Bitcoin and Ethereum Gain Traction, ADA and SOL Accelerate
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
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 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.
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
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