Bitcoin and Ethereum Gain Bullish Momentum, ADA Accelerates
Bitcoin price remained strong above the USD 40,500 level. BTC started a fresh increase and cleared the USD 42,000 resistance. It is currently (14:21 UTC) trading around USD 42,900 and might test the USD 43,200 resistance zone. BTC is now up 5% in a day and 8% in a week.
Similarly, most major altcoins are gaining bullish momentum. ETH broke the USD 3,000 level and might rise further to USD 3,080. XRP could start a stronger increase if it clears the USD 0.85. ADA jumped and cleared the USD 0.95 resistance.
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After forming a base above USD 41,500, bitcoin price started a fresh increase. BTC cleared the USD 42,000 and USD 42,500 resistance levels. The next major resistance is near the USD 43,200 level, above which the price could accelerate towards USD 44,000.
If there is a downside correction, the price might test the USD 42,200 level. The next major support is near USD 41,800, below which the bulls might struggle in the near term.
Ethereum price is gaining pace above the USD 2,950 level. ETH even cleared the USD 3,000 level and is now up almost 4% in a day and over 16% in a week. On the upside, an initial resistance is near the USD 3,050 level. The next key resistance might be near the USD 3,080 level, above which the price may perhaps rise to USD 3,150.
If there is a downside correction, the price might find bids near the USD 2,950 level. The next major support is near the USD 2,900 level, below which the price might test the USD 2,840 support zone.
Cardano (ADA) rallied almost 10% and there was a move above the USD 0.95 resistance zone. The next key resistance is near the USD 1.00 level. A close above USD 1.00 might push the price to USD 1.05.
BNB settled above the USD 400 pivot zone. An immediate
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