Bitcoin and Ethereum Try to Recover, ETC and NEAR Rally
Bitcoin price formed a base above the USD 43,000 level and moved above USD 43,500. It is currently (04:05 UTC) trading in a range near USD 43,600, with a key breakout zone near the USD 44,000 level.
Besides, most major altcoins are attempting a recovery wave. ETH must clear the USD 3,300 resistance level to accelerate. XRP might continue to struggle near the USD 0.80 level. ADA is still consolidating below USD 1.10.
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After a sudden decline, bitcoin price found support near the USD 42,800 zone, formed a base above the USD 43,000 level, and increased less than 1% in a day. It corrected above the USD 43,500 level and might soon test the USD 44,000 level. The next major resistance is near the USD 44,200 level, above which the price could gain bullish momentum.
On the downside, an initial support is near the USD 43,200 level. The next major support is near USD 43,000, below which the price might start a fresh decline.
Ethereum price found support near the USD 3,150 zone and recovered above USD 3,250. It’s now up more than 2% in a day. The next key resistance might be near the USD 3,300 level, above which the price may perhaps climb to USD 3,380.
If there is no upside break, the price might retest USD 3,200. The next major support is near the USD 3,150 level, below which the price could decline to USD 3,050.
Cardano (ADA) is moving higher towards the USD 1.10 level. The first major resistance is near the USD 1.12 level, above which the bulls could take control. The next key resistance is near the USD 1.15 level.
BNB is rising again and approaching the USD 440 level. The first major resistance is near the USD 442 level. A clear move above USD 442 may perhaps call for a retest of the USD 455 resistance zone.
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