Ethereum tests USD 1.4K when Bitcoin swings around USD 21K, MATIC and ETC Rally
- Bitcoin is looking for more gains over USD 21,000.
- Ethereum took off and tested USD 1400, XRP consolidates close to 0.35.
- MATIC increased 8%, ETC increased 25%.
The Bitcoin price rose above the USD 20,500 pivot level and managed to climb above the USD 21,000 level. It is currently trading (04:09 UTC) close to USD 21,300 and is almost unchanged in one day and up 2% in one week.
Similarly, most major altcoins show positive signs. ETH picked up speed and even rose above the USD 1400 level. XRP is looking at an increase against the resistance of USD 0.40. The ADA consolidates above the resistance zone of USD 0.45.
Total market value
Bitcoin price
After forming a base above $ 20,500, the bitcoin price started to rise steadily. It is now showing positive signs close to $ 21,300, with an immediate hurdle close to the $ 21,500 level. The next major resistance may be USD 22,000, above which the price may gain bullish momentum.
On the downside, initial support is close to the $ 20,800 level. The next major support is close to the $ 20,500 zone, below which the price could return to $ 20,000.
Ethereum price
The Ethereum price outperformed bitcoin with a strong pull over the resistance of USD 1,250. ETH even rose just above USD 1400 and is now up almost 4% in a day and 20% in a week. The next big resistance is at USD 1480, above which the price can test USD 1500.
On the downside, the price may find support close to $ 1350. The next major support is close to $ 1,320, below which the price may visit the $ 1,250 support zone.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) was able to settle above the resistance of USD 0.45. It now faces resistance near the USD 0.48 level. A clear upside break over the resistance of USD 0.48 could trigger a stronger increase.
BNB managed to remove the resistance of USD 245 and moved over the resistance zone of USD 250. The next major resistance is close to the USD 265 level.
Solana (SOL) took off above the USD 38 level. It even went over the $ 40 barrier and shows positive signs. The next key resistance is close to the USD 42 level.
DOGE shows positive signs above the support level of USD 0.062. It seems to be struggling near the resistance zone of USD 0.065, above which the bulls can push the price towards USD 0.0700.
The XRP price was able to remove the resistance of USD 0.35. It is now consolidating gains and facing a medium resistance close to USD 0.388 on its way to the USD 0.40 level.
Other altcoins market today
Many altcoins also move higher, including DOT, MATIC, AVAX, LEO, UNI, LTC, FTT, NEAR, ATOM, BCH, ICP and APE. Of these, MATIC received 8% and tested the USD 0.80 level, becoming the best performer among the top 25 cryptocurrencies based on market value. It is also up 40% in a week. Meanwhile, the ETC is the best performer among the top 100 coins today – jumping 17% in a day, 42% in a week and moving above $ 21.
Overall, the bitcoin price is moving higher above the $ 21,200 level. BTC can gain momentum if there is a clear move above the resistance zone of USD 21,500.
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