Bitcoin and Ethereum Anticipate New Surge, LUNC Rally Extends

The price of Bitcoin stayed constant and rose past US$19,000. Currently (04:00 UTC), BTC is targeting a breakout over the USD 19,500 barrier. If the bulls are successful, the price may gain 4% to 5%.

Similarly, the majority of big cryptocurrencies may see a consistent climb. ETH may continue to soar over $1,650 and test $1,700. XRP is close to the USD 0.35 barrier level. ADA has surpassed the USD 0.48 resistance region.

After establishing a bottom above USD 18,500, the bitcoin price began an upward correction. Bitcoin was managed to surpass USD 19,000 and USD 19,200. Currently, it is seeking to surpass the USD 19,400 and USD 19,500 resistance levels. If the price closes over US$19,500, it may advance steadily. The next significant resistance level is presently approaching USD 20,000.

Near the USD 19,000 level is an early support level on the downside. The price might continue its decline if it falls below the zone around USD 18,500.

The price of Ethereum continued to rise and eventually stabilized at $1,600. BTC is currently exhibiting bullish indicators above the USD 1,620 resistance. The next significant resistance level is at USD 1,650; over this level, the price may challenge USD 1,700. Any more increases might initiate a drive towards the $1,800 mark.

Near the USD 1,600 level is early support on the downside. The next significant support is USD 1,585, below which the market might return USD 1,550.

ADA was able to surpass the USD 0.48 resistance level. It seems as if the bulls may shortly push the price to USD 0.50. Any more gains may pave the way for a higher rise.

BNB is increasing and is now trading above the USD 280 barrier zone. It is now nearing USD 285. The next significant resistance level is $288, over which the price may reach $300.

Solana (SOL) is up more than 6% and broke over the USD 33.50 barrier level. If bulls stay active, the price may challenge the USD 35.00 resistance zone in the near future.

Also Read: Polygon (MATIC) To Increase Staff By 40 Percent During Crypto Winter