Bitcoin Hovering Around $24K, Ethereum Breaks $1,700
The price of Bitcoin held firm above the USD 22,500 mark and began to climb again, clearing the USD 23,500 barrier. It even surpassed US$24,000 and is presently trading at US$23,916, a 4.3 percent increase in the previous 24 hours. Similarly, the majority of prominent cryptocurrencies are exhibiting signals of increased upsides. ETH even surpassed USD 1,750 in value. XRP is approaching the USD 0.3705 barrier zone with gains. ADA may try to go near the USD 0.55 resistance level.
After a brief drop to the negative, the price of Bitcoin recovered support and held firm above $22,500. A new foundation was established, and the price began to rise past USD 23,000. The immediate barrier is now USD 24,000. The next significant level of resistance might be USD 24,250, over which the price could reach a new monthly high.
Near the USD 23,500 level is an early support level on the downside. The next significant support is in the vicinity of USD 23,200, below which the market may return USD 22,500.
With a robust advance over the USD 1,680 resistance zone, the Ethereum price outpaced bitcoin. There was a rise over the USD 1,700 barrier zone as ETH rose about 5 percent and broke above the USD 1,700 resistance zone. The price increased to $1,780 before encountering sellers. It is currently correcting downward and is hovering near USD 1,700. ETH has also gained around 5.60 percent in the last week. Near the USD 1,700 level is an early support level on the downside. The next significant support is at the zone of USD 1,670, below which the price might fall to USD 1,620.
On the upside, the price may encounter resistance at $1,750. The next significant resistance level is at USD 1,780, over which the price might increase to USD 1,850. Cardano (ADA) stayed constant in the vicinity of USD 0.50. It is growing and trading at USD 0.5289 now. The next significant obstacle on the upward is at USD 0.55.
BNB began climbing over the USD 265 resistance level again. It even surpassed USD 275 and approached USD 280. If there are more gains, the price may perhaps test the USD 288 resistance. Solana (SOL) increased 8.60% and overcame the USD 42 resistance level. The price is now seeking to go over USD 43.50. If the bulls are successful, the price may increase to USD 45.
DOGE increased further and challenged the USD 0.0700 resistance level. If the price closes higher than the USD 0.0700 barrier, it might soar to USD 0.0750. The price of XRP is trading well above the USD 0.35 level of support. The price is rising near the USD 0.388 level. The next significant resistance level is at USD 0.40.
Numerous cryptocurrencies, including DOT, MATIC, AVAX, UNI, ETC, LTC, FTT, CRO, LINK, NEAR, ATOM, and BCH, are gaining traction. ETC climbed about 29.40 percent and crossed the USD 42.78 barrier, bringing its weekly gains to 63.30 percent. ETC is the best performance among the top 100 cryptoassets by market capitalization today, and the second-highest performer over the last week (BTG jumped 61 percent). Overall, the price of bitcoin is gaining momentum over USD 23,500. If the Bitcoin price closes over USD 24,000, it may surge to USD 25,000.