Bitcoin and Ethereum Consolidate, DOGE and STX Rally
Bitcoin price remained supported above the USD 20,500 zone and BTC was able to climb above the USD 21,200 level, but it stayed below the USD 22,000 zone. It is currently (04:05 UTC) consolidating near USD 21,200 and is down over 1% in a day and up 3% in a week.
Similarly, most major altcoins are trading in a range. ETH climbed above USD 1,250, but struggled near USD 1,280 and moved lower. XRP is consolidating above USD 0.350 while ADA is fluctuating around USD 0.50.
Total market capitalization
After a clear move above the USD 21,200 level, bitcoin price was able to continue higher and climbed above the USD 21,800 level, but there was no test of USD 22,000. The price corrected gains and traded below USD 21,500. It is now facing resistance near the USD 21,500 zone. The next major resistance is now near USD 21,800. A close above the USD 21,800 and USD 22,000 levels might start a stronger increase.
On the downside, an initial support is near the USD 20,500 level. The main weekly support is near the USD 20,000 zone, below which the price could start a sharper decline.
Ethereum price also started an upward move above the USD 1,150 resistance. ETH was able to surpass USD 1,250 before it faced sellers near the USD 1,280 zone. The price is now hovering near USD 1,220 and is down over 1% in a day and up 8% in a week. The next major resistance is near USD 1,300, above which ETH could rise towards the USD 1,350 level.
On the downside, an initial support is at USD 1,180. The next major support is near USD 1,120, below which the price could revisit USD 1,000.
Cardano (ADA) was able to surpass the USD 0.50 resistance. However, the upsides were limited and the price corrected gains and is now fluctuating around USD 0.50. If there are more
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