Bitcoin and Ethereum Prices Pump, APE and CAKE Outperform
- Bitcoin price pumped and even spiked above USD 22,000.
- Ethereum settled above USD 1,700, XRP is consolidating above the USD 0.35 resistance.
- APE, CAKE and QNT are gaining bullish momentum.
Bitcoin price started a strong increase above the USD 20,500 resistance. BTC even spiked above USD 22,000 and is currently (04:00 UTC) correcting lower. The bulls are now likely to remain active near the USD 21,200 zone.
Similarly, most major altcoins started a steady increase. ETH was able to clear the USD 1,700 resistance and tested USD 1,780. XRP is showing positive signs above the USD 0.35 resistance. ADA is consolidating above the USD 0.50 resistance.
Bitcoin price
After a close above the USD 21,000 level, bitcoin price gained bullish momentum. BTC was able to clear the USD 21,200 and USD 21,500 resistance levels. It even spiked above USD 22,000 before the bears appeared near USD 22,250. The price is now correcting gains below the USD 22,000 level. On the downside, an initial support is near the USD 21,500 level. The next major support is near the USD 21,200 zone, below which the price could test USD 20,500.
On the upside, the price might struggle near USD 22,000. The next major resistance is now near the USD 22,250 level, above which it could rise towards USD 23,200.
Ethereum price
Ethereum price started a decent increase and settled above the USD 1,700 level. ETH even traded close to the USD 1,790 level before there was a downside correction. On the downside, an initial support is now near the USD 1,720 level. The next major support is USD 1,680, below which price could revisit USD 1,650.
If there is another increase, the price might test USD 1,780. The next major resistance is near USD 1,800, above which the price may perhaps test USD 1,880.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to clear the USD 0.50 resistance. The price is now consolidating above USD 0.50 and might rise towards USD 0.52. Any more gains might set the stage for a larger increase.
BNB is rising and trading above the USD 292 resistance zone. It seems to be facing a strong resistance near USD 298 and USD 300, above which it could rally.
Solana (SOL) settled above the USD 35.00 resistance. If the bulls remain in action, the price might soon test the USD 36.50 resistance zone.
DOGE is gaining pace above the USD 0.062 resistance. The next major resistance sits near the USD 0.0650 level, above which the price may perhaps rise steadily towards the USD 0.0688 resistance zone.
XRP price climbed higher and broke the USD 0.35 level. It is now consolidating and seems like the bulls might aim a move towards the USD 0.40 level in the near term.
Other altcoins market today
Many altcoins are in a positive zone, including APE, QNT, CAKE, XEM, NEAR, LEO, CHZ, AR, XMR, and LINK. Out of these, APE gained close to 10% and might even clear the USD 5.50 resistance.
Overall, bitcoin price is showing positive signs above USD 21,500. If the bulls remain in action, BTC could soon test the USD 22,500 resistance or even USD 23,200.
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