After forming a base above $38,000, bitcoin price started a fresh increase. There was a strong move above the $40,000 resistance zone and the 21 simple moving average (H1).
The price even spiked above the $42,000 level and the price is now showing positive signs. An immediate resistance is near the $43,150 level. The next major resistance is near the $45,000 level, above which the price could rise to $46,500.
If there is a downside correction, the price could test the $43,400 level and a connecting bullish trend line. The main support is now forming near the $40,850 level.
Ether also followed a bullish path and broke the $3,000 resistance. There was also a close above the $3,020 level and the 21 simple moving average (H1).
It is now facing resistance near the $3,100 zone. If the bulls remain in action, the price could surge above $3,100 and $3,125. The next key resistance is near the $3,250 level. Any more gains may perhaps call for a test of $3,400.
If not, there might be a downside correction towards the $3,060 level and a connecting bullish trend line. The key support is now forming near the $2,950 level.
XRP started a fresh increase after it formed a base above the $0.5540 level. The price gained pace above the $0.600 and $0.620 resistance levels. Besides, there was a clear break above a major bearish trend line at $0.730 on the daily chart.
The bulls even pushed the price above $0.7500 and the 38.2% Fib retracement level of the key decline from the $1.100 swing high to $0.5548 low.
It is now consolidating above the $0.7500 level and the 21-day simple moving average. An immediate resistance sits near the $0.7900 level. It is near the 50% Fib retracement level of the key decline from the $1.100 swing high to $0.5548 low.
A successful break above the $0.8000 resistance zone could open the doors for a larger increase. In the stated case, the price could rise to $1.00.
ADA, BNB, and DOT price
Cardano (ADA) gained 6% and there was a clear move above the $1.18 resistance level. The price even surpassed $1.20, and it could rise further towards $1.22. On the downside, there is a major support forming near $1.18.
Binance Coin (BNB) gained pace above the USD 420 level. It is now consolidating below USD 440. If there is an upside break above USD 440, the price may perhaps rally towards the USD 465 level.
Polkadot (DOT) is slowly moving higher and trading above $22.00. On the upside, the bears might remain active near $22.35. If they fail, the price could rise towards the $24.00 level.