Bitcoin and Ethereum Protect Gains, NEAR and RUNE Rally
Bitcoin price remained supported above the USD 43,500 level and climbed above USD 44,500 before correcting lower again. It is currently (04:25 UTC) consolidating gains near USD 44,888 and is up almost 3% in a day.
Similarly, most major altcoins are also facing hurdles. ETH broke an important resistance near USD 3,000 again and is up almost 4%. XRP struggled to clear the USD 0.80 resistance. ADA might continue to face hurdles near USD 1.00.
Total market capitalization
After a steady increase, bitcoin price was able to settle above the USD 43,500 level. BTC extended its increase and spiked to USD 45,000, where it faced a strong selling interest. It is now consolidating gains and trading near USD 44,500. The next key support is near the USD 43,750 level, below which the price may perhaps decline to USD 43,200.
On the upside, the price is facing resistance near the USD 44,500 level. The main breakout zone is now forming near the USD 45,000 level, above which the price might accelerate.
Ethereum price extended increase above the USD 2,850 resistance. ETH even spiked above the USD 3,000 resistance zone. On the downside, an initial support is near the USD 2,900 level. The next key support is near the USD 2,850 zone.
The price must settle above the USD 3,000 resistance zone to start a stronger increase in the coming sessions.
Cardano (ADA) gained momentum above the USD 0.95 resistance level. The price even broke the USD 1.00, but there was no upside continuation. It is now consolidating near the USD 0.95 pivot level.
BNB extended rally above the USD 405 and USD 412 levels. It even spiked above USD 420, but faced sellers near USD 425. On the downside, the previous resistance near USD 400 may possibly act as a support.
Solana (SOL) is up
Read more on cryptonews.com
