Bitcoin and Ethereum Prices Could Continue to Rise
Bitcoin’s price stayed over the $18,900 mark. BTC is now aiming for a breakout of over $19,300. If BTC closes over $19,500, it might continue to rise towards $20,000.
Similarly, most major cryptocurrencies are anticipating an upward break. ETH is reaching the $1,320 resistance level, XRP is trying a new rise to $0.455, and ADA is stabilising above $0.42.
Price of Bitcoin
After a brief dip below $19,000, the bitcoin price has recovered support at $19,200. It is now encountering strong opposition at the $19,250 level. There is also a connecting negative trend line at $19,300. The next significant resistance is $19,500, over which the price may test the $20,000 zone.
Initial support is located at $18,900. The next significant support level is $18,500. It is below, and the price might fall to $18,000 if selling pressure builds.
Price of Ethereum
The price of Ethereum temporarily fell below $1,280. ETH has tested the $1,260 support level and is now consolidating higher. It is presently meeting resistance at the $1,300 mark and a connecting bearish trend line. The trend line is also close above the 50-hour simple moving average. The next major resistance is at $1,320, over which the price may test the $1,350 mark.
Immediate support is seen near $1,280. The next key support level is $1,260, below which the market may revisit the $1,200 area.
Price of ADA, BNB, SOL, DOGE, and XRP
Cardano (ADA) is now consolidated at over $0.42. If the price falls below $0.405, it may test $0.405. The next significant support level is $0.400.
BNB is gradually rising beyond the $285 mark. The first significant resistance is at $295, followed by $300. BNB might reach $350 if the surge continues over this level.
Solana (SOL) is now trading at $32. If there is a new upward move, bulls may encounter resistance at the $33.50 level. The next significant barrier level on the upside is $35.
DOGE is now trading at $0.060. Immediate resistance is above $0.0608, over which the price may reach $0.0620. The major support is located near $0.0585.
The XRP price is battling to break over the $0.45 barrier. If XRP can stabilise over $0.46, it may challenge $0.48 in the next week. The next significant resistance level is $0.50.
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