Bitcoin and Ethereum Gain Momentum

The price of Bitcoin maintained support above USD $29,500 and began a comeback wave above the  $30,500 resistance. It has already surpassed  $30,000 at the time of this writing and is currently aiming for further advances beyond the $31,200 resistance zone. The BTC price is climbing 5 percent every day and 6 percent per week.

Likewise, the majority of big altcoins are growing gradually. ETH was up 5% and nearing the  $1,900 barrier level. XRP may advance to the $0.40 resistance level. ADA has reclaimed  a level above the $0.60 resistance level.

Bitcoin price

After hitting a base around  $29,500, the price of bitcoin was able to initiate a recovery wave. Bitcoin even crossed the $31,000 mark. However, the bears appear to be preserving additional gains above $31,200. Near $32,000 is the next significant level of resistance, above which the price might begin a more rapid ascent.

Near the $30,500 level is an early support level on the downside. The primary weekly support remains close to the $29,500 zone, below which the price might begin a more significant slide.

Ethereum price

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The price of Ethereum was able to recover losses and surpass the $1,850 barrier level. It has gained 5 percent in a day and nearly 4 percent in a week and is approaching the $1,900 threshold. Above $1,920, the price could commence a more significant ascent. The next significant obstacle is at $2,000. Near the $1.850 level is an early support level on the downside. The next significant support is near $1,770, below which the price may tumble further.

SOL, ADA, BNB, XRP, and DOGE prices

Cardano (ADA) accelerated past the $0.58 barrier level. It increased by about 11 percent and surpassed the $0.60 resistance level. If bulls persist, the pair might possibly accelerate above the $0.62 barrier level.

Solana (SOL) is once again trading around $40 and is up about 10% on the day. Near the  $42 level, it is meeting resistance. A close above $42 could initiate a gradual rise towards $45 in the near future.

BNB is maintaining gains above $285. Near the $312 level is an instant opposition. The following significant resistance level is $ 320, above which the price may increase to the $335 resistance zone.

The XRP price continues to fluctuate near the $0.40 resistance level. Near the $0.42 level is an immediate obstacle, above which the price may ascend to the $0.45 resistance.

DOGE is increasing  in value and trading near $0.080. Near the $0.085 zone, the price may encounter resistance on any upward Movement. The next level of resistance is $0.088088.

Today’s altcoins market

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Several altcoins, including DOT, TRX, AVAX, LEO, MATIC, LTC, NEAR, LINK, UNI, ALGO, ATOM, and HBAR, are exhibiting upward trends. Meanwhile, THETA is the greatest performer among the top 100 cryptoassets by market value, with a daily gain of 13%.

Overall, the price of bitcoin is rising and testing the $31,200 resistance. In the foreseeable future, Bitcoin may rise further and challenge the USD 32,000 resistance zone.