Bitcoin and Ethereum Inch Higher, BNB and SOL Outperform, FLOW Rallies

cryptonews.com:

Bitcoin price is facing a strong resistance near the USD 23,500 level. It is currently (03:51 UTC) trading near USD 23,300 and is up over 1% in a day and is unchanged in a week.

Similarly, most major altcoins are attempting a fresh increase. ETH moved above USD 1,700 and might accelerate if it clears USD 1,740. XRP is still below USD 0.380 while ADA surpassed the USD 0.52 resistance zone.

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After a short-term drop, bitcoin price remained above the USD 22,500 support zone. BTC formed a base, started a decent upward move, and settled above the USD 23,000 level. The bulls even cleared the USD 23,200 level, but they are facing resistance near the USD 23,500 level. The next main resistance is still near the USD 23,800 level. A clear move above the USD 23,800 resistance zone could initiate a stronger increase.

On the downside, an immediate support is at USD 23,000. The next major support is near the USD 22,500 zone, below which the price could start a stronger decline.

Ethereum price is back above the USD 1,700 level, but there are many hurdles on the upside. ETH is up almost 2% in a day and a week. An immediate resistance is near the USD 1,740 level. The next key resistance is near the USD 1,780 level, above which the price might gain bullish momentum. In this case, the price could rise to USD 1,880.

On the downside, an initial support is near the USD 1,650 level. The next major support is near the USD 1,620 zone, below which the price could continue to move down.

Cardano (ADA) is moving higher and was able to climb above the USD 0.520 resistance zone. The next key resistance is near the USD 0.535 level, above which the price could test USD 0.50.

BNB is showing positive signs above the USD 320 level. It is