Bitcoin and Ethereum Signal Bullish Continuation with altcoins railing behind

Jamal Molla
Written By Jamal Molla
Jamal is an English teacher and freelance writer with a passion for NFTs, metaverse, crypto and technology.

Like other Altcoins, Bitcoin and Ethereum signal bullish continuation and show positive upward movement. The bitcoin price performed excellently, staying above the $24,200 support level. Remarkably, Bitcoin climbed above the $25,500 resistance level before testing the $25,000 level. Currently, the price is consolidating and looking for more upside movement.

Furthermore, most altcoins also showed promising signs as they climbed up. For instance, ETH exceeded the $2,000 level before entering a consolidation phase. However, XRP may try to break the $0.388 level before facing resistance at its $0.60 price level. In addition, the biggest movers, AVAX nears a 2-month high, FIL up 15% despite weekend volatility.

Let’s look at how the top crypto assets performed during the week.

Bitcoin

After a bullish move, the bitcoin price got above the $24,200 level before extending to the $24,500 resistance zone. Eventually, it tested the $25,000 resistance zone and dropped. From all indications, the price is looking to ride above the $25,200 level, which may test the $25,850 resistance level. Once it gets to this resistance level, the next hurdle is the $26,000 mark.

On the other hand, a bearish move will see the price meets the $24,650 support level. If the level doesn’t hold, the next support is at the $24,500 price level, which can result in further downward movement.

Ethereum

Like Bitcoin and Ethereum also saw an upward move as its price paced above the $1950 price. It broke the $2,000 resistance level with signs of reaching a more positive zone. However, the next resistance level is within the $2,040 price level before another critical resistance point at $2,080. It must test the $2,120 resistance zone to see if it can hold within this area.

Nevertheless, it has a support level at $1,950, which, if it doesn’t hold, will have to test the key support level at $1,920. A further drop below this level will see Ethereum’s price decline sharply.

XRP, SOL, DOGE, BNB, and ADA Price

Ripple (XRP) attempted to surpass the $0.388 resistance level but couldn’t as it is currently consolidating, indicating that it will reach the $0.40 price level. Solana (SOL) also stayed above its $45.50 resistance level but is struggling to surpass the $48 resistance zone. Peradventure, the bulls gathered the strength needed; it could rise above the $50 price mark.

The famous Dogecoin also saw an increase of 8% with a clear move above its $0.08 resistance level. The price is near the $0.0820 level, anticipating that it might break above the $0.0850 resistance point.

The Binance coin is stuck around the $325 level with resistance within this area. If the next move rises above the $332 resistance level, the price might increase steadily. However, Cardano (ADA) moved past its $0.55 resistance level, consolidating around the $0.575 level. A downward correction might trigger the price to the $0.555 level.

In addition, a few altcoins also showed promising signs. These altcoins include GMT, HOT, WAVES, GALA, MANA, SAND, LEO, and SHIB. Among these, SHIB saw a price increase of over 30%, breaking its resistance point at $0.0000165

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