Bitcoin and Ethereum Start Recovery, ETC and ATOM Rally
- Bitcoin price is attempting a recovery wave above the USD 21,650 resistance.
- Ethereum cleared the USD 1,650 resistance, and XRP is still facing resistance near USD 0.35.
- ATOM rallied over 12%; ETC is up nearly 10%.
Bitcoin price remained supported above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) showing a few positive signs and might rise towards the USD 22,000 level.
Similarly, most major altcoins are slowly moving higher. ETH was able to clear the USD 1,650 resistance zone. XRP might rise if it clears the USD 0.35 resistance. ADA could attempt an upside break above the USD 0.475 resistance.
Total market capitalization
After a close above the USD 21,200 level, the bitcoin price slowly moved higher. BTC was able to clear the USD 21,500 resistance zone. It is now attempting a clear move above the USD 21,650 level. If the bulls succeed, the price may rise towards the USD 22,000 resistance. The next resistance is near the USD 22,500 level, above which the price might gain bullish momentum.
On the downside, initial support is now near the USD 21,200 level. The next key support sits near the USD 21,000 zone, below which the price could start another decline.
Ethereum price also recovered above the USD 1,620 level. ETH climbed above the USD 1,650 and USD 1,665 resistance levels. The next key resistance is near the USD 1,720 level, above which the price could rise towards the USD 1,750 resistance zone.
If there is another decline, the price might find bids near the USD 1,620 support zone. The next major support is USD 1,550, below which the price could gain bearish momentum.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to settle above the USD 0.45 zone. It is now attempting to clear the USD 0.465 resistance, above which the price may test the USD 0.475 resistance zone.
BNB is still consolidating below the USD 300 resistance zone. A close above the USD 300 resistance might even push the price above USD 305. The next major resistance on the upside sits at USD 312.
Solana (SOL) is up over 3%, and there was a clear move above the USD 35 resistance level. The next major resistance is near the USD 36.50 level, above which the price might test USD 38.
DOGE remained well bid above the USD 0.065 support. It is slowly moving higher and trading above USD 0.0680. The next major resistance is near USD 0.070, above which the price could gain bullish momentum.
XRP price is consolidating below the USD 0.35 resistance zone. A close above the USD 0.35 level may start a steady increase.
Other altcoins market today
Many altcoins are slowly moving higher, including DOT, MATIC, UNI, ETC, ATOM, LINK, NEAR, FLOW, VET, ICP, APE, and MANA. Out of these, ATOM rallied over 12% and broke the USD 12.75 level.
Overall, the bitcoin price is slowly moving higher above USD 21,500. If BTC settles above USD 21,650, it could even attempt to clear the USD 22,000 resistance zone.
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