Bitcoin and Ethereum Inch Higher, HNT and WAVES Rally

 

  • Bitcoin price is showing positive signs above USD 30,000.
  • Ethereum is struggling near USD 1,920, XRP is facing resistance above USD 0.40.
  • HNT and WAVES jumped 21% and 31%, respectively.

Bitcoin price started a strong increase above the USD 29,500 level and even spiked above USD 30,500. It is currently (11:46 UTC) showing positive signs near USD 30,700 and is up 5% in a day and 1% in a week.

Similarly, most major altcoins are also moving higher. ETH could gain pace if it clears the USD 1,920 resistance zone. XRP is still struggling to settle above USD 0.40. ADA settled above USD 0.505 and might continue to rise.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close above USD 29,500, bitcoin price extended gains. If the bulls remain in action after clearing the USD 30,500 level, the price may perhaps climb above the USD 31,200 resistance. The next key resistance is near USD 32,000, above which the price could rise towards USD 33,200.

On the downside, an immediate support is at USD 30,000. The first major support is near the USD 29,500 level, below which the price could test the key USD 28,500 support.


Ethereum price

Ethereum price started a steady increase above the USD 1,850 resistance zone. The price even climbed above USD 1,900, but it struggled to clear the USD 1,920 resistance. ETH is now up 6% in a day and down 7% in a week. The next major resistance is near USD 1,950, above which the price could test USD 2,000.

On the downside, an initial support is near the USD 1,820 zone. The next major support is near the USD 1,800 level, below which the price might revisit USD 1,750.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) settled well above the USD 0.50 resistance level and even spiked above USD 0.520. If the bulls remain in action, the price could rise steadily towards the USD 0.55 resistance. ADA is up 12% in a day.

BNB is moving higher and approaching the USD 320 resistance level. A clear move above this level could fuel a stronger increase. The next major resistance could be near USD 335.

Solana (SOL) gained pace above the USD 45 level but is facing hurdles near the USD 48 level. A clear move above the USD 48 level could send the price towards the USD 50 resistance.

DOGE is consolidating near the USD 0.0850 zone. The next major resistance is near USD 0.0880. A clear move above the USD 0.0880 level could send the price towards USD 0.0920.

XRP price is facing a strong selling interest above the USD 0.40 resistance. A close above USD 0.40 might spark a steady increase. The next key hurdle is near USD 0.45.

Other altcoins market today

Many altcoins are showing signs of more gains, including DOT, AVAX, SHIB, MATIC, CRO, NEAR, UNI, XMR, XLM, LINK, ALGO, and APE. Meanwhile, HNT jumped 21% and surpassed USD 8.60, increasing its weekly gains to 6%, while WAVES rallied 31%, surpassed USD 5.70, and trimmed its weekly losses to less than 5%.

To sum up, bitcoin price is attempting a steady increase above the USD 30,000 level. If BTC continues to rise, there could be a move towards the USD 32,000 level. If not, it could correct lower towards the USD 29,500 level.

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