Bitcoin, ETH Price Prediction: Support Turned Resistance, BNB Bulls Aim $335

Key Insights:

• Bitcoin is attempting a recovery and facing hurdles near $23,450.
• Ether is facing resistance near $1,680.
• BNB could aim a larger increase towards the $335 resistance on the daily chart.

Bitcoin

Yesterday, bitcoin price saw a bearish reaction below the $23,450 support zone. The price declined below the $23,200 support zone and the 21 simple moving average (H1).

Finally, the bulls took a stand near the $22,650 level. A base was formed and the price started a recovery wave above the $23,000 level. Bitcoin cleared a connecting bearish trend line with resistance near $23,150 on the hourly chart.

On the upside, the price is facing a major hurdle near the $23,450 level. A clear move above the $23,450 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $22,000 support.

Ethereum (ETH)

ETH also followed a similar pattern after it declined below the $1,680 support. There was a clear move below the $1,600 support zone.

Besides, the bears pushed the price towards the $1,565 support zone. The bulls took a stand and the price started a recovery wave above the 21 simple moving average (H1). Ether price climbed above a key bearish trend line with resistance near $1,656 on the hourly chart.

The bulls are now facing resistance at $1,680. The next major resistance is near the $1,700 level. A clear upside break above the $1,680 level and $1,700 could stage a strong increase.

BNB

BNB started a recovery wave above the $220 and $225 resistance levels. There was a steady increase above the $250 and $255 resistance levels.

The price climbed above the 50% Fib retracement level of the main drop from the $335 swing high to $190 base. The bulls pushed the price above the $280 level and the 21-day simple moving average. Besides, the price cleared a major bearish trend line on the daily chart at $265.

It is now facing resistance near the $295 and $300 levels. A clear upside break above the $300 barrier could send the price further higher towards $335. If not, there might be a downside correction below the $285 level. The main support sits near the $250 level and 21-day simple moving average, below which the price might gain bearish momentum.

ADA and DOT price

Cardano (ADA) is consolidating above the $0.50 pivot level. If there is an upward move, the price might struggle near the $0.525 level.

Polkadot (DOT) is consolidating near the $8.20 level. An immediate resistance is near the $8.35 level, above which the price may perhaps rise towards the $8.50 level.

A few trending coins are UNI, ETC, and APE. Out of these, ETC is gaining pace and might attempt a move above the $40 resistance.