Bitcoin and ETH Surge, Why DOT Could Aim $30

Key Insights:

• Bitcoin started a fresh increase above the $45,400 resistance.
• Ether (ETH) surged above $3,200 and $3,300.
• DOT is attempting a key upside break above $23.00 and $23.20.

Bitcoin

Recently, bitcoin price saw a major increase above the $45,400 resistance zone. It cleared the $46,000 level and the 21 simple moving average (H1) to move into a positive zone.

The upward move gained pace above $46,500 and $46,800. The price even spiked above $47,500 and currently consolidating gains. On the downside, an initial support is near $47,300 and a connecting bullish trend line on the hourly chart.

The next major support is near the $46,750 level, where the bulls might take a stand. On the upside, the price is now facing a strong resistance near the $47,800 zone. A clear move above the $47,800 level might push the price towards the $48,500 level. The next major resistance might be $49,250.

Ethereum (ETH)

ETH also followed a similar pattern and gained pace above the $3,200 level. There was a close above the $3,300 level and 21 simple moving average (H1).

It even traded above $3,350 and currently consolidating gains. On the downside, the price might find bids near the $3,340 level and a connecting bullish trend line on the hourly chart. The next major support is near the $3,300, below which the price could slide to $3,200.

On the upside, the $3,400 level presents a major hurdle. The next major resistance is near the $3,420 level. A successful close above the $3,420 level might start another increase. In the stated case, the price might rise towards the $3,500 level.

Polkadot (DOT)

DOT formed a base above the $15.50 and $16.00 support levels. As a result, the price started a steady upward move above the $17.20 resistance zone.

There was a clear move above the $17.50 resistance and a key bearish trend line on the daily chart. It is now trading well above the $20.00 level and the 21-day simple moving average. Besides, it is trading near the 50% Fib retracement level of the key decline from the $33.00 swing high to $14.00 low.

If there is a close above the $23.00 resistance, the price could start a major increase. In the stated case, DOT price may perhaps clear the $25.00 resistance. The next stop might be near the $30.00 level.

ADA and BNB price

Cardano (ADA) surged above the $1.15 and $1.20 resistance levels. It is up 10% and might continue to rise towards the $1.245 level.

Binance Coin (BNB) is up 5% and there was a move above the $435 level. The next major resistance is near the $450 level, above which the bulls could aim a move towards $465.

A few trending coins are SOL, AVAX, and DOGE. Out of these, SOL is up 10% and gaining pace above the $110 level.