Published 10 mins ago
Crypto price today, Oct 14th: In correlation with the US market like Dow Jone and S&P 500, the crypto market shows a sudden surge in buying pressure after the release of Consumer price index data. As a result, the major crypto coins are rising for two consecutive days.
The Bitcoin price currently trades at $19800, with 2% intraday gains, While the Ethereum(ETH) price exchanges hands at $1339 and shows a 4% jump.
Altcoins Rebound From Strong Support
Binance coin(BNB):
A short trend for Binance coin(BNB) is sideways, where it resonates between $300 and $260. The last bear cycle pushed the altcoin back to the $260 bottom support on Oct 13th. However, with the widespread recovery in the broader market, the BNB price rebound immediately.
The coin price rose 7% from the aforementioned support within the last two days. The XRP price currently trades at $0.5, and this new bull cycle should rally another 9.8% to hit $300. However, the $280 mark is likely to act as a significant barrier against this recovery.
Ripple(XRP)
Following a parabolic rally in September second half, the XRP/USDT pair started walking a later path to sustain its price growth. Amid this consolidation, the altcoin rebounded from the $0.44 support twice, indicating the market participants are buying at dips.
The altcoin trades at $0.5 and shows a 16% jump in the last two days. With sustained buying, the XRP price should rechallenge the $0.55 resistance to acquire further gains.
Cardano(ADA)
The ADA/USDT pair witnessed an aggressive downfall this week, which plunged the prices to the $0.35 mark. However, with the ongoing recovery in the crypto space, the price has reverted 10% from the mentioned support and currently trades at $0.393 as the US market opens.
If the buying pressure persists, the Cardano price will likely retest the dynamics resistance trendline or $0.4175. Until this downsloping trendline is intact, the coin holders witness more prices drop.
Solana(SOL)
Amid a lateral walk in Solana coin, the price has tested the $30 support several times, validating it as a strong accumulation zone. Moreover, the daily candle managed to close above the $30 support despite the Oct 13th sell-off accentuating the aforementioned theory.
Today, altcoin rose 2.85% and currently trades at the $31.2 mark. A potential upswing should push the price 10.5% higher to hit the $34.6 resistance.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.