Bitcoin and Ethereum Rally Hits Resistance, LUNA and SHIB Jump
Yesterday, bitcoin price rallied above the USD 42,500 resistance level and even spiked above USD 44,000 before correcting lower. It is currently (04:27 UTC) consolidating gains above USD 43,750.
Similarly, most major altcoins extended gains and tested resistance. ETH surged above USD 3,320 and tested USD 3,400. XRP increased too but faced resistance near USD 0.80. ADA rallied above USD 1.30 and even tested USD 1.35 before correcting lower.
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After a clear move above USD 42,500, bitcoin price started a stronger increase. BTC surged above the USD 43,200 resistance and even tested the USD 44,500 zone. It is now consolidating gains, with an initial support near the USD 43,200 level. The next key support is near USD 43,000, below which the price might revisit USD 42,500.
An immediate resistance is near the USD 44,000 level. The next major resistance is near USD 44,500, above which the price might start a move towards the USD 45,500 level.
Ethereum price gained pace after it broke the key USD 3,250 resistance zone. ETH rallied above the USD 3,320 and USD 3,350 resistance levels. It tested USD 3,400 before correcting lower. An initial support is near the USD 3,300 level. The next major support is near USD 3,250, below which the price might test USD 3,150.
On the upside, the price is facing resistance near USD 3,380. The next key hurdle is near USD 3,400, above which the price might rise to USD 3,450.
Cardano (ADA) rallied above the USD 1.28 and USD 1.30 resistance levels. It even tested USD 1.35 and is currently consolidating gains. The main support is near USD 1.30, below which there is a risk of a drop to USD 1.25.
Binance coin (BNB) extended gains above the USD 480 level. The next key resistance is near USD
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