Bitcoin and Ethereum Keep Moving Higher, LUNA and AVAX Extend Gains
Bitcoin price gained pace above the USD 37,000 level and was able to clear the USD 38,500 resistance. It is currently (11:59 UTC) showing positive signs near USD 38,900 and might rise to USD 39,500.
Similarly, most major altcoins are also rising steadily. ETH was able to clear the USD 2,650 and USD 2,700 resistance levels. XRP seems to be rising towards the USD 0.75 level. ADA broke the key USD 0.92 resistance zone.
Total market capitalization
After a close above USD 37,000, bitcoin price was able to clear the USD 38,000 resistance. The bulls gained strength and pushed BTC above the USD 38,500 resistance. The price is now attempting a clear move above USD 39,000. The next key resistance is near the USD 39,500 level, above which the price might rise to USD 40,000.
If there is a bearish reaction, the price might test the USD 38,200 level. The next key support is near the USD 38,000 level, below which the price might start a fresh decline.
Ethereum price also gained pace after it cleared the USD 2,650 resistance. ETH even climbed above USD 2,700 and is showing positive signs. The next key resistance is near the USD 2,750 zone, above which the price may perhaps test USD 2,880.
If there is no upside break above USD 2,750, the price might retreat lower to USD 2,650. The next major support is near the USD 2,580 level.
Cardano (ADA) climbed above the USD 0.90 resistance. It even surpassed USD 0.920 and might rise further above USD 0.935. The next major hurdle for the bulls may perhaps be near the USD 0.95 level.
BNB is gaining pace above the USD 375 level. An immediate resistance is near the USD 385 level. The first major resistance is near USD 388, above which the price could rise towards the USD 400 resistance.
Solana (SOL) is up
Read more on cryptonews.com
