Bitcoin Price and Ethereum Gain Strength, LUNC and LUNA Rally
Bitcoin price is gathering momentum above the $19,500 resistance.
Ethereum tops $1,350, XRP corrects gains.
LUNC is up more than 50% and LUNA is up almost 25%.
The price of Bitcoin started to steadily rise above the $19,500 resistance. BTC is currently (03:10 UTC) showing a bullish sign above $19,500. If the bulls remain in action, the price could climb up to the $20,500 level.
Similarly, most of the major altcoins are expecting a decent increase. ETH is showing positive signs above the $1,350 resistance. XRP corrects gains and may return to $0.45 support. ADA is attempting a decent rally above $0.45.
After establishing a base above the $19,000 zone, Bitcoin price was able to gain strength. There was a clear move above the $19,250 resistance zone and the 50-hour simple moving average. The price cleared the short-term contracting triangle at $19,250 on the hourly chart. It is now trading well above the $19,500 resistance. On the upside, the price faces resistance near the $20,000 level. Another major resistance is near $20,500, above which the price could rise to $20,850. Any further gains could send the price to $21,200.
On the upside, initial support is near the $19,500 level. Another major support is near the $19,150 zone, below which the price could try to hold above $19,000.
The price of ethereum
Ethereum price also followed a similar pattern after it managed to clear the $1,335 resistance zone. On the hourly chart, there was a clear move above the major bearish trend line at $1,335 and the price settled above the 50-hour simple moving average. ETH is now rising and facing resistance near the $1,380 level. Another major resistance is near the $1,410 level, above which the price could visit the $1,450 resistance.
On the upside, initial support is near the $1,345 level. Another major support is $1,300, below which the price could test $1,250.
Price of ADA, BNB, SOL, DOGE and XRP
Cardano (ADA) managed to hold above the $0.435 level. It recovered and climbed above the $0.45 resistance. The price is now heading above $0.465.
BNB is up over 3% and there is a clear move above the $285 resistance. If the bulls remain in action near $288, the price could rise towards the $295 level.
Solana (SOL) rose 7% to move above the $33.50 level. Another major resistance on the upside is at $35, above which the price could rise.
DOGE is moving higher and trading above the $0.0620 level. Immediate resistance is near the $0.0632 level, above which it could rise to the $0.065 level.
XRP price started a downward correction below the $0.50 and $0.48 levels. It is now consolidating near $0.465. Any further downside could send it to $0.45.
Today’s market with other altcoins
Many altcoins are rising, including LUNC, LUNA, UNI, GMT, LEO, KSM, BSV, MIOTA, SOL, LDO, ZEC, DOT, and MKR. Of this, LUNC is up over 50% and shows signs of further growth.
Overall, Bitcoin price is gaining momentum above the $19,500 resistance zone. It looks like BTC could clear the $20,000 resistance zone soon.
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