Bitcoin and Ethereum Move Higher, MKR and CELO Outperform
Bitcoin price found support just above the USD 45,000 level. BTC started a decent upward move and climbed above USD 46,200. It is currently (04:16 UTC) showing positive signs near USD 46,700 and might attempt an upside break above USD 47,200.
Besides, most major altcoins are trading in a positive zone and stayed above key supports. ETH recovered and moved above USD 3,500. XRP might decline and test the USD 0.805 support. ADA eyes an upside break above the USD 1.22 resistance.
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After a spike below USD 45,500, bitcoin price found support, started a recovery wave, and is now up almost 2% in a day. It cleared the USD 46,000 and USD 46,500 resistance levels. On the upside, the price is facing resistance near the USD 47,000 level. The next key resistance is near the USD 47,500 level, above which the price could gain bullish momentum.
If there is no upside break, the price might dip below USD 46,200. The next major support is near USD 46,000, below which the price might test USD 45,500. Any more losses may possibly spark a move below USD 45,000.
Ethereum price remained in a positive zone above the USD 3,400 level. ETH recovered losses and was able to climb above the USD 3,500 level, increasing its daily gains to almost 1%. On the upside, the price might struggle near USD 3,550. The next key resistance might be near the USD 3,580 level, above which the price may perhaps rise to USD 3,650.
On the downside, an immediate support is near the USD 3,480 level. The next major support is near the USD 3,450 level, below which the price could revisit USD 3,400.
Cardano (ADA) is showing positive signs above the USD 1.20 pivot level. An immediate resistance is near the USD 1.22 level, above which the price could
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