Bitcoin and Ethereum Inch Higher, MATIC Regains Strength

cryptonews.com:

After extending its correction below USD 23,000, bitcoin managed to stay above the USD 22,500 support and moved higher again. It is currently (03:50 UTC) trading near USD 22,950 and is up almost 1% in a day and 12% in a week.

Similarly, most major altcoins are showing signs of a fresh increase. ETH climbed 5% and almost retested the USD 1,600 resistance zone. XRP stayed above the key USD 0.35 support. ADA is attempting an upside break above the USD 0.50 zone.

Total market capitalization

After a downward move below USD 23,000, bitcoin price found support. BTC stayed above the key USD 22,500 zone. A base was formed and the price is now moving higher toward USD 23,000. An immediate resistance on the upside is near the USD 23,500 level. The next major resistance could be USD 24,000, above which the price could gain bullish momentum.

On the downside, an initial support is near the USD 22,800 level. The next major support is near the USD 22,500 zone, below which the price could face a strong selling interest.

Ethereum price remained strong above the USD 1,450 level. ETH recovered losses and climbed above the USD 1,550 resistance zone. ETH is now up 5% in a day and 31% in a week. On the upside, the price could face sellers near USD 1,600. The next major resistance is at USD 1,625, above which the price could start another increase.

If there is no upside break, the price could revisit USD 1,550. The next major support is near USD 1,500, below which the price might retest the USD 1,450 support zone.

Cardano (ADA) managed to stay above the USD 0.465 level. It is recovering losses and approaching the USD 0.50 resistance. A close above the USD 0.50 zone could start a stronger increase in the coming sessions.

BNB tested the key USD 250