- Bitcoin price started a fresh recovery above USD 41,000.
- Ethereum climbed above USD 3,100, XRP surpassed the USD 0.732 resistance.
- LUNA and AVAX are up around 4%.
Bitcoin price formed a base above the USD 39,500 zone. As a result, BTC started a steady upward move above the USD 40,500 resistance. It is currently (03:39 UTC) showing positive signs above USD 41,300 and might eye a move above the USD 42,000 resistance zone. BTC is up 3% in a day, trimming its weekly losses to 4%.
Similarly, most major altcoins are also trying to recover. ETH traded above the USD 3,100 resistance level. XRP was able to surpass the USD 0.732 resistance level. ADA might gain pace if it settles above USD 1.0.
Total market capitalization
Bitcoin price
After another test of USD 39,250, bitcoin price formed a base for a stronger increase. BTC started an upward move, climbed above the USD 40,500 resistance and it even moved above the USD 41,000 level. An immediate resistance on the upside is near the USD 41,850 level. The next key resistance is now forming near the USD 42,500 level, above which there are chances of a trend change.
On the downside, an initial support is near the USD 40,800 level. The next major support is near USD 40,500, below which the price might start another decline.
Ethereum price
Ethereum price also followed a positive path. It was able to clear the USD 3,080 resistance zone and is now testing the USD 3,120 level. The next key resistance might be near the USD 3,180 level, above which the price could even rise above USD 3,200 and face the main hurdle at USD 3,250. ETH is up 2% in a day and is down almost 2% in a week.
If there is a downside correction, the price might find support near USD 3,080. The next major support is near the USD 3,050 level, below which the price could extend losses.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) started an increase above the USD 0.95 resistance zone. It even tested the USD 0.98 level. The bulls are attempting a proper move above USD 1.0. If they succeed, the price could move into a positive zone.
BNB found support near USD 412 and started a fresh increase. It broke the USD 420 resistance. If there are more upsides, the price could rise towards the USD 432 resistance level.
Solana (SOL) managed to stay above the USD 100 level. An immediate resistance is near the USD 110 level, but the key breakout zone is near the USD 112 level.
DOGE found bids near the USD 0.135 level and corrected higher. It tested the USD 0.142 level and might attempt a break above USD 0.145. The next major resistance is near the USD 0.150 level.
XRP price remained well bid above the USD 0.70 level. It gained pace and climbed above the USD 0.730 level. An immediate resistance is near the USD 0.75 level. A close above USD 0.75 might push the price towards the USD 0.80 level.
Other altcoins market today
Many altcoins are showing positive signs, including LUNA, AVAX, DOT, NEAR, MATIC, LTC, UNI, BCH, ALGO, XLM, and MANA. Out of these, LUNA gained 4% and broke the USD 88 level, trimming its weekly losses to less than 18%. Meanwhile, AVAX jumped 5%, surpassed USD 81, and trimmed its weekly losses to less than 2%. Both LUNA and AVAX are the best performers among the top 10 coins today. RUNE and COMP lead the top 100 list, as they jumped 13% and 16%, respectively.
Overall, bitcoin price was able to clear the USD 41,200 resistance zone. If BTC settles above USD 42,000, it could gain bullish momentum in the near term.
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Source: Cryptonews
