Bitcoin price has gained 12% since yesterday’s test of $34,500 and is now trading above $38,900 Similarly, the majority of big altcoins reduced their losses. ETH increased by 11% and went through the $2,600 resistance level. XRP is aiming to close above USD 0.70 at the moment. ADA climbed above $0.85 after testing $0.75.
Bitcoin (BTC)
Bitcoin price found support near $34,500 after a steep fall. Above $35,000, BTC formed a base and began a significant comeback wave above the USD 38,000 resistance mark. On the upside, the price is coming up against resistance near USD 39,500. The next major resistance mark is near $40,000, above which the price may begin to gather bullish momentum.
The price may test the $38,500 support if there is a negative correction. The next major support level is near $37,500, below which BTC might fall to $36,200.
Ethereum (ETH)
Ethereum’s price followed a similar pattern and began a new upward trend from the USD 2,300 level. The price of ETH has risen above $2,600 and is now facing resistance near USD 2,650. The next major resistance zone is at USD 2,750, above which the price might touch $2,880. If not, it might fall to the USD 2,550 support level. The next important support level is near $2,500, below which the price may test $2,420.
Other Coins
Cardano (ADA) fell dramatically, testing the USD 0.75 support level. It has recovered its losses and is now trading above USD 0.80. Although the price gained to $0.85, the bears are likely to continue aggressive towards USD 0.90. The value of BNB has risen above $350. It’s currently seeking to break above the $365 barrier level on the upside. If a definite trend emerges, the price might soar towards $388.
Solana (SOL) is trading above the $85 barrier mark, up 16 percent. The next big barrier is near the $95 level, above which the bulls may try to break through to the $100 level. DOGE dropped to $0.105 before resuming its upward trend. The price is now stabilizing over $0.120. The bulls may find resistance near the USD 0.125 level on the upside. The price of XRP soared and tested the $0.62 support level. The price has begun to rebound and is currently trading near $0.70. A close above $0.70 may pave the way for more advances.
