Bitcoin price rallied but remained above the $22,500 support before rebounding above the $23,000 level. It fell 3% in a week. Most of the major altcoins are attempting a new rise. ETH could gain bullish momentum if there is a clear move above $1,680. XRP could rally towards $0.388. ADA is holding steady above the $0.50 pivot zone.
Bitcoin price started a fresh increase after testing the $22,500 support. BTC climbed above the $23,000 resistance level and it is showing positive signs. The closest resistance on the upside is near the $23,380 level. The main resistance is still near the $23,500 level. A clear move above the $23,500 resistance zone could start a stronger increase. On the downside, the closest support is at $23,000. The next major support is near the $22,500 area, below which the price could decline in the coming sessions.
Ethereum price also reacted to the downside below the $1,600 level. However, ETH remained above the $1,650 support. The price is currently rising and trading around $1,660. ETH is up about 1% in one day and down 4% in a week. The next key resistance is near the $1,680 level, above which the price could gain bullish momentum. In this case, the price could rise to $1,750. An initial support on the downside is near the $1,600 level. The next major support is near the $1,550 zone, below which the price could continue to decline.
FLOW Investors Delighted
Many altcoins are rising steadily, including DOT, MATIC, UNI, LTC, ATOM, FLOW, ALGO, VET, MANA, XTZ, AAVE and EGLD. Apart from these, FLOW increased 35% on Meta and Instagram news and surpassed the $2.50 level, showing the best performance among the top 100 coins by market capitalization today. FLOW increased 36% in one week.
Solana (SOL) is consolidating near the $40 support. If there is a close above the $40 and $40.50 levels, the price could rise steadily in the short term. Cardano (ADA) remained stable above the $0.50 support level. If there is a fresh increase, the price could rise and test the $0.52 resistance. The main resistance is around $0.55. DOGE is gaining momentum and it is trading near the $0.0680 resistance area. The main resistance on the upside is near $0.070, above which the price could rise. XRP price is struggling to make a move towards the $0.388 resistance. The next major resistance is around $0.400, above which XRP could start a stronger rise. BNB is up more than 2% and it made a clear move above the $305 resistance. The price even climbed above $312 and it could continue to rise towards the $320 level.