Bitcoin Price and Ethereum Aim Higher, MKR and RUNE Rally
- Bitcoin price is eyeing more gains above $20,000.
- Ethereum is facing resistance near $1,350, MKR and RUNE gain 8%
- TAMA rallies 118% in 24 hours
Bitcoin price is slowly moving higher above $19,500. BTC at press time is facing resistance near 19,650. A clear move above would bring $20,000 into play.
Similarly, most major altcoins are eyeing an upward move as well. ETH is targeting the $1,350 resistance, XRP is eyeing the $0.48 level and ADA is facing resistance near $0.435.
After retesting the $19,000 level, bitcoin price started a steady increase. BTC was able to clear the $19,200 and $19,300 levels with relative ease. It even broke out above the $19,500 level and the 50-hour simple moving average. The price is now facing strong resistance near the $19,650 level. The next major resistance is near $20,000, above which the price could go all the way to $20,200.
On the downside, initial support can be found near the $19,300 zone. The next major support is near the $19,000 level, which has held well on several occasions.
Ethereum price formed a base above the $1,265 level and started a steady increase. ETH was able to clear the $1,300 resistance zone and the 50-hour simple moving average. On the upside, the price is facing resistance near the $1,350 level. A move above this zone could see ETH rallying all the way to $1,700.
On the downside, initial support is near the $1,300 level and the 50-hour simple moving average. Below that then $1,260 is the level to keep an eye on.
ADA, BNB, SOL, DOGE, MKR, RUNE and XRP price
Cardano (ADA) is consolidating above the $0.42 level. It is slowly moving higher towards the $0.435 resistance. The main support sits near the $0.45 level, above which the price could rally to $0.48.
BNB is trading in a range around the $285 level. If BNB is able to break above $300, then the next resistance would be at $330.
Solana (SOL) is up over 2% and trading at the $33 level. Immediate resistance can be found near $33.50. A close above $33.50 could send the price up around 10% to $36.
Dogecoin (DOGE) is consolidating above the $0.0600 level. The price needs to make a clear move above $0.068 to then target $0.10.
XRP (XRP) is back above the $0.45 support. Immediate resistance is near the $0.465 level. A clear move above $0.465 could send the price towards the $0.50 level.
Maker (MKR) price is ranging around the $835 level, up around 6% on the day. MKR needs to hold above $850 to then target the $900 level.
THORChain (RUNE) is up 5% today, and consolidating at the $1.65 level. There is resistance near $1.80 and above that $2.10.
New Altcoin News
Tamadoge (TAMA) is a new deflationary meme token among the top crypto gainers this week.
Notably, its bull cycle currently has outperformed Terra Classic (LUNC), with over 1,500% returns.
The TAMA token is now up 118% in the past 24 hours. With a potential Binance listing in the works, there could be further upside.