Crypto Price Today Oct 14th: Altcoins Soar High, But Will They Sustain?
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-term trend for Binance coin(BNB) is sideways, where it resonates between $300 and $260. Furthermore, the last bear cycle within this range 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 BNB 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.
- Fed’s Schmid Signals Opposition to Further Rate Cuts With Inflation ‘Too High’
- IBIT Bitcoin ETF Becomes BlackRock’s Most Profitable Fund, Nears $100B Milestone
- Bitcoin Tops $126,000 as Market Prices In Three-Week U.S. Government Shutdown
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
