The price of Bitcoin is showing positive signs above $62,500 while Ethereum is facing some resistance near $3,880. Ripple is currently holding onto a 1.05 support and Binance Coin has gained 5% and approached $500.
Bitcoin has recently corrected lower below $62,000 and $61,500. However, the downsides are limited and Bitcoin is currently rising. It seems that the bulls are aiming for a break above the $63,000 resistance zone.
Most other altcoins are now trading above key supports. Ethereum could start to surge if it amanges to clear $3,880 and $3,920. Ripple is facing some resistance around $1.12 and $1.15 and cardano is stuck between $2.10 and $2.20.
Bitcoin
After a small downside correction, the price of Bitcoin has started to increase above $61,500 and has even climbed above the $62,200 resistance level. The coin is now facing resistance near $63,000, with the next major resistance being at $63,200. If the price manages to clear this, it could surge towards the $65,000 level.
If the price turns downward, there is an initial support near $62,000 and a major support at $61,200. Below this, the price could revisit the $60,000 zone.
Ethereum
The price of Ethereum has managed to clear the $2,750 resistance and is now showing positive signs above $3,800. The next key resistance is near $3,880. If the price goes above this, the bulls could test $4000.
A downside correction could see the price tumble to the $3,780 support level. The first key support is now forming at around $3,750.
Cardano
Cardano is trading in a range above $2.10. The coin seems to be facing some resistance near the $2.20 level and if there is a clear break above this, the price could accelerate higher, potentially rising towards the $2.35 level.
Ripple
Ripple is facing hurdles near $1.12. The next key resistance sits at $1.15 and a close above this could increase chances of a move above $1.20. If a downside turn occurs, the next major support sits at $1.05.
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