Bitcoin and Ethereum Still Consolidate, ETC and LEO Rally
- Bitcoin price is consolidating above the USD 38,000 resistance.
- Ethereum is trading in a positive zone above USD 2,700, XRP is stable near USD 0.62.
- ETC and LEO rallied 8% and 21%, respectively.
Bitcoin price started a steady increase above the USD 38,000 resistance. BTC even traded above the USD 38,800 but faced sellers near USD 39,200. It is currently (04:19 UTC) consolidating, with a strong support near USD 37,800.
Similarly, most major altcoins are showing positive signs. ETH spiked above USD 2,800 and holding gains above USD 2,700. XRP might rise towards the USD 0.65 resistance. ADA is up almost 3% and trading near the USD 1.10 resistance.
Total market capitalization
After a close above USD 38,000, bitcoin price extended its increase. BTC was able to clear the USD 38,800 resistance zone. However, the bears are now blocking the USD 39,200 zone. If there is another increase, the price could clear USD 39,200 and test the USD 40,000 resistance. The next major resistance is near the USD 40,800 level.
An immediate support is near the USD 38,200 level. The next major support is near USD 37,800, below which the price could face stronger selling pressure.
Ethereum price gained pace above the USD 2,700 level. ETH even broke the USD 2,750 resistance but faced sellers near USD 2,800. The next key resistance is near the USD 2,880 level, above which the price could rise towards the USD 3,000 level.
On the downside, an initial support is near the USD 2,720 level. The next major support is near USD 2,700, below which the price may perhaps test USD 2,600.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) gained pace after there was a clear move above the USD 1.05 resistance. It even broke the USD 1.08 level and is now approaching USD 1.10. Any more gains could send the price towards the USD 1.12 level.
Binance coin (BNB) is facing resistance near the USD 388 level. A clear move above USD 388 could send the price towards the USD 400 resistance. The next major resistance is near the USD 420 level.
Solana (SOL) started a strong increase above the USD 100 resistance. It extended increase and even climbed above the USD 105 level. The next resistance is near USD 112, above which the price could test USD 120.
DOGE is still struggling near the USD 0.145 resistance. The next key resistance is near the USD 0.150 level. If there is no upside break, the price could correct lower towards the USD 0.135 level.
XRP price is consolidating near the USD 0.620 level. On the upside, the price is facing a lot of hurdles, starting with USD 0.635. The next major resistance for the bulls may possibly be USD 0.65.
Other altcoins market today
Many altcoins are up over 5%, including DOT, AVAX, LTC, ETC, ALGO, LEO, XTZ, GRT, KSM, ZEC, QNT, and MINA. Out of these, LEO surged 21% and cleared the USD 4.5 level, increasing its weekly gains to 29%. ETC is now up 17% in a week after it jumped 8% in a day, reaching USD 28.
Overall, bitcoin price is trading in a positive zone above the USD 38,000 level. If BTC remains stable above USD 37,800, there might be an increase towards the USD 40,000 resistance zone in the near term.