Bitcoin and Ethereum Inch Higher, ADA and DOGE Rally

cryptonews.com:

Bitcoin price started a fresh increase above the USD 42,500 resistance zone and briefly traded above the USD 43,000 level. It is currently (04:26 UTC) trading near USD 42,850 and is up 2% in a day.

Similarly, most major altcoins are gaining momentum. ETH remained strong above USD 2,900 and climbed above the USD 3,000 resistance. XRP must clear USD 0.85 to start a fresh increase. ADA gained 13% and surpassed the USD 1.05 resistance.

Total market capitalization

After a downside correction, bitcoin price found support near the USD 42,000 zone and is now attempting an upside break above the USD 43,000 resistance zone. The next major resistance is near the USD 43,200 level, above which the price could even attempt a move above the USD 43,500 barrier.

If there is another downside correction, the price might find bids near the USD 42,500 level. The next major support is near USD 42,000, below which the price might gain bearish momentum. 

Ethereum price remained stable above the USD 2,900 level. ETH is now up almost 3% in a day as there was a move above the USD 3,000 resistance. The next key resistance might be near the USD 3,080 level, above which the price could even clear USD 3,080.

If there is a fresh decline, it could find bids near USD 2,950. The next major support is near the USD 2,920 level, below which the price might visit the USD 2,850 support zone.

Cardano (ADA) gained pace above the USD 1.00 resistance zone. It even climbed above the USD 1.05 and USD 1.08 levels. If the price settles above USD 1.12, there could be a steady upward move.

BNB is moving higher above the USD 405 level. An immediate hurdle could be near the USD 412 level. A close above USD 412 might send the price towards the USD 420 level.

Solana (SOL) is up