Bitcoin and Ethereum Keep Moving Higher, LUNA and AVAX Extend Gains
Bitcoin price was able to surpass the USD 38,500 resistance.Ethereum climbed above USD 2,700, XRP broke the USD 0.720 resistance.LUNA and AVAX rallied around 13%.
Bitcoin price gained pace above the USD 37,000 level and was able to clear the USD 38,500 resistance. It is currently (11:59 UTC) showing positive signs near USD 38,900 and might rise to USD 39,500.
Similarly, most major altcoins are also rising steadily. ETH was able to clear the USD 2,650 and USD 2,700 resistance levels. XRP seems to be rising towards the USD 0.75 level. ADA broke the key USD 0.92 resistance zone.
Total market capitalization
After a close above USD 37,000, bitcoin price was able to clear the USD 38,000 resistance. The bulls gained strength and pushed BTC above the USD 38,500 resistance. The price is now attempting a clear move above USD 39,000. The next key resistance is near the USD 39,500 level, above which the price might rise to USD 40,000.
If there is a bearish reaction, the price might test the USD 38,200 level. The next key support is near the USD 38,000 level, below which the price might start a fresh decline.
Ethereum price also gained pace after it cleared the USD 2,650 resistance. ETH even climbed above USD 2,700 and is showing positive signs. The next key resistance is near the USD 2,750 zone, above which the price may perhaps test USD 2,880.
If there is no upside break above USD 2,750, the price might retreat lower to USD 2,650. The next major support is near the USD 2,580 level.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) climbed above the USD 0.90 resistance. It even surpassed USD 0.920 and might rise further above USD 0.935. The next major hurdle for the bulls may perhaps be near the USD 0.95 level.
BNB is gaining pace above the USD 375 level. An immediate resistance is near the USD 385 level. The first major resistance is near USD 388, above which the price could rise towards the USD 400 resistance.
Solana (SOL) is up almost 9% and trading above the USD 90 level. The first key resistance is near USD 95, above which the price might revisit the USD 100 resistance. On the downside, the USD 85 level might act as a support.
DOGE is rising and attempting a clear move above the USD 0.135 resistance. If the bulls succeed, the price could rise towards the USD 0.142 level. The next major resistance is near the USD 0.145 level.
XRP price cleared the USD 0.720 resistance. It is now attempting a move above the USD 0.735 level. The next major resistance is near the USD 0.75 level, above which the price might rise to USD 0.80.
Other altcoins market today
Many altcoins are up over 5%, including LUNA, AVAX, DOT, SHIB, MATIC, CRO, LTC, ATOM, LINK, NEAR, FTT, and UNI. Out of these, LUNA gained 13% and jumped above the USD 58 level, increasing its weekly gains to 4%. Meanwhile, AVAX trimmed its weekly losses to 12% after it jumped almost 14% in a day, surpassing the USD 81 level.
Overall, bitcoin price is rising above the USD 38,500 level. If BTC surpasses USD 39,500, it could accelerate towards USD 40,000. If not, there might be a retest of USD 36,500.