- Bitcoin price accelerated after breaking through the resistance at $39,200.
- Ethereum climbed above $2,900, XRP gained almost 6%.
- ADA jumped 13% while several altcoins also rose by double digits.
Bitcoin price was able to break through the $39,200 resistance level and even tested the $40,000 resistance. It is currently (04:08 UTC) consolidating its gains above USD 39,700 and could test USD 40,000 again. BTC is up more than 4% in one day and 1% in one week.
Likewise, most major altcoins are also gaining momentum. ETH broke through the resistance levels of $2,900 and $2,920. XRP broke through the key resistance zone of $0.65 while ADA moved above $0.85.
Total market capitalization
After another rejection close to $37,500, bitcoin price launched a wave of recovery. BTC was able to break through the resistance levels of $38,800 and $39,200 and test the resistance of $40,000. It is now consolidating its gains and may attempt further rises above USD 40,000. The key resistance is still near the $40,350 level, above which the price could rise to $41,200.
On the downside, an initial support is near USD 39,500. The next major support is near $39,200, below which the price could test $38,800.
Ether price also accelerated above the $2,850 resistance level and broke above the $2,920 resistance level. ETH jumped 5% in one day and almost 2% in one week. It is now consolidating near the $2,950 level and might attempt to approach the $3,000 resistance.
On the downside, immediate support is near the $2,900 level. The next major support is near the $2,850 level, below which the price may resume its decline.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) started a strong push above the $0.85 resistance. It gained 13% and even tested the resistance at $0.90. A close above $0.90 could perhaps open the doors for a steady rise towards the $0.95 resistance. ADA is also up 5% in a week.
BNB gained nearly 5% and there was a move above the $400 resistance. The price is now consolidating its gains and could rise above USD 405 again. The next major resistance is near the $412 level.
Solana (SOL) rallied 9%, broke above the $92 resistance and tested the $95 resistance zone. If the bulls stay in action, the price could eventually rally towards the $100 resistance zone.
DOGE steadily climbed above the $0.135 resistance zone. It even tested the resistance of $0.138. If there are further gains, the price might rise towards the resistance at $0.140.
XRP Price also gained momentum and managed to break above the key resistance at $0.65 and is now up almost 6% in one day. The next key upside resistance is near the $0.665 level, above which the price may revisit $0.68.
Market of other altcoins today
Many altcoins rose more than 5%, including LUNA, AVAX, DOT, MATIC, TRX, LTC, NEAR, UNI, APE, XLM, VET, MANA, and THETA. Meanwhile, TRX, WAVES, and ZIL are the top three performers among the top 100 cryptoassets by market capitalization today, as they jumped 24%-34% in one day.
Overall, bitcoin price tested the resistance at $40,000. To continue higher, BTC needs to settle above the $40,000 resistance. If not, he could cut his gains and head towards $38,800.