Bitcoin and Ethereum Price Consolidates, LUNC and LUNA Recover


  • The price of Bitcoin is gaining ground above the resistance at $19,500.
  • Ethereum Breaks Above $1,350, XRP Corrects Its Gains.
  • LUNC rallied over 50% and LUNA gained almost 25%.

Bitcoin price started a steady rise above the $19,500 resistance. BTC is currently (03:10 UTC) showing bullish signs above $19,500. If the bulls remain ongoing, the price may climb towards the $20,500 level.

Likewise, most of altcoins adults are preparing for a satisfactory increase. ETH is showing positive signs above the $1,350 resistance. XRP is correcting its gains and might revisit the $0.45 support. ADA is attempting an interesting rise above $0.45.

The price of bitcoin

After forming a base above the $19,000 area, Bitcoin price was able to gain strength. It has clearly broken above the $19,250 resistance zone and the 50 hourly simple moving average. The price broke through the short-term contraction triangle at $19,250 on the hourly chart. It is now trading well above the $19,500 resistance. On the upside, the price is facing resistance near the $20,000 level. The next major resistance is near $20,500, above which the price could reach $20,850. Any further rise could send the price towards $21,200.

To the decrease, an initial support is found near the $19,500 level. The next major support is near the $19,150 area, below which the price may struggle to stay above $19,000.

The price of Ethereum

The price ofEthereum also followed a similar pattern after successfully breaching the $1,335 resistance zone. There was a clear cross above a major downtrend line at $1,335 on the hourly chart and the price settled above the 50 hourly simple moving average. ETH is now up and facing resistance near the $1,380 level. The next major resistance is near the $1,410 level, above which the price could hit the $1,450 resistance.

On the downside, a first support can be found near the level of $1,345. The next major support is $1,300, below which the price could reach $1,250.

The prices of ADA, BNB, SOL, DOGE and XRP

Cardano (ADA) was able to hold above the $0.435 level. It rallied and climbed above the $0.45 resistance. The price is now targeting a gain above $0.465.

BNB is up over 3% and there was a clear move above the $285 resistance. If the bulls stay in action near $288, the price could rise towards the $295 level.

Solana (SOL) is up 7% and broke above the $33.50 level. The next major upside resistance lies at $35, above which the price may surge.

DOGE is rising and trading above the $0.0620 level. A looming resistance lies near the $0.0632 level, above which it might rise towards the $0.065 level.

The price of XRP started a downward correction below the $0.50 and $0.48 levels. It is now stabilizing near $0.465. Any further decline could send it towards $0.45.

The current situation of other altcoins in the market

Many altcoins are on the rise, including LUNC, LUNA, UNI, GMT, LEO, KSM, BSV, MIOTA, SOL, LDO, ZEC, DOT and MKR. Of these stocks, LUNC is up more than 50% and is showing signs of further upside.

Overall, Bitcoin price is gaining ground above the $19,500 resistance zone. It seems that the BTC could break through the $20,000 resistance zone soon.

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