Bitcoin and Ethereum are on the rise, many altcoins are gathering

  • price Bitcoin It gained pace after breaking out of the $39,200 resistance.
  • Ethereum It rose above $2900, with XRP up nearly 6%.
  • ADA jumped 13%, and many others Alt currency They had a double increase.

Bitcoin price managed to break out of the $39,200 resistance level and also tested the $40,000 resistance level. Currently (04:08 UTC) it is consolidating its gains above $39,700 and could test $40,000 again. Bitcoin is up over 4% in one day and 1% in one week.

Likewise, most of the major altcoins are also gaining traction. ETH broke the $2,900 and $2,920 resistance levels. XRP broke through the key resistance area at $0.65, while ADA broke above $0.85.

Total market value

crypto market
Source: tradingview.com

Bitcoin price

After another rejection near $37,500, Bitcoin price started a recovery wave. BTC managed to break out of the $38,800 and $39,200 resistance levels and test the $40,000 resistance. It is now consolidating its gains and may attempt further gains above $40,000. The main resistance remains near the $40,350 level, above which the price may rise to $41,200.

On the downside, initial support is near $39,500. The next major support is near $39,200, below which the price could test $38,800.

Ethereum price

Ethereum price also rose above the resistance at $2,850 and climbed above the $2,920 resistance. ETH jumped 5% in one day and nearly 2% in one week. The price is now consolidating near the $2,950 level and it may try to move towards the $3,000 resistance.

On the downside, there is immediate support near the $2900 level. The next major support is near the $2,850 level, below which the price could resume falling.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) started a strong rally above the resistance at $0.85. It rose 13% and also tested the resistance at $0.90. A close above $0.90 could open the door for a steady rise towards the $0.95 resistance. The ADA is also up 5% in one week.

Binance Coin (BNB) gained nearly 5% and there was a move above the $400 resistance. The price is now consolidating gains and could rise further above $405. The next major resistance is near the $412 level.

Solana (SOL) gained 9%, broke the $92 resistance and tested the $95 resistance area. If the bulls continue to act, the price may rise towards the $100 resistance area.

Dogecoin (DOGE) is steadily rising above the $0.135 resistance area. It also tested the resistance at $0.138. If there are more gains, the price may rise towards the $0.140 resistance.

XRP price also rose and managed to break out of the $0.65 key resistance and is now up about 6% in one day. The next major resistance on the upside is near the $0.665 level, above it the price may revisit $0.68.

More altcoins today

Several altcoins are up more than 5%, including LUNA, AVAX, DOT, MATIC, TRX, LTC, NEAR, UNI, APE, XLM, VET, MANA and THETA. Meanwhile, TRX, WAVES, and ZIL are among the top three performers in the top 100 cryptocurrencies by market capitalization today, jumping 24%-34% in a single day.

Overall, the bitcoin price tested the $40,000 resistance. To continue rising, bitcoin must settle above the $40,000 resistance. If not, it could cut gains and head towards $38,800.

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