Bitcoin and Ethereum Gain Traction, ADA and SOL Accelerate

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  • Bit­coin price gained 5% and climbed above USD 31,000.
  • Ethereum jumped towards USD 1,900, XRP is test­ing USD 0.40.
  • SOL and ADA are up over 9%.

Bit­coin price remained sup­port­ed near the USD 29,500 lev­el and start­ed a recov­ery wave above the USD 30,500 resis­tance. It even broke USD 31,000 and is cur­rent­ly (04:10 UTC) eye­ing more gains above the USD 31,200 resis­tance zone. BTC is up 5% in a day and 6% in a week.

Sim­i­lar­ly, most major alt­coins are ris­ing steadi­ly. ETH is up 5% and approach­ing the USD 1,920 resis­tance. XRP might rise towards the USD 0.425 resis­tance. ADA is back above the USD 0.60 resistance.

Total mar­ket capitalization

Source: tradingview.com

Bitcoin price

After form­ing a base near the USD 29,500 lev­el, bit­coin price was able to start a recov­ery wave. BTC even sur­passed the USD 31,000 lev­el. How­ev­er, the bears seem to be pro­tect­ing more gains above the USD 31,200 lev­el. The next key resis­tance is near USD 32,000, above which the price could start a stronger increase.

On the down­side, an ini­tial sup­port is near the USD 30,500 lev­el. The main week­ly sup­port is still near the USD 29,500 zone, below which the price could start a stronger decline.

Ethereum price

Ethereum price man­aged to recov­er loss­es and sur­passed the USD 1,850 resis­tance. It is now approach­ing the USD 1,900 lev­el and is up 5% in a day and almost 4% in a week. The main resis­tance is still near USD 1,920, above which the price could start a stronger increase. The next key resis­tance is at USD 2,000.

On the down­side, an ini­tial sup­port is near the USD 1,850 lev­el. The next major sup­port is near USD 1,770, below which the price might decline heavily. 

ADA, BNB, SOL, DOGE, and XRP price

Car­dano (ADA) gained pace above the USD 0.58 resis­tance. It jumped almost 11% and broke the USD 0.60 resis­tance lev­el. If the bulls remain in action, it could even accel­er­ate above the USD 0.62 resis­tance zone.

BNB is hold­ing gains above the USD 300 lev­el. An imme­di­ate resis­tance is near the USD 312 lev­el. The next major resis­tance is USD 320, above which the price may per­haps rise towards the USD 335 resis­tance zone.

Solana (SOL) is back above the USD 40 lev­el and is up almost 10% in a day. It is fac­ing resis­tance near the USD 42 lev­el. A close above USD 42 might start a steady increase towards the USD 45 lev­el in the near term.

DOGE is ris­ing and trad­ing above the USD 0.0820 lev­el. On the upside, the price might face resis­tance near the USD 0.085 zone. The next resis­tance is at USD 0.088.

XRP price is back above the USD 0.40 resis­tance zone. An imme­di­ate resis­tance is near the USD 0.42 lev­el, above which the price may per­haps climb towards the USD 0.45 resistance.

Other altcoins market today

Many alt­coins are show­ing pos­i­tive signs, includ­ing DOT, TRX, AVAX, LEO, MATIC, LTC, NEAR, LINK, UNI, ALGO, ATOM, and HBAR. Mean­while, THETA is up 13% in a day and is the best per­former among the top 100 cryp­toas­sets by mar­ket capitalization.

Over­all, bit­coin price is mov­ing high­er and is test­ing the USD 31,200 resis­tance. It seems like BTC might rise fur­ther and test the USD 32,000 resis­tance zone in the near term.

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