After testing the USD 59,800 zone, bitcoin price corrected lower. However, downsides were limited below USD 57,500. BTC started a fresh increase and it climbed back above USD 59,000. An initial resistance is near the USD 59,500 level.
The key breakout zone is now forming near the USD 59,800 and USD 60,000 levels. On the downside, the first major support is near the USD 58,150 level.
The next major support is near the USD 57,800 level, below which the price might test USD 57,200.
Ethereum price extended its upward move above the USD 1,900 and USD 1,925 levels. However, ETH failed to surpass USD 1,950. A high was formed near USD 1,945 and the price is now consolidating gains above USD 1,900.
If there are losses below USD 1,900, the price might test the USD 1,850 support. On the upside, a break above USD 1,950 might call for a test of USD 2,000.
Today new attention is drawn to cryptos like BNB, ADA. Let’s check out their performance.
Binance Coin is now trading above the USD 300 resistance. An immediate resistance is at USD 315, above which BNB might rally towards the USD 340 resistance. If there is a downside correction, the bulls might remain active near USD 282 and USD 280.
Cardano is stuck below the USD 1.200 and USD 1.220 resistance levels. A clear break above USD 1.220 is a must for a move towards USD 1.300 or even USD 1.325. On the downside, the USD 1.165 and USD 1.150 levels are important supports.
Litecoin seems to be setting up for a massive bullish break above the USD 200 resistance. If the bulls succeed, LTC might rally towards the USD 240 and USD 250 levels in the next few days. Conversely, it might drop to test USD 165.
Ripple is holding gains above the USD 0.550 support level. It is now approaching the USD 0.585 resistance. The main breakout resistance is still near USD 0.600.
