Bitcoin and Ethereum Look for Direction, BNB Accelerates

cryptonews.com:

Bitcoin price climbed higher and broke the USD 23,200 level, but struggled to clear the USD 23,500 resistance and corrected lower. BTC is currently (03:52 UTC) trading just below USD 23,100 and is up almost 1% in a day and a week.

Similarly, most major altcoins are eyeing more upsides. ETH climbed above USD 1,650 and faces resistance near USD 1,680. XRP struggles to reach USD 0.388, while ADA is consolidating above the USD 0.50 pivot zone.

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After trading close to USD 22,500, bitcoin price found support. BTC formed a base and started a recovery wave above USD 23,000. There was a break above the USD 23,200 resistance zone. However, the bulls struggled to clear the USD 23,500 resistance zone. It is now consolidating below USD 23,100, with an immediate support at USD 23,000. The next major support is near the USD 22,500 zone, below which the price could test USD 22,000.

On the upside, an immediate resistance is near the USD 23,500 level. A clear move above this level could spark a steady upward move.

Ethereum price gained pace above the USD 1,600 and USD 1,620 resistance levels. ETH even surpassed the USD 1,650 resistance level, but it is now facing resistance near USD 1,680. ETH is up 2% in a day and 1% in a week. The next key resistance is near the USD 1,720 level, above which the price might gain bullish momentum.

On the downside, an initial support is near the USD 1,600 level. The next major support is near the USD 1,550 zone, below which the price could drop to USD 1,500.

Cardano (ADA) attempted a fresh increase above USD 0.512, but it faced a major resistance near USD 0.520. The price is now consolidating, with a strong support near the USD 0.50 level.

BNB is up over 7% and there was a clear move