Bitcoin and Ether See Crucial “Liftoff”, SOL Bulls Aim Big
After a minor downside correction, Bitcoin price found support near the $43,450 level. BTC started a fresh increase above the $44,000 resistance level and settled above the 21 simple moving average (H1).
Earlier, there was a break above a connecting bearish trend line with resistance near $44,000 on the hourly chart. The next key resistance is near the $44,400 level.
A clear break above $44,400 might start another increase. If not, the price could start a downside correction towards the $43,450 level in the near term.
Ether also started a major increase from the $3,200 support zone. The price remained stable above the $3,300 level and the 21 simple moving average (H1).
The price spiked above the $3,400 level and seems like the price is struggling to continue higher. A clear move above the $3,420 level could set the pace for a larger increase. The next key barrier is $3,485, above which the price could revisit the main $4,550 resistance.
If there is a downside correction, the price might find bids near the $3,360 level. There is also a key bullish trend line with support near $3,360, below which there is a risk of a sharp decline.
SOL declined steadily from well above the $180 level. The price declined below the $165 and $150 support levels. However, it found support near the $130 zone.
Recently, SOL formed a base above the $130 level and started a fresh increase. There was a break above a major bearish trend line with resistance near $155 on the 4-hours chart. Besides, the bulls pushed the price above the 50% Fib retracement level of the downward move from the $180 swing high to $130 swing low.
The price is now reaching near the $160 resistance zone. The 61.8% Fib retracement level of the downward move from the $180 swing high to $130 swing low is also near the $160 zone. The next major resistance is near $165, above which the bulls might aim a test of $180 or even $200.
ADA, BNB, and DOT price
Cardano (ADA) spiked above the $1.34 and $1.35 levels before there was a minor decline. It is now trading near the $1.30 level. If there is a downside break below $1.30, the price could dive towards the $1.26 level.
Binance Coin (BNB) gained pace above the $480 level. The bulls are now aiming a test of the $500 barrier. If they fail, the price could decline towards the $460 level.
Polkadot (DOT) settled above the $26.50 pivot zone. There was a move above $27.00. If the bulls remain in action, the price might rise towards the $28.50 level.