Bitcoin and Ethereum Consolidate, APE, ADA, and AXS Lead
Bitcoin price was able to settle above the USD 42,500 resistance zone. BTC climbed above USD 43,000 and is now (11:50 UTC) consolidating gains just below this level, having increased more than 2% in a day.
Similarly, most major altcoins are showing positive signs. ETH settled above USD 3,000 and might soon clear USD 3,080. XRP is still consolidating below the USD 0.85 resistance. ADA gained 15% and surpassed the USD 1.12 resistance.
Total market capitalization
After a close above USD 42,500, bitcoin price extended its increase. BTC was able to clear the USD 43,000 resistance level and might soon attempt a clear move above the USD 43,500 resistance level. If the bulls succeed, the price might rise steadily towards the USD 44,200 level. The next major resistance is near the USD 45,000 level.
If there is a downside correction, the price might find support near the USD 42,500 level. The next major support is near USD 42,200, below which the price might revisit the USD 41,550 support.
Ethereum price settled above the USD 3,000 resistance and is now consolidating near the USD 3,050 level. A clear move above the USD 3,080 level could set the pace for a larger increase in the coming sessions.
On the downside, the price might find support near the USD 3,000 level. The next major support is near the USD 2,950 level, below which the price might struggle in the short term.
Cardano (ADA) is up 15% and the bulls pushed the price above the USD 1.12 resistance zone. It is now showing bullish signs and there are chances of a move towards the USD 1.142 level. (Learn more: ADA Rallies as Coinbase Offers 3.75% APY for Staking Cardano)
BNB might attempt an upside break above the USD 412 resistance level. A close above USD 412 might push the price
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