Bitcoin and Ether Bulls Keep Pushing, AVAX Reaches Crucial Breakout

Bitcoin

After a downside correction, Bitcoin price found support near $41,550 and started a fresh increase. There was a clear break above a key range resistance at $42,800.

There was also a break above a major bearish trend line at $42,700 on the hourly chart. The price settled above the $43,500 level and the 21 simple moving average (H1). It even surpassed the $44,000 level and might rise further to $45,000.

The next major stop for the bulls could be $45,550. If there is another downside correction, the price might find support near the $43,800 level. The next major support sits at $42,500 and the 21 simple moving average (H1), below which there is a risk of a drop to $42,000.

Ether (ETH)

Ether also followed a similar pattern and started a fresh increase above the $2,900 level. The price settled above the $3,000 level and the 21 simple moving average (H1).

The price is now consolidating near the $3,120 zone. If the bulls remain in action, the price could surge towards the $3,270 resistance zone. Conversely, the price might correct gains and test the $3,020 support zone.

The main support is near the $3,000 level and the 21 simple moving average (H1). A downside break below the $3,000 support could push the price further lower below $2,950.

Avalanche (AVAX)

AVAX found support above the $50.00 zone. A low was formed near $54.50 and the price started a fresh increase. There was a steady wave above the $60.00 and $62.00 resistance levels.

There was a close above the $75.00 level and the 21-day simple moving average. The price climbed above the 50% Fib retracement level of the last major decline from the $128.00 swing high to $54.50 swing low.

The price is now approaching the $90.00 resistance zone. It is near the 61.8% Fib retracement level of the last major decline from the $128.00 swing high to $54.50 swing low.

There is also a key bearish trend line with resistance near $90.00 on the daily chart. If there is a clear upside break, AVAX price could surge above $100.00 and $110.00. If not, the price might correct gains and test the $75.00 support.

ADA, BNB, and DOT price

Cardano (ADA) is up 5% and there was a move above the $1.10 level. The bulls are now attempting a break above the $1.12 resistance, above which it could test $1.15.

Binance Coin (BNB) rallied over 7% and broke the $425 resistance. The next major resistance is near the $442 level. If the bulls remain in control, the price could even surge above $450.

Polkadot (DOT) gained 6% and broke the $19.00 level. The next key hurdle is near the $20.00 level, where the bears might take a stand.

A few trending coins are LUNA, MATIC, and NEAR. Out of these NEAR is attempting an upside break above the $11.25 level.