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Bitcoin and Ethereum Eye Fresh Surge, LUNC Extends Rally

Aayush Jindal
Last updated: | 2 min read
  • Bitcoin price is eyeing an upside break above the USD 20,000 resistance.
  • Ethereum could rise towards USD 1,700, XRP is approaching the USD 0.335 resistance.
  • ATOM, LINK and LUNC are gaining bullish momentum.

Bitcoin price remained stable and climbed above USD 19,000. BTC is currently (04:00 UTC) eyeing an upside break above the USD 19,500 resistance. If the bulls succeed, the price could rise 4%-5%.

Similarly, most major altcoins might start a steady increase. ETH might climb further above USD 1,650 and test USD 1,700. XRP is approaching the USD 0.35 resistance. ADA cleared the USD 0.48 resistance zone.

Bitcoin price

After forming a base above USD 18,500, bitcoin price started an upside correction. BTC was able to clear the USD 19,000 and USD 19,200 levels. It is now attempting a clear move above the USD 19,400 and USD 19,500 resistance levels. If there is a close above USD 19,500, the price might rise steadily. The next major resistance is now near the USD 20,000 level.

On the downside, an initial support is near the USD 19,000 level. The next major support is near the USD 18,500 zone, below which the price could resume its downtrend.

Ethereum price

Ethereum price started a decent increase and settled above the USD 1,600 level. BTC is now showing positive signs above the USD 1,620 resistance. The next major resistance is near USD 1,650, above which the price may perhaps test USD 1,700. Any more gains might start a move towards the USD 1,800 level.

On the downside, an initial support is now near the USD 1,600 level. The next major support is USD 1,585, below which price could revisit USD 1,550.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) was able to clear the USD 0.48 resistance. It seems like the bulls might soon push the price towards the USD 0.50 level. Any more gains might set the stage for a larger increase.

BNB is rising and trading above the USD 280 resistance zone. It is now approaching the USD 285 level. The next major resistance is USD 288, above which the price might test USD 300.

Solana (SOL) is up over 6% and there was a move above the USD 33.50 resistance. If the bulls remain in action, the price might soon test the USD 35.00 resistance zone.

DOGE is showing positive signs above the USD 0.062 resistance. The next major resistance sits near the USD 0.0635 level, above which the price may perhaps rise steadily towards the USD 0.065 resistance zone.

XRP price climbed higher and broke the USD 0.335 level. The bulls are now attempting a move above USD 0.350. A close above the USD 0.35 resistance could start a steady increase towards the USD 0.40 resistance zone.

Other altcoins market today

Many altcoins are rising steadily, including DOT, MATIC, ETC, UNI, LINK, LUNC, BCH, XMR, XLM, XTZ, EGLD, AAVE, and OKB. Out of these, LUNC rallied over 15% and cleared the USD 0.00052 level.

Overall, bitcoin price is recovering and trading above USD 19,500. If the bulls remain in action, BTC could soon test the USD 20,000 resistance or even USD 20,500 in the short-term.

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