438. However, soon after the push, the dumped a little to $0.24660, further again pumped to $0.25929 and dropped to $0.24049.
Currently, XRP is priced at $0.255053 with a gain of 1.59 percent in the last 24 hours. The resistance levels stand at $0.26002 and the support levels at $0.24385.
Also Read: Ripple Price Prediction: Will Ripple Reach $5 In 2020?
Collectively, the crypto space which had entered a correction phase has now attained a bullish trend with most of the coins soar with significant numbers. The trend is expected to continue for more time ahead.
