Bitcoin price settled above the $20,500 pivot level and managed to break above the $21,000 level. It is currently (04:09 UTC) trading near USD 21,300 and is almost unchanged in a day and up 2% in a week.
Likewise, most major altcoins are showing positive signs. ETH gained ground and even broke above the $1,400 level. XRP is targeting an increase towards the resistance of $0.40. ADA is consolidating above the $0.45 resistance zone.
After forming a base above $20,500, the price of bitcoin began to rise steadily. It is now showing positive signs near $21,300, with an immediate hurdle near the $21,500 level. See the article: The WeWay project is banking on Web 3.0. Is it worth investing in the future?. The next major resistance could be $22,000, above which the price could pick up some bullish momentum.
On the downside, a first support can be found near the USD 20,800 level. The next major support is near the $20,500 area, below which the price may revisit $20,000.
Ethereum price outperformed bitcoin with a strong move above the $1,250 resistance. ETH even surpassed $1400 and is now up almost 4% in one day and 20% in one week. Read also: Nekoverse, Solana’s gaming project, presents the first-ever initial community contribution offering.. The next major resistance is found at $1,480, above which the price could test $1,500.
On the downside, the price may find support near $1,350. The next major support lies near USD 1,320, below which the price might visit the USD 1,250 support zone.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) managed to settle above the resistance at $0.45. It is now facing resistance near the $0.48 level. See the article: Community responds to Vitalik Buterin’s concern about ETH platform. A clear upside break above the $0.48 resistance could trigger a bigger upside.
BNB managed to break through the $245 resistance and broke above the $250 resistance zone. The next major resistance is seen near the $265 level.
Solana (SOL) gained ground above the USD 38 level. It has even broken through the USD 40 barrier and is showing positive signs. The next key resistance is seen near the $42 level.
DOGE is showing positive signs above the USD 0.062 support level. It appears to be struggling to approach the $0.065 resistance zone, above which the bulls could push the price towards $0.0700.
The price of XRP was able to break through the resistance of $0.35. It is now consolidating its gains and facing intermediate resistance near $0.388 towards the $0.40 level.
Other altcoins on the market today
Many altcoins are also on the rise, including DOT, MATIC, AVAX, LEO, UNI, LTC, FTT, NEAR, ATOM, BCH, ICP, and APE. Of these, MATIC gained 8% and tested the $0.80 level, becoming the best performer among the top 25 cryptoassets by market capitalization. It is also up 40% in one week. Meanwhile, ETC is the best performer among the top 100 coins today – it jumped 17% in one day, 42% in one week, and topped $21.
Overall, bitcoin price is moving higher above the $21,200 level. BTC could gain momentum if there is a clear move above the $21,500 resistance zone.
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