Bitcoin and Ethereum Remain Supported, BNB Moves Higher
Bitcoin price started a fresh upside correction from the USD 38,500 zone and was able to surpass the USD 39,500 resistance level. It is currently (04:00 UTC) consolidating and eyeing an upside break above the USD 40,000 resistance. BTC is almost unchanged in a day and down almost 3% in a week.
Similarly, most major altcoins are eyeing a steady increase. ETH settled above USD 2,900, but it is facing many hurdles near USD 2,950 and USD 3,000. XRP is consolidating losses below the USD 0.65 zone. ADA is showing bearish signs below the USD 0.850 resistance zone.
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After a close above USD 38,500, bitcoin price started a decent increase. While BTC climbed above USD 39,500, it is struggling to clear the USD 39,880 and USD 40,000 resistance levels. The next major resistance might be USD 40,500, above which the price might rise towards USD 41,250.
On the downside, an initial support is near the 39,200 level. The next major support is near USD 38,800, below which the price might start a fresh drop.
Ethereum price was able to climb above the USD 2,880 resistance. ETH even climbed above USD 2,900 but is facing a couple of hurdles. ETH is up over 1% in a day and down 2% in a week. The first major resistance is near the USD 2,950 level, above which the price could rise towards the USD 3,000 resistance.
On the downside, an immediate support is near the USD 2,880 level. The next major support is near the USD 2,850 level, below which the price might gain bearish momentum.
Cardano (ADA) is still struggling below the USD 0.85 level. The next key resistance is near the USD 0.865 level, above which the bulls may perhaps test the USD 0.90 resistance zone.
BNB accelerated above the USD 395 resistance. It is up 4% and there was
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