The price of bitcoin managed to move above the $21,000 level and stabilized above the pivot level of $20,500. It is trading close to $21,300 at this time, practically flat from the previous day, and up 2% from the previous week.
Similar to that, the majority of significant cryptocurrencies are progressing well. ETH started to pick up speed and even surged beyond $1,400. XRP wants to climb up to the $0.40 resistance level. ADA is regaining stability over the $0.45 resistance area.
After establishing a base of over $20,500, the price of bitcoin began to rise steadily. It is currently displaying encouraging indicators close to $21,300, but there is an impending obstacle close to $21,500. The next significant barrier may be $22,000, above which the price may start to move upward.
The price of Ethereum outperformed bitcoin with a sharp rise past the $1,250 barrier. Even ETH jumped slightly beyond $1,400 and is currently up about 4% in a day and 20% in a week. The price may test $1,500 if it rises above the next significant resistance at $1,480.
The price could find support near $1,350 on the downside. Near $1,320 is the next significant support, below which the price may move to the $1,250 support region.
Cardano (ADA) was able to overcome the $0.45 resistance to close above it. It now encounters resistance close to the $0.48 mark. A definite upward break above the $0.48 resistance could lead to a greater gain.
BNB was able to rise above the $250 resistance zone and get rid of the $245 obstacle. The following strong resistance is at the $265 level.
Along with many other cryptocurrencies, DOT, MATIC, AVAX, LEO, UNI, LTC, FTT, NEAR, ATOM, BCH, ICP, and APE are also rising in value. Out of them, MATIC increased by 8% and challenged the $0.80 mark, outperforming the other top 25 cryptoassets ranked by market size.
It has also increased by 40% in the past week. ETC, on the other hand, has outperformed the other top 100 currencies today, rising more than $21 and increasing by 17% in a single day and 42% in a week.