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Bitcoin Nears USD 32K, Ethereum Tests USD 2K, ADA Rallies, WAVES Doubles

 

  • Bitcoin price rallied above the USD 30,500 and USD 31,200 resistance levels.
  • Ethereum tested the USD 2,000 barrier, XRP settled above USD 0.40.
  • ADA is the best performer among the top 20 cryptoassets, WAVES leads the top 100.

Bitcoin price gained bullish momentum after a clear break above USD 30,500 and even cleared USD 32,000. It is currently (04:08 UTC) consolidating gains near USD 31,800 and is up almost 5% in a day and 9% in a week.

Similarly, most major altcoins gained bullish momentum. ETH broke the USD 1,920 resistance and tested USD 2,000. XRP gained pace above the USD 0.40 resistance. ADA rallied almost 14% and surpassed the USD 0.55 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above USD 30,500, bitcoin price started a fresh increase. BTC even spiked above USD 31,800 before the bears emerged. The price is now consolidating gains and trading near USD 31,800. The next key resistance is near USD 32,500. A clear move above the USD 32,500 level might push the price further towards the USD 33,200 level.

On the downside, an immediate support at USD 31,200. The next major support is now forming near the USD 30,500 zone, below which the price could even struggle to stay above USD 30,000.

Ethereum price

Ethereum price gained over 6% and there was a clear move above the USD 1,920 resistance. ETH spiked above USD 2,000 and erased all its weekly losses. The next major resistance is near USD 2,050, above which the price could test the main USD 2,085 resistance zone.

If there is a downside correction, the price might find bids near USD 1,920. The next major support is near the USD 1,850 level.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) extended its rally above the USD 0.52 resistance. The price even broke the USD 0.55 resistance and climbed almost 14% in a day and a week. The next major resistance for the bulls may perhaps be USD 0.60.

BNB is moving higher above the USD 320 level. An immediate resistance is near the USD 325 level. A clear move above the USD 325 level could send the price towards the USD 340 level.

Solana (SOL) is trading above the USD 45 resistance zone. However, the bears are still defending the USD 50 resistance zone. A close above USD 50 might start a stronger increase in the near term.

DOGE gained pace above the USD 0.0850 resistance level. It even spiked above USD 0.0880 before correcting lower. If the bulls remain in action, they might attempt a move towards the USD 0.092 resistance zone.

XRP price is up over 5% and approaching the USD 0.425 resistance. A clear move above USD 0.425 might send the price towards the USD 0.45 resistance. On the downside, the bulls could protect USD 0.40.

Other altcoins market today

Many altcoins are in the green zone, including DOT, AVAX, SHIB, MATIC, LTC, NEAR, UNI, XLM, LINK, ALGO, and FLOW. Out of these, NEAR gained over 18% and cleared the USD 6.20 resistance zone. WAVES is the best performer among the top 100 cryptoassets today as it skyrocketed 110% in a day and increased its weekly gains to 68%.

Overall, bitcoin price is gaining pace above the USD 31,200 resistance. If BTC settles above USD 32,000, it could rise further towards the USD 33,200 resistance zone.

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