Bitcoin and Ether Near Crucial Breakout, CRO Could Extend Rally

Bitcoin

After a minor decline, Bitcoin price found support near the $43,600 level. It formed a base and started a fresh increase above the $44,000 level. BTC climbed above the $44,800 resistance level and the 21 simple moving average (H1).

The price even spiked above $45,000 and showed a few positive signs. The next major stop for the bulls could be $45,500. A close above the $45,500 level might start another strong increase. The next major resistance is near $46,800.

If not, there could be a downside correction below $44,500. There is a key support forming near $44,000 and a trend line on the hourly chart, below which the price might decline heavily.

Ether (ETH)

Ether also found support and started a fresh increase above the $3,200 resistance. There was a clear break above the key $3,250 resistance and a close above the 21 simple moving average (H1).

The price is now consolidating near the $3,270 resistance zone. If the bulls remain in action, the price could surge towards the $3,335 level. The next major resistance is near $3,500.

Conversely, the price might correct gains and test the $3,200 support zone. There is also a key bullish trend line with support near $3,190 on the hourly chart.

Crypto.com Coin (CRO)

CRO found a strong support near the $0.3220 level after a major decline. As a result, the price started a steady increase and climbed above the $0.3500 and $0.4000 resistance levels.

The bulls were able to push the price above the 50% Fib retracement level of the last major decline from the $0.6965 swing high to the $0.3265 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.4620 on the daily chart.

CRO is now facing a crucial resistance near the $0.5500 level. It is close to the 61.8% Fib retracement level of the last major decline from the $0.6965 swing high to $0.3265 swing low.

If there is a clear upside break above $0.5500, the price could continue to rise. The next stop for the bulls may perhaps be $0.6500 or $0.6800.

ADA, BNB, and DOT price

Cardano (ADA) made another attempt to settle above $1.20 but failed. It is now consolidating near $1.18 and might correct lower to $1.165. The next major support sits at $1.150.

Binance Coin (BNB) is struggling to settle above the $425 level. If the bears remain active, it might decline to $400. Conversely, there could be a strong increase towards the $450 level.

Polkadot (DOT) failed to clear the $22.00 level and corrected gains. It is down 4% and trading below $21.50. The next major support is $21.12, under which the price might drop to $20.80.

A few trending coins are BCH, ETC, and THETA. Out of these THETA is up over 12% and it cleared the key $3.70 resistance zone.