Bitcoin and Ethereum Consolidate Profits, Rally of SNX and APE

  • Bitcoin It is consolidating gains above the $41,200 resistance level.
  • Ethereum Having tested the resistance at $3,120, XRP is still well below $0.80.
  • SNX 21% profit while bee jumped 31%.

Bitcoin price has remained well above the $40,500 level. BTC extended gains above the $41,200 resistance, broke above $41,600 and is currently (04:07 UTC) consolidating gains near $41,400. Bitcoin is up nearly 2% in one day and 3% in one week.

Likewise, most of the major currencies are showing positive signs. ETH broke out of resistance at $3,080 but struggled near $3,120. XRP is consolidating near the $0.765 level. ADA may attempt to move above the $0.95 resistance area.

Total market value

Bitcoin Ethereum
Source: tradingview.com

Bitcoin price

After closing above $40,000, the price of Bitcoin started to rise again. BTC managed to break out of the $41,200 resistance area. The bulls also pushed the price above the resistance level at $41,500. It is now consolidating gains near the $41,400 level. There is immediate resistance to the upside near the $41.750 level. The next major resistance could be $42,500, and the price could rise above it to $43,500.

On the downside, initial support is near the $41,000 level. The next major support is near $40,500, below which the price could revisit $40K.

Ethereum price

Ethereum price also settled above the $3000 level. ETH managed to break out of the $3,080 resistance area and tested the $3,120 resistance as the bears emerged. ETH is up almost 2% in one day and one week. It is now consolidating its gains and may try to move again above $3,120. The next major resistance might be near the $3,220 level.

If there is a downside correction, the price may find support near $3,050. The next major support is near the $3000 level, below which the price may struggle.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) is stuck near the $0.95 level. The first major resistance is near the $0.98 level. The main resistance is near the level of 1.0 USD, after which the price may rise steadily.

Binance coin (BNB) is showing positive signs near the $420 level. The immediate resistance is near the $425 level. Further gains could push the price towards the $432 level.

Solana (SOL) gained 7% and there was a move above the $105 resistance. The main resistance remains near the $110 level, above which the bulls could gain steam.

Dogecoin (DOGE) attempted to breakout above the $0.145 level but met strong resistance. The price is now consolidating around $0.144.

XRP price is still trading near the $0.765 level. The immediate resistance is near the $0.780 level. The main resistance remains near the $0.80 level. A close above $0.80 may set the pace for a significant rally.

More altcoins today

Several altcoins are up over 5%, including LUNA, APE, MANA, EGLD, SAND, RUNE, EOS, SNX, AAVE, GMT, KSM, ENJ, and CRV. Among these, SNX and APE are the best performers today. SNX stock jumped 21% and topped $6, bringing its weekly earnings to 23%. APE stock surged 31%, broke through the $16 level, and increased its weekly earnings to 41%.

In general, the bitcoin price is trading above the $41,000 level. If BTC holds above $41,500 and $41,650, it could start a steady rally in the next few sessions.

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