Bitcoin and ETH Near Breakout Zone, WAVES Could Take-Off

Key Insights:

• Bitcoin (BTC) is attempting a key upside break above $39,100 and $39,150.
• Ether (ETH) is facing a major breakout zone at $2,880 and $2,900.
• WAVES surged over 10% and might continue to rise in the near term.

Bitcoin (BTC)

After forming a double bottom near $37,500, the bitcoin price started a steady recovery wave. There was a clear move above the $38,500 resistance zone.

Besides, there was a break above a connecting bearish trend line with resistance near $38,250 on the hourly chart. The price even climbed above the $38,880 level and the 21 simple moving average (H1).

However, the bears are still protecting the $39,100 and $39,150 resistance levels. A clear close above $39,150 could call for a decent increase. If not, the bitcoin price might resume a decline below $38,250.

Ethereum (ETH)

ETH also started a recovery wave above the $2,800 resistance level. There was a break above a key bearish trend line, with resistance near $2,825 on the hourly chart.

It even surpassed the $2,850 resistance zone and the 21 simple moving average (H1). However, ether is now facing major hurdle near the $2,880 zone. The next key resistance might be near the $2,915 level. A clear move above the $2,915 resistance zone could open the doors for a decent increase.

Conversely, the price might retest the $2,780 support. The main support is now near $2,715, below which the bears might gain strength.

WAVES

WAVES started a strong decline after it topped near the $63.50 level. There was a nasty drop below the $50.00 and $40.00 support levels.

It even moved below the $20.00 level and the 21-day simple moving average. Finally, there was a spike below the $15.00 level and the price tested a major support at $12.50. It is now forming a base and up over 10%.

There was a move above the $13.50 resistance. On the upside, the $15.00 level and a major bearish trend line on the daily chart are crucial for the bulls.

A close above the trend line might start a fresh increase. In the stated case, WAVES price might rise towards the $20.00 level. If there is no upside break, the price could revisit the main $12.50 support. The next key support sits at $7.80.

ADA, BNB, and DOT price

Cardano (ADA) is gaining pace above the $0.80 level. It is up 5% and seems like it could even test the $0.85 resistance.

BNB is consolidating near the $390 level. A daily close above the $400 level may perhaps open the doors for a fresh increase.

Polkadot (DOT) managed to pop above the $15.00 resistance. If the bulls remain in action, the price could test $15.50 in the near term.

A few trending coins are TRX, CVX, and CRV. Out of these, CRV is gaining pace above the $2.32 resistance level.