Bitcoin and Ethereum Accelerate, ADA, SOL, and More Altcoins Rally
Bitcoin price was able to clear the USD 39,200 resistance level and even tested the USD 40,000 resistance. It is currently (04:08 UTC) consolidating gains above USD 39,700 and might test USD 40,000 again. BTC is up over 4% in a day and 1% in a week.
Similarly, most major altcoins are also gaining pace. ETH broke the USD 2,900 and USD 2,920 resistance levels. XRP broke the key USD 0.65 resistance zone while ADA rallied above USD 0.85.
Total market capitalization
After another rejection near USD 37,500, bitcoin price started a recovery wave. BTC was able to clear the USD 38,800 and USD 39,200 resistance levels and test the USD 40,000 resistance. It is now consolidating gains and might attempt more upsides above USD 40,000. The key resistance is still near the USD 40,350 level, above which the price might rise to USD 41,200.
On the downside, an initial support is near USD 39,500. The next major support is near USD 39,200, below which the price might test USD 38,800.
Ethereum price also gained pace above the USD 2,850 resistance level and climbed above the USD 2,920 resistance level. ETH jumped 5% in a day and almost 2% in a week. It is now consolidating near the USD 2,950 level and might attempt a move towards the USD 3,000 resistance.
On the downside, an immediate support is near the USD 2,900 level. The next major support is near the USD 2,850 level, below which the price might resume its decline.
Cardano (ADA) started a strong surge above the USD 0.85 resistance. It gained 13% and even tested the USD 0.90 resistance. A close above USD 0.90 may perhaps open the doors for a steady increase towards the USD 0.95 resistance. ADA is also up 5% in a week.
BNB gained almost 5% and there was a move above the USD 400 resistance. The price
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