Bitcoin And Ethereum Target Additional Gains, Altcoins Accelerate
- Bitcoin prices are showing positive signs above US $ 42,500.
- Ethereum broke the $ 3,250 resistance and XRP tested $ 0.780.
- AVAX and NEAR have risen by more than 10%.
Bitcoin prices remained in the plus zone above US $ 42,000. BTC is currently showing positive signs (UTC 12:27 PM), exceeding US $ 43,000. Daily closings above $ 43,000 could push prices up to the $ 45,000 level.
Similarly, most major altcoins are recovering and accelerating. ETH has surpassed the US $ 3,250 resistance zone. XRP rose almost 5%, testing the level of $ 0.780. ADA surged almost 9% to clear the $ 1.22 level.
Market capitalization
Bitcoin price
After a steady wave of recovery above US $ 41,500, Bitcoin prices continued to rise. BTC surpassed the resistance of US $ 42,500. It breaks US $ 43,000 and seems likely to rise further. Immediate resistance is close to the USD43,200 level. The next major resistance is close to $ 43,500, above which the price could test $ 45,000.
On the downside, initial support is close to the $ 42,500 level. The next important support is close to $ 42,000, below which the Bulls may struggle to protect their losses.
Ethereum price
Ethereum prices have formed a base of over US $ 3,200 to get more profit. ETH has exceeded the resistance level of US $ 3,250. If the Bulls remain active, it could exceed US $ 3,300. The next important hurdle is close to $ 3,350, beyond which the price can rise to $ 3,500.
Initial support is close to the USD 3,220 level. The next major support is close to $ 3,200, below which prices could fall anew.
Prices for ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) gained bullish momentum above the resistance levels of $ 1.20 and $ 1.22. This is up 9% and is testing resistance of $ 1.25. The next major resistance is close to $ 1.265, above which the price could probably test a resistance of $ 1.30.
Binance Coin (BNB) surged 4% and traded above the $ 465 resistance. We are currently facing resistance near the $ 472 level. The next major resistance is close to $ 485, beyond which the Bulls could aim for $ 500.
Solana (SOL) has risen and is trading above the $ 140 level. The next major resistance is close to the USD150 level. If the Bulls remain active, the price could test $ 165. If not, it could drop to $ 132.
DOGE has integrated beyond the $ 0.150 level. The next major resistance is close to the USD 0.165 level. A clear move above the $ 0.165 level could start a stronger rise in the short term.
The price of XRP rose 5% to above the $ 0.765 level. It tested USD 0.780 and the Bulls were able to test USD 0.80. If there is a downside fix, it could protect $ 0.750.
Other altcoin markets today
Many altcoins such as LUNA, DOT, AVAX, MATIC, SHIB, NEAR, ALGO, FTM, FTT, MANA, SAND, etc. have increased by more than 5%. Of these, FTM rose 20% to above the $ 2.80 level, making it the best performing crypto asset in today’s top 100 coins by market capitalization.
In summary, Bitcoin prices are trying to rise by more than US $ 43,000. As BTC settles above this level, it may start to increase steadily in the short term.
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