Bitcoin price rallied after a close above the $20,000 pivot level. BTC broke the $20,500 resistance zone. This cleared the way for a move above $20,800. The closest resistance is near the $21,200 level. The next major resistance might be $21,500, above which the price could gain bullish momentum. An initial support on the downside is near the $20,500 level. The next major support is near the $20,200 area, below which the price could revisit $20,000.
Ethereum price outperformed Bitcoin and gained momentum above the $1,150 resistance. ETH is up 13% and it settled above the $1,200 level. The next major resistance is at $1,250, above which the price might aim to test $1,320. On the downside, the price might find support near $1,180. The next major support is near $1,150, below which the price could see the $1,120 support area.
Many altcoins are rising, including DOT, TRX, SHIB, MATIC, AVAX, UNI, LTC, FTT, NEAR, ATOM, XMR, ALGO and XTZ. Apart from these, MATIC is up about 13% and has risen towards the $0.70 level.
Cardano (ADA) is showing positive signs above the $0.42 support zone. ADA is currently approaching the $0.45 resistance. A close above the $0.45 resistance could start a steady increase. BNB is gaining momentum above the $235 resistance. The price is currently approaching the $242 resistance, above which it could rise towards the $250 resistance zone. Solana (SOL) is up more than 12% and settled above the $35 resistance level. The next major hurdle is near $38.80, above which it could test the key hurdle around $40. Any further gains could lead to a test of $42.
DOGE is rising steadily above the $0.062 support level. It is trading above the $0.0632 level and it could soon test the $0.065 resistance area. XRP price is rising towards the $0.35 resistance zone. The price could rise further if there is a clear move above $0.35. In this case, the price could rally towards $0.40.