Bitcoin and Ethereum Try to Gain Pace, SOL, XRP, and MATIC Rally

cryptonews.com:

Bitcoin price formed a base above the USD 20,500 support and moved above the USD 21,000 level. It is currently (04:03 UTC) trading near USD 21,070 and is up 4% in a day and over 3% in a week.

Similarly, most major altcoins are showing signs of an increase. ETH surpassed the USD 1,100 and USD 1,120 resistance levels. XRP surged and broke the USD 0.35 resistance. ADA is eyeing an upside break above the USD 0.50 resistance.

Total market capitalization

After a close above the USD 20,500 level, bitcoin price started a steady increase. BTC climbed above the USD 21,000 resistance and even cleared USD 21,200 before correcting some of its gains. It seems like the bulls are aiming for a move above the USD 21,500 level. The next major resistance is now near USD 22,200. A close above the USD 22,200 level might start a rally towards the USD 23,200 level.

On the downside, an initial support is near the USD 20,500 level. The next major support is near the USD 20,000 zone, below which the price could start a stronger decline.

Ethereum price also started an upward move from the USD 1,050 level and is now testing USD 1,150. If it reaches USD 1,200, the next major resistance is near USD 1,250, above which the price could rise towards the USD 1,320 level. ETH is up 7% in a day and almost 8% in a week.

On the downside, an initial support is at USD 1,120. The next major support is near USD 1,050, below which the price could revisit USD 1,000.

Cardano (ADA) remained well bid above the USD 0.45 support. The price started a steady increase above the USD 0.48 level and neared the USD 0.50 resistance.

BNB is up over 6% and trading above the USD 230 resistance level. The next major resistance is near the USD 242 level, above which the price could even test