Bitcoin and Ethereum Trend Higher, LUNA Pauses, WAVES Accelerates
Bitcoin price moved above the USD 48,000 level before a minor decline and is currently (11:51 UTC) moving higher above the USD 47,800 level. The current price action suggests chances of more gains above USD 48,500. BTC Is now up more than 1% in a day.
Similarly, most major altcoins might start another increase. ETH could gain momentum if it settled above the USD 3,500 level. XRP might soon go for another upside break above the USD 0.90 resistance. ADA is consolidating above the USD 1.20 level.
Total market capitalization
After a steady move, bitcoin price climbed above the USD 48,000 level earlier today. However, BTC struggled to continue higher and corrected below USD 48,000, before starting moving higher again.
If there is a close above the USD 48,000 level, the price could accelerate higher. The next major resistance is near the USD 48,800 level, above which the bulls might move toward USD 50,000.
Ethereum price is rising steadily above the USD 3,400 level and is now up almost 4% in a day. If the bulls remain in action, ETH could soon test the USD 3,500 level. The next key resistance might be near the USD 3,650 level, above which the price could rise to USD 3,720. Any more gains may perhaps send the price towards USD 3,800.
On the downside, an initial support is near the USD 3,350 level. The next major support is near the USD 3,300 level, below which the price might slide towards the USD 3,250 support zone.
Cardano (ADA) is moving higher above the USD 1.20 pivot level and the bulls might attempt an upside break above USD 1.245. If they succeed, the price might test USD 1.268.
BNB is rising towards the USD 442 resistance level. The next major resistance is near the USD 450 level, above which the price could rise towards the
Read more on cryptonews.com
