- Bitcoin remains in a positive zone above the $23,000 level.
- Ether (ETH) is eyeing more gains above $1,625.
- NEAR broke out of major resistance level and is now targeting $8.
The price of bitcoin (BTC) has recently surged past the $23,000 resistance and is now consolidating above the 21-day simple moving average (H1).
The next major resistance is near the $24,000 level. A clear move above the $24,000 zone could send the price further towards the $25,000 psychological level.
If there is a downside correction, there is support on the H1 indicator, as well as the $23,000 mark. If those fail to hold, then BTC may hurtle back to $22,000 where it previously found support.
ETH also followed a bullish path after it broke the $1,440 resistance zone. The price cleared the key $1,550 level and is now consolidating.
The price briefly surpassed the $1,600 level but was unable to maintain its rally, falling back down towards the 21-day simple moving average (H1).
An immediate support on the downside sits near the $1,400 level and a connecting bullish trend line on the hourly chart.
If ETH is able to consolidate above $1,500 until the end of the week, the bulls may attempt to push past $1,600 level again, as long as the wider crypto markets continue their rallies as well.
Should ETH fail to push past this level, then we may see a correction towards the $1,400 and even lower yet to $1,200 if there are wider market downturns.
NEAR Protocol (NEAR)
After a failed breakout above $4.60, NEAR is now seeing a pullback towards the $4 level again.
This recent price action follows a few weeks of widespread declines in the market which saw NEAR dropping to as low as $2.80 for a brief period of time.
The token then consolidated for a few weeks before shooting up and recovering some losses.
This week, it gained over 30% and surpassed a key bearish trend line with resistance near $3.20 on the daily chart.
If the bulls are able to form a new support above the $4 region, then we may see another attempt to push past $4.60 in the coming days.
If this level cannot hold, then the previous resistance at $3.20 may provide some support going forward.
If bullish price action continues in the wider crypto markets, then the next resistance level for NEAR is at $5 and $6.80 above that.
The most significant resistance above that would be the $10 level which serves as a psychological barrier due to being a round number.
ADA, BNB, and DOT price
Cardano (ADA) is now consolidating near the $0.525 level. If current price action continues, the price could test the $0.55 level in the coming days.
Binance Coin (BNB) is slowly moving higher towards the $275 resistance zone. If the bulls are able to carry the price higher, then the next resistance is at $290.
Polkadot (DOT) is consolidating above the $7.50 support. On the upside, there will likely be some resistance at $8 due to previous price action.