- Bitcoin cost is consolidating above $20,000.
- Ethereum is battling near $1,600, XRP is well below $.35.
- CEL surged nearly 20%, and RVN is again pumping.
Bitcoin cost found support close to the $20,000 level following a strong decline. BTC is presently (11:10 UTC) consolidating above $20,000. It might begin a fresh increase if there’s a obvious move above $20,800.
Similarly, most major altcoins are consolidating near support zones. ETH is battling to remain over the $1,600. XRP might decline and try out the $.32 support. ADA is facing resistance near $.48 and $.482.
Bitcoin cost
Following a strong decline, bitcoin cost found support close to the $20,000 zone. BTC continued to be well bid over the $20,000 zone and lately began a consolidation phase. It were able to correct a couple of points over the $20,250 level. Around the upside, the cost is facing resistance close to the $20,500 level. The following major resistance has become close to the $20,800 level, above that the cost could begin a decent increase.
Around the downside, a preliminary support is close to the $20,050 level. The following major support is close to the $20,000 zone, below that the cost could start another strong decline.
Ethereum cost
Ethereum cost were able to stay over the $1,550 support zone. ETH began an upside correction and traded over the $1,580 level. It also rose above $1,600, but it’s battling to achieve bullish momentum. The very first major resistance is near $1,620. The following major resistance is near $1,650, above that the cost may possibly rise to $1,700.
Otherwise, the cost might start another decline for the $1,550 level. The following major support is $1,500, below which cost could gain bearish momentum.
ADA, BNB, SOL, DOGE, and XRP cost
Cardano (ADA) settled well underneath the $.50 level. The cost has become battling to recuperate over the $.48 level. If there’s no upside break, the cost may possibly decline for the $.45 level.
BNB is gradually recovering losses and buying and selling close to the $280 level. An instantaneous resistance is close to the $282 level. The very first major resistance is near $288, above that the cost could rise for the $300 level.
Solana (SOL) declined over 12% and tested the $32.65 level. It’s now buying and selling near $33.50 level. The following major support sits close to the $32.50 level. Around the upside, the bears might remain active close to the $35.00 level.
DOGE is consolidating over the $.060 level. A drawback break and shut underneath the $.060 level could spark a clear, crisp decline. Within the mentioned situation, the cost might slide for the $.0565 level.
XRP cost is consolidating close to the $.335 level. Should there be more downsides, the cost could slide and try out the $.32 support. The following major support is $.305.
Other altcoins market today
Many altcoins are lower over 10%, including LUNA, USTC, LUNC, HNT, APE, AVAX, EOS, NEAR, FTT, GMT, and ATOM. From these, LUNA dived over 30% and traded underneath the $3. level.
To summarize, bitcoin cost is consolidating over the $20,000 level. If BTC stays above $20,000, it might recover towards $21,200. Otherwise, it could dive to $18,500.
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