Bitcoin and Ethereum Try to Recover, APE Pumps and Dumps on Musk’s Move

cryptonews.com:

Bitcoin price remained well bid above the USD 38,000 level, started a short-term upside correction above the USD 38,500 level, and is currently (11:57 UTC) testing the USD 39,000 level. BTC is up over 1% in a day and 2% in a week.

Similarly, most major altcoins are facing key hurdles. ETH must clear USD 2,900 and USD 2,920. XRP is still consolidating near USD 0.615. ADA managed to move above the USD 0.80 resistance level.

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After forming a base above USD 38,000, bitcoin price started an upside correction. BTC was able to surpass the USD 38,500 and USD 38,800 resistance levels and spiked above USD 39,000. The next hurdle is still near USD 39,200. A close above USD 39,200 may perhaps open the doors for a steady increase towards USD 40,000.

If there is no upside break, the price might decline below USD 38,500. The next major support is near USD 38,000, below which the price could test USD 37,500.

Ethereum price is also attempting an upside correction above USD 2,850 and is now up more than 1% in a day and 2.5% in a week. An immediate resistance is near the USD 2,880. The main major resistance is still near the USD 2,900 zone, above which it could rise steadily. 

On the downside, an immediate support is near the USD 2,800 level. The next major support is near the USD 2,750 level, below which there is a risk of a sharper decline. 

Cardano (ADA) is up 4% and there was a clear move above the USD 0.80 resistance. The next major resistance is near the USD 0.832 level, above which it could rise towards the USD 0.85 barrier.

BNB moved higher above the USD 380 support level and is now trading above USD 390. An immediate resistance is near the USD 395 level, above which it could test USD 400.

Solana (SOL) tested the