Bitcoin Jumps Above USD 41K, Ethereum Accelerates, LUNA and Monero Rally
Bitcoin price started a steady recovery wave above the USD 38,800 resistance, rallied above USD 41,000, and is currently (04:18 UTC) trading above USD 41,500. BTC jumped more than 7% in a day and trimmed its weekly losses to less than 7%.
Similarly, most major altcoins are attempting an upside correction. ETH was able to clear the USD 2,700 level. XRP is still struggling to surpass the USD 0.75 resistance. ADA might test USD 0.85.
Total market capitalization
After tagging the USD 37,200 zone on Monday, bitcoin price started an upside correction. BTC was able to climb above USD 41,000 today, surpass the USD 41,200 resistance level, and is now trying to gain pace above USD 41,500.
If there is a fresh decline, the price might find support near USD 40,000. The next key support is near the USD 39,200 level, below which the price may perhaps decline to USD 38,500.
Ethereum price also started a decent recovery wave from USD 2,440. ETH climbed above USD 2,700 while a successful break above the USD 2,750 level may perhaps lead the price towards the USD 2,880 level. ETH is up 6% in a day and down 9% in a week.
If not, there could be another downward move below USD 2,600. The next key support is near the USD 2,550 level, below which the price might revisit USD 2,500.
Cardano (ADA) spiked below the USD 0.80 support zone. It is now correcting losses and trading above USD 0.83. The main resistance on the upside is still near USD 0.85, above which the price might accelerate higher.
BNB is gaining momentum and was able to clear the USD 388 resistance and surpass USD 400. The next major resistance is near the USD 412 level.
Solana (SOL) is moving higher above the USD 85 support and is testing the USD 88 resistance, above which the price might
Read more on cryptonews.com
