Bitcoin and Ethereum Keep Inching Higher, CEL Doubles in a Week
Bitcoin price formed a strong base above USD 22,650 and rallied on US inflation news yesterday. BTC is now (03:59 UTC) trading near the USD 24,400 level and is up over 6% in a day and almost 7% in a week.
Similarly, most major altcoins are eyeing more upsides. ETH rallied over 12% and surpassed the USD 1,880 resistance. XRP might test the USD 0.40 resistance while ADA is approaching the USD 0.55 resistance.
Total market capitalization
After a sharp decline, bitcoin price found a strong support above USD 22,500. The bulls were active near USD 22,600 and USD 22,700. As a result, BTC started a strong increase and is now facing resistance near the USD 24,500 level. The next main resistance is near the USD 25,000 level, above which the price might even test USD 26,000.
On the downside, an immediate support is at USD 24,000. The next major support is near the USD 23,500 zone, below which the price could start a fresh decline in the near term.
Ethereum price outperformed bitcoin with a strong move above the USD 1,750 resistance. ETH rallied over 12% in a day and cleared the USD 1,880 resistance. It even spiked above USD 1,900 before it started a consolidation phase. ETH is also up 16% in a week. On the downside, an initial support is near the USD 1,850 level. The next major support is near the USD 1,800 zone, below which the price could drop towards the USD 1,750 level.
An immediate resistance is near the USD 1,920 level. The next key resistance is near the USD 2,000 level, where the bulls might face selling interest.
Cardano (ADA) is rising steadily above the USD 0.535 resistance. The first major resistance is near USD 0.55, above which the price could accelerate higher towards USD 0.60.
BNB is back above the USD 325 resistance
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