The leading cryptocurrency Bitcoin (BTC), which has gained an upward momentum in recent days, has approached the price levels of $ 42,000 with its recent value increases. Most altcoins in the cryptocurrency market have turned their direction up again with these value increases in Bitcoin. With this bullish momentum, Ethereum (ETH) surpassed the $3,100 price levels earlier in the day. The total market capitalization of cryptocurrencies has exceeded $2 trillion.
Bitcoin surpassed the $41,200 resistance zone
The price of Bitcoin, the leader of the crypto market, started a fresh increase after a close above $40,000. Bitcoin (BTC) has surpassed the $41,200 resistance zone. The bulls pushed the price above the $41,500 resistance. The price is currently consolidating gains near the $41,400 level. The closest resistance is near the $41,750 level. The next key resistance could be near $41,500, above which the price could rise towards $43,500. An initial support is near the $41,000 level. The next major support is near $40,500, below which the price could revisit $40,000.
Ethereum (ETH) surpasses the $3,080 resistance zone
Ethereum price, the most valuable altcoin, also settled above the $3,000 level. ETH surpassed the $3,080 resistance area and tested the $3,120 resistance where the bears appeared. ETH increased by about 2% in one day and one week. It is currently consolidating and it could make a move above $3,120. The next key resistance could be near the $3,220 level. If there is a downside correction, the price might find support near $3,050. The next major support is near the $3,000 level, below which the price could struggle.
Cardano (ADA) is stuck near the $0.95 level.
XRP price is still trading near the $0.765 level. The closest resistance is near the $0.780 level. The main resistance is still near the $0.80 level. A close above $0.80 could pave the way for a bigger increase. Cardano (ADA) is stuck near the $0.95 level. The first key resistance is near the $0.98 level. The main resistance is around the 1.0 dollar level, above which the price could rise steadily.
Solana (SOL) is up 7% and it made a move above the $105 resistance. The main resistance is still near the $110 level, above which the bulls might gain strength. BNB is showing positive signs near the $420 level. The nearest resistance is near the $425 level. Any further gains could push the price towards the $432 level.
Many altcoins were up more than 5%, including LUNA, APE, MANA, EGLD, SAND, RUNE, EOS, SNX, AAVE, GMT, KSM, ENJ, and CRV. Apart from these, the best performers today were SNX and APE. SNX is up 21%, surpassing $6, bringing its weekly earnings to 23%. APE is up 31% to break the $16 level, pushing weekly gains to 41%.