Bitcoin and Ethereum Gain Bullish Momentum, ADA Accelerates

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  • Bitcoin price started a fresh increase above USD 42,500.
  • Ethereum broke the USD 3,000 resistance, XRP neared USD 0.85.
  • ADA surged almost 10%, nearing USD 1.0.

Bitcoin price remained strong above the USD 40,500 level. BTC started a fresh increase and cleared the USD 42,000 resistance. It is currently (14:21 UTC) trading around USD 42,900 and might test the USD 43,200 resistance zone. BTC is now up 5% in a day and 8% in a week.

Similarly, most major altcoins are gaining bullish momentum. ETH broke the USD 3,000 level and might rise further to USD 3,080. XRP could start a stronger increase if it clears the USD 0.85. ADA jumped and cleared the USD 0.95 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After forming a base above USD 41,500, bitcoin price started a fresh increase. BTC cleared the USD 42,000 and USD 42,500 resistance levels. The next major resistance is near the USD 43,200 level, above which the price could accelerate towards USD 44,000.

If there is a downside correction, the price might test the USD 42,200 level. The next major support is near USD 41,800, below which the bulls might struggle in the near term.

Ethereum price

Ethereum price is gaining pace above the USD 2,950 level. ETH even cleared the USD 3,000 level and is now up almost 4% in a day and over 16% in a week. On the upside, an initial resistance is near the USD 3,050 level. The next key resistance might be near the USD 3,080 level, above which the price may perhaps rise to USD 3,150.

If there is a downside correction, the price might find bids near the USD 2,950 level. The next major support is near the USD 2,900 level, below which the price might test the USD 2,840 support zone.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) rallied almost 10% and there was a move above the USD 0.95 resistance zone. The next key resistance is near the USD 1.00 level. A close above USD 1.00 might push the price to USD 1.05.

BNB settled above the USD 400 pivot zone. An immediate resistance could be near the USD 412 level. The next key resistance is near USD 420, above which the price might gain bullish momentum.

Solana (SOL) is showing positive signs above the USD 92 level. The next major resistance is near the USD 95 level, above which it could test the USD 100 barrier.

DOGE is up 5% and approaching the USD 0.125 resistance. If the bulls remain in action, the price might rise towards USD 0.132. Any more gains might call for a move towards the USD 0.135 level.

XRP price is gaining pace above the USD 0.832 level. The next key resistance is near the USD 0.85 level, above which the price might accelerate higher. The next stop for the bulls might be USD 0.88.

Other altcoins market today

Many altcoins are up over 5%, including DOT, LTC, BCH, ETC, XLM, EGLD, THETA, APE, HNT, EOS, MIOTA, CAKE, GALA, and BSV. Out of these, EOS gained over 13% and cleared the USD 2.45 level, increasing its weekly gains to almost 24%.

To sum up, bitcoin price broke the USD 42,500 resistance zone. If BTC surpasses USD 43,200, it could continue to rise towards the USD 45,000 level in the near term.

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