Bitcoin and Ethereum Extend Gains, ADA and SOL Outperform
Bitcoin price started a decent increase above the USD 30,500 resistance, cleared the USD 31,200 resistance zone, and even tested the USD 31,500 level. BTC is currently (11:58 UTC) trading near USD 31,400 and is up almost 6% in a day and over 6% in a week.
Similarly, most major altcoins are showing positive signs. ETH surpassed USD 1,900 and might aim for more gains above USD 1,920. XRP is preparing for the next move and consolidating above USD 0.40. ADA is up 12% and trading above USD 0.630.
Total market capitalization
After a close above the USD 30,500 level, bitcoin price extended its gains. BTC was able to clear the USD 31,200 resistance level and test USD 31,500 before correcting lower. The next key resistance is near USD 32,200. A close above the USD 32,000 level might set the pace for a larger increase. In this case, it could rise towards the USD 33,500 level.
On the downside, an initial support is near the USD 30,800 level. The next major support is now forming near the USD 30,500 zone, below which the price could decline below USD 30,000.
Ethereum price is also rising steadily above the USD 1,850 resistance. ETH broke the USD 1,900 resistance and might rise further above USD 1,920. ETH is up almost 7% in a day and 5% in a week. The next major resistance is near USD 2,000, above which the price could accelerate.
On the downside, an initial support is near the USD 1,850 level. The next major support is now near the USD 1,770 zone.
Cardano (ADA) extended its rally above the USD 0.60 level. The price is up 12% and there was a clear move above the USD 0.63 level. The next major resistance is near the USD 0.65 level. ADA is also up 31% in a week.
BNB is rising towards the USD 312 resistance level. The next major resistance
Read more on cryptonews.com
