Ripple (XRP) is developing positively after the bulls broke through the resistance at $0.65. The bullish momentum is huge as it breaks above the moving averages.
Bitcoin and other cryptocurrencies have increased in value since February 4. This is due to Bitcoin rising above current support as bulls bought the dips. Moreover, the largest cryptocurrency has regained the psychological price level of $40,000 and held above it. This has helped the altcoins to recover as well.
Bitcoin (BTC) has been impressive after breaking through resistance at $39,000. Moreover, Bitcoin bulls have continued the recent rallies after recapturing the psychological price level of $40,000.
The price of Chainlink (LINK) has resumed its sideways trend as buyers emerge in the oversold region. On January 24, the downtrend eased as the altcoin fell to a low of $13.47.
In the last 48 hours, the price of Polkadot (DOT) has made desperate efforts to overcome the high of $20. Since January 22, the cryptocurrency's price has fluctuated between $16 and $20.
The price of Ethereum (ETH) is making positive moves to the upside. First, the largest altcoin broke through the resistance line of the horizontal channel and reached a high of $2,800.