29 Apr 2022 · 2 min read

Bitcoin and Ethereum Remain Supported, BNB Moves Higher

 

  • Bitcoin price is struggling to recover above USD 40,000.
  • Ethereum moved above USD 2,900, XRP is struggling below USD 0.65.
  • BNB gained 4% and settled above USD 400.

Bitcoin price started a fresh upside correction from the USD 38,500 zone and was able to surpass the USD 39,500 resistance level. It is currently (04:00 UTC) consolidating and eyeing an upside break above the USD 40,000 resistance. BTC is almost unchanged in a day and down almost 3% in a week.

Similarly, most major altcoins are eyeing a steady increase. ETH settled above USD 2,900, but it is facing many hurdles near USD 2,950 and USD 3,000. XRP is consolidating losses below the USD 0.65 zone. ADA is showing bearish signs below the USD 0.850 resistance zone.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above USD 38,500, bitcoin price started a decent increase. While BTC climbed above USD 39,500, it is struggling to clear the USD 39,880 and USD 40,000 resistance levels. The next major resistance might be USD 40,500, above which the price might rise towards USD 41,250.

On the downside, an initial support is near the 39,200 level. The next major support is near USD 38,800, below which the price might start a fresh drop.

Ethereum price

Ethereum price was able to climb above the USD 2,880 resistance. ETH even climbed above USD 2,900 but is facing a couple of hurdles. ETH is up over 1% in a day and down 2% in a week. The first major resistance is near the USD 2,950 level, above which the price could rise towards the USD 3,000 resistance.

On the downside, an immediate support is near the USD 2,880 level. The next major support is near the USD 2,850 level, below which the price might gain bearish momentum.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is still struggling below the USD 0.85 level. The next key resistance is near the USD 0.865 level, above which the bulls may perhaps test the USD 0.90 resistance zone.

BNB accelerated above the USD 395 resistance. It is up 4% and there was a close above the USD 400 level. BNB also erased all its weekly losses. The next major resistance is near the USD 412 level.

Solana (SOL) is consolidating below the USD 100 level. It is moving lower towards the USD 95 support zone. The next major support is near the USD 92 level, where the bulls might emerge.

DOGE extended decline below the USD 0.140 support before recovering. Any more losses could set the pace for a move towards the USD 0.135 level. DOGE is up almost 1% in a day.

XRP price is moving lower towards the USD 0.632 level. The next key support is near the USD 0.620, below which the price could test the USD 0.60 support zone.

Other altcoins market today

A few altcoins are in the green zone, including LTC, TRX, APE, FTT, ALGO, CAKE, NEXO, KAVA, XDC, and SKL. Out of these, KAVA is eyeing more gains above the USD 5.50 resistance zone and is up 6% in a day.

Overall, bitcoin price is showing a few positive signs above USD 39,200. However, BTC must settle above USD 39,800 and USD 40,000 to move into a bullish zone.

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