Bitcoin and Ethereum Hold Gains, Altcoins Accelerate

cryptonews.com:

Bitcoin price remained well supported above the USD 28,500 level and started a decent increase above the USD 29,500 resistance. It is currently (04:00 UTC) trading near USD 30,200 and is up 3% in a day and 4% in a week.

Similarly, most major altcoins are moving higher. ETH recovered losses and climbed above USD 2,000. XRP moved above USD 0.42 but is struggling to gain momentum. ADA is facing resistance near the USD 0.55 level.

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After a downside correction, bitcoin price found support near the USD 28,500 level, recovered, and broke the USD 30,000 resistance, moving into a positive zone. On the upside, an initial resistance is near the USD 30,500 zone. The next key resistance is still near the USD 31,200 and USD 31,500 levels.

An immediate support is near the USD 29,850 level. The next major support is near the USD 29,500 level, below which the price could start a fresh decline.

Ethereum price also followed a similar pattern and recovered above the USD 1,950 level. ETH moved higher and reclaimed the USD 2,000 barrier. ETH is up 3% in a day and a week. On the upside, an immediate resistance is near the USD 2,050 level. The key resistance is near USD 2,120, above which the price could start a stronger increase.

An initial support is near the USD 1,950 level. The next major support is near the USD 1,900 level, below which the price might gain bearish momentum.

Cardano (ADA) found support around the USD 0.50 level and recovered losses. It climbed above the USD 0.532 level, but it is facing a strong resistance near the USD 0.55 level.

BNB tested the key USD 288 support level. It remained well bid and was able to recover losses above USD 300. The price is now facing resistance near USD 312, above which it