- Bitcoin cost is wanting an upside correction above USD 21,500.
- Ethereum is facing resistance near USD 1,650, XRP is consolidating near USD .34.
- EOS and CHZ rallied nearly 20%.
Bitcoin cost began a consolidation phase following a strong decline to USD 21,000. BTC is presently (04:00 UTC) buying and selling above USD 21,200 and facing many hurdles. The cost must obvious USD 21,650 to begin a recovery wave.
Similarly, most major altcoins try a recovery. ETH is buying and selling above USD 1,600 and faces hurdles near USD 1,650. XRP is consolidating over the USD .335 support zone. ADA is facing resistance near USD .475 and USD .480.
Total market capital
Bitcoin cost
Following a major decline, the bitcoin cost found support close to the USD 21,000 zone. BTC began a consolidation phase over the USD 21,000 level. It rose over the USD 21,200 and faced resistance close to the USD 21,550 level. The following resistance is close to the USD 21,650 level, above that the cost might rise and try out the USD 22,000 resistance zone. Anymore gains could send it to USD 22,500.
Around the downside, immediate support is close to the USD 21,000 level. The following major support is close to the USD 20,500 zone, below that the cost could test USD 20,000.
Ethereum cost
Ethereum cost also declined heavily before it found support close to the USD 1,520 zone. ETH created basics and began an upside correction above USD 1,580. There is moving over the USD 1,600 level, and also the cost has become facing resistance near USD 1,650. The following key resistance is close to the USD 1,720 level, above that the cost could gain bullish momentum.
Around the downside, initial support is near USD 1,600. The following major support is USD 1,550, below which cost may even test USD 1,500.
ADA, BNB, SOL, DOGE, and XRP cost
Cardano (ADA) extended losses underneath the .45 support zone and began a consolidation phase. It’s now facing resistance near USD .475 and USD .480 levels.
BNB continued to be strong over the USD 288 support zone. It’s now battling to stay over the USD 300 and USD 305 levels. A detailed above USD 305 might kickstart a brand new increase soon.
Solana (SOL) tested the USD 33.50 support zone. It’s now recovering and buying and selling over the USD 35 level. The cost must obvious the USD 36.50 potential to deal with gain bullish momentum.
DOGE found bids close to the USD .065 support. It’s now rising and buying and selling near USD .068. The very first major resistance is near USD .0700, above that the cost may accelerate greater.
XRP cost is consolidating underneath the USD .35 resistance zone. If there’s a recovery wave, the cost might retest the USD .372 resistance zone.
Other altcoins market today
A couple of altcoins are correcting losses, including MATIC, ETC, LTC, ATOM, CRO, XMR, BCH, EOS, CHZ, and AAVE. From these, CHZ rallied over 20% and removed the USD .22 level.
Overall, the bitcoin cost is wanting an upside correction over the USD 21,200 level. To begin a good upward move, BTC must obvious USD 21,650 and USD 22,000 soon.
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