Bitcoin and Ethereum Consolidate, ADA, APE, and Multiple Altcoins Rally

cryptonews.com:

Bitcoin price climbed above the USD 30,000 resistance level and is currently (11:45 UTC) consolidating gains above USD 30,500. BTC jumped almost 7% in a day, trimming its weekly losses to less than 17%.

Similarly, most major altcoins are facing an uphill task. ETH recovered above USD 2,000 but struggled near USD 2,120. XRP might struggle above USD 0.450 and USD 0.465. ADA gained pace above 0.55 and faced resistance near USD 0.60.

Total market capitalization

After forming a base near USD 25,500, bitcoin price started a recovery wave. The price broke the USD 30,000 level to move into a short-term bullish zone. However, the bulls faced a strong resistance near the USD 31,200 zone. The next key resistance is seen near the USD 32,000 level. 

If there is a downside correction, the price might find support near USD 29,200. The next major support is near the USD 28,500 level, below which the price could revisit USD 27,000.

Ethereum price also started a decent upside correction above the USD 1,950 level. ETH was able to settle above the USD 2,000 level. It even broke the USD 2,100 level, but the bears were active near the USD 2,120 level. The next major resistance is now forming near USD 2,200.

On the downside, an initial support is near the USD 1,950 level. The next major support is near the USD 1,880 level, below which the price might start a fresh decline.

Cardano (ADA) gained bullish momentum above the USD 0.50. It even surged above the USD 0.55 and ran into the key USD 0.60 resistance. The price is now consolidating and might find bids near USD 0.542. After rallying 23% in a day, ADA trimmed its weekly losses to 27%.

BNB bounced from the USD 200 support zone and moved above USD 300. The price might correct lower, but dips could be