Bitcoin and Ethereum Look for Direction, LUNA and RUNE Accelerate
Bitcoin price remained supported near the USD 37,500 zone. BTC is moving higher and even surpassed USD 39,000 before correcting lower. It is currently (12:03 PM UTC) trading above USD 38,900, and the bulls might face hurdles near the range resistance at USD 40,000.
Similarly, most major altcoins are moving higher in a range. ETH must clear the USD 2,650 resistance to gain pace. XRP is facing a major hurdle at USD 0.80. ADA is moving higher and might surpass USD 0.825.
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After a fresh decline, bitcoin price found support near the USD 37,500 zone. BTC is moving higher and there was a brief move above the USD 39,000 level. If the price gains pace above USD 39,500, the bulls might attempt a move above USD 40,000. A close above this level is needed for a steady increase.
If there is no clear move, the price may perhaps start another decline to USD 38,000. The next key support is near the USD 37,500 level, followed by USD 37,200.
Ethereum price was stable near the USD 2,500 zone. ETH is correcting losses and attempting a move above USD 2,600. The next key hurdle stands near USD 2,650, above which the price may possibly gain bullish momentum.
If there is no clear break above USD 2,650, the price might move down. An initial support is near USD 2,500. The range support is near USD 2,450, below which the price might tumble.
ADA was able to recover above the USD 0.80 pivot zone. An immediate resistance is near the USD 0.820 level. The main resistance is near the USD 0.85 level, above which the price might gain bullish momentum.
BNB declined below the USD 365 support, but there was no test of USD 350. The price is now recovering and trading near USD 370. The first major resistance is near USD 375, above which the
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