Bitcoin and Ethereum Face Key Breakout Zone, DOGE Jumps on Musk News

cryptonews.com:

Bitcoin price gained pace after it cleared the USD 40,500 resistance zone. BTC even surpassed the USD 41,200 resistance before correcting lower. It is currently (11:10 UTC) trading near USD 41,000 and is up 3% in a day.

Similarly, most major altcoins are facing important hurdles. ETH climbed above the USD 3,100 level but faced hurdles near USD 3,150. XRP may perhaps face a strong selling interest near USD 0.75. ADA is still trading below the key USD 1.0 resistance zone.

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After a clear move above USD 40,500, bitcoin price extended increase. BTC was able to clear the USD 41,000 and USD 41,200 levels. It even spiked above USD 41,500, but there was no upside continuation. The price is now consolidating and might make another attempt to clear USD 41,500. The next key resistance is now forming near the USD 42,000 level, above which the price might gain bullish momentum.

On the downside, an initial support is near the USD 40,500 level. The next major support is near USD 40,000, below which the price might resume its decline. 

Ethereum price gained pace above the USD 3,080 resistance zone. ETH extended its increase and failed to move above the USD 3,150 level, dropping below USD 3,100. ETH is still up almost 2% in a day. If the bulls return in the near term, the price could rise towards USD 3,200. The next key resistance might be near the USD 3,250 level.

If there is a downside correction, the price might find bids near USD 3,050. The next major support is near the USD 3,000 level, below which the price could resume decline.

Cardano (ADA) gained pace above the USD 0.95 resistance zone. However, the price failed to test the USD 1.0 resistance. ADA is now consolidating gains above USD 0.95. A downside break