Bitcoin and Ethereum Still Range-Bound, AVAX and SAND Accelerate
Bitcoin price is still consolidating above the USD 19,500 support zone and is currently (11:47 UTC) trading near USD 20,100, with a key hurdle near USD 20,500. BTC increased over 2% in a day, erasing its weekly losses.
Similarly, most major altcoins are eyeing an upside break. ETH is moving higher towards USD 1,150, while XRP might gain pace for a move above the USD 0.325 pivot zone. ADA is stuck near the USD 0.45 support zone.
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In the past two sessions, bitcoin price traded in a positive zone above USD 19,500 and is now moving higher above the USD 20,000 level. On the upside, an immediate resistance is near the USD 20,350 level. The main breakout resistance is still near USD 20,500, above which the price could start a stronger increase.
If not, there is a risk of a move towards the USD 19,500 support level. The next major support is near the USD 18,800 zone, below which the price could start a stronger decline.
Ethereum price is showing positive signs above the USD 1,100 zone. ETH is moving higher and trading above USD 1,130. If the bulls remain in action, the price could clear the USD 1,150 resistance. The next major resistance is near USD 1,180, above which the price could start a stronger increase. ETH is up almost 1% in a day and is almost unchanged in a week.
If there is a downside correction, the price might test USD 1,110. The next major support is near USD 1,060, below which the price could revisit the USD 1,000 support.
Cardano (ADA) is stuck near the USD 0.45 level. An immediate resistance is near USD 0.465. The main breakout resistance is now forming near USD 0.48, above which the price could start a stronger increase.
BNB is up 4% and trading above the USD 235 resistance zone. It seems
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