Bitcoin and Ethereum Inch Higher, ATOM and LDO Accelerate
- Bitcoin price is testing the USD 20,500 level.
- Ethereum is approaching the USD 1,600 level, XRP might climb higher towards USD 0.35.
- ATOM and LDO are the best performers today.
After clearing the USD 20,000 resistance zone, BTC is currently (11:36 UTC) trading near USD 20,470 and it might attempt a clear move above the USD 20,500 zone. If the bulls remain in action, the price might also test the USD 21,200 resistance. BTC is up 3% in a day and down 4% in a week.
Similarly, most major altcoins are also moving higher. ETH gained pace and might test the USD 1,600 resistance. XRP is still well below the USD 0.35 resistance. ADA surpassed the USD 0.45 resistance zone.
Total market capitalization
Bitcoin price
After clearing the USD 20,000 resistance, bitcoin price was able to consolidate in a range. BTC moved higher a few points and even briefly spiked above the USD 20,500 level. It seems like the price might climb higher towards the USD 21,200 resistance. The next major resistance is near USD 21,500, above which the price might test USD 22,000.
On the downside, an initial support is now near the USD 20,000 level. The next key support is near the USD 19,500 zone, below which the price might start a sharper decline.
Ethereum price
Ethereum price outperformed bitcoin with a strong move above the USD 1,550 resistance. ETH gained 9% and neared the USD 1,600 level. ETH is still down less than 2% in a week. The next key resistance is near the USD 1,620 level, above which the price could rise towards the USD 1,650 resistance zone.
On the downside, an initial support is near the USD 1,565 level. The next major support is USD 1,520, below which price could start a fresh decline.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) gained pace and was able to clear the USD 0.45 resistance. It also broke the USD 0.455 resistance and might test the USD 0.48 resistance zone next.
BNB gained almost 6% and was able to clear the USD 285 level. The price is now rising towards the USD 292 level, above which the bulls may aim for a move towards the USD 300 resistance zone.
Solana (SOL) is gaining pace above the USD 32 resistance. It is up almost 7% and might soon test the USD 33.50 resistance. If there are more gains, the price could rise towards the USD 35 resistance.
DOGE is climbing higher and there was a move above the USD 0.0635 resistance. The next major resistance is near USD 0.0650, above which there could be a move towards the USD 0.068 level.
XRP price is attempting a clear move above the USD 0.335 zone. The next major resistance is USD 0.350, above which it could gain momentum and test the USD 0.375 level.
Other altcoins market today
Many altcoins are rising steadily, including DOT, MATIC, SHIB, AVAX, ATOM, LDO, TRX, UNI, ETC, FTT, LINK, NEAR, FLOW, VET, and FIL. ATOM and LDO are the best performers among the top 100 coins today, as they jumped 12% and 17% in a day, respectively. ATOM is also up 7% in a week, trading near USD 12, while LDO trimmed its weekly losses to USD 1.90 and is now down 13% in the past seven days. AVAX is also rallying today.
To sum up, bitcoin price is attempting a move above the USD 20,500 level. If BTC fails, there is a risk of a fresh decline towards USD 19,500. Conversely, it could test the USD 21,200 resistance.
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