Top Cryptocurrencies Price Analysis Today: $BTC, $ETH, $XRP, $ADA, $SOL, $DOGE and $SHIB

Friday, January 17, 2025 – Bitcoin price has settled above the $100.000 level. BTC is currently trading near the $103.500 level with a 6% increase in the last 24 hours. A clear move above the $104.500 resistance levels could trigger a fresh increase.

Similarly, most major altcoins could start seeing price gains. ETH appears to be eyeing a bullish breakout above $3.520 and $3.580. XRP has picked up pace and tested its all-time resistance zone at $3,40, and is now just 5% away from a new ATH. Solana is eyeing gains above $230, while ADA is still trying to break above the $1,16 level. Major meme cryptocurrencies DOGE and SHIB have seen a 10% surge in the past 24 hours.

Bitcoin price

Bitcoin, the largest cryptocurrency, has started a recovery wave above the $100.000 level. Currently, BTC has even settled above the $102.000 level and the 50-hour simple moving average. However, the price is facing a major resistance near the $103.850 zone. A clear move above $104.500 could push the price towards $108.000. The next major resistance and a new ATH could be near $110.000 or even $116.000.

On the downside, an initial support is near the $100.260 level. The next major support is near the $98.000 zone, below which the price could decline to $96.800.

Ethereum Price

Ethereum bulls are having no trouble keeping up with Bitcoin. ETH started to slowly increase and managed to break above the $3.400 level. It even settled above the $3.320 level. On the upside, the price is likely to face resistance near the $3.730 level on the hourly chart. The next major resistance is near the $3.928 level, above which the price could visit the $4.100 resistance.

On the downside, an initial support is near the $3.315 level. The next major support is $3.215, below which the price could decline to $3.080.

XRP, ADA, SOL, DOGE and SHIB Price

XRP price formed a base and started a fresh rally above the $3,00 resistance. The price tested the $3,40 resistance and it may continue to rise towards the $3,90 level in the near term.

Cardano (ADA) is stable near the $1,12 level. An immediate resistance is near the $1,16 level. The first major resistance is near the $1,32 zone, above which the price could gain bullish momentum towards $1,60.

Solana (SOL) price is slowly rising towards the $230 level. The first major resistance is near the $248 level, above which the price could rise to $295 or even $300.

DOGE is consolidating above the $0,41 level. An immediate resistance is near the $0,48 level. Any more gains could push the price towards $0,60. Otherwise, the price may pull back and test the $0,32 level.

SHIB is gaining pace above the $0,0000240 resistance. It is now attempting to approach the $0,000028 resistance. If the bulls remain active, the price could break above $0,000033 and rally to $0,000045 in the medium term.