Table of Contents
Bitcoin
After a short-term downside correction, Bitcoin price found support near the $42,800 level. A support base was formed and the price started a fresh increase above the $43,500 level and the 21 simple moving average (H1).
It even spiked above the $44,000 level, but the bears protected the $44,450 resistance zone. It is now consolidating above $43,500 and the 21 simple moving average (H1). There is also a key bullish trend line with support near $43,600 on the hourly chart.
A downside break below the trend line might call for a move towards the $42,180 level. The next major support sits at $40,500. Conversely, it could rally above $44,450 and $45,000.
Ether (ETH)
Ether also completed a downside correction near the $3,035 support zone. It remained well-bid above the $3,000 level and started afresh increase.
There was a clear move above the $3,100 resistance and the 21 simple moving average (H1). It is now struggling to clear the $3,190 resistance zone. A proper move above $3,190 and $3,200 could push the price further higher.
On the downside, there is strong support forming near $3,100 and a key bullish trend line on the hourly chart.
BNB
BNB found support near the $335 level after a strong decline. A base was formed near $350 and the price started a recovery wave. The price was able to climb above the $365 and $380 resistance levels.
There was a move above the 50% Fib retracement level of the downward move from the $505 swing high to the $335 low. It even settled above the $400 level and the 21-day simple moving average.
However, the price is now facing resistance near the $460 level. It is near the 61.8% Fib retracement level of the downward move from the $505 swing high to $335 low. The next major resistance is near the $460 level.
There is also a crucial bearish trend line with resistance near $460 on the daily chart. A clear move above the trend line resistance could lead the price towards the $500 zone. The next key resistance is near $550.
If there is no upside break, the price could start afresh decline below the $400 level. The next major support is near $365.
ADA And DOT Price
Cardano (ADA) found support near the $1.135 zone and started another increase. It broke $1.18 and $1.20. Any more upsides might open the doors for a move towards the $1.25 resistance.
Polkadot (DOT) is slowly moving higher towards the $22.00 resistance. The next key resistance is near $22.20. A successful break above the $22.20 level might pump the price towards the $24.50 level.
A few trending coins are LEO, ETC, and XTZ. Out of these LEO surged To $8.00 before there was a downside correction.