Bitcoin and Ethereum Consolidate Gains, AXS and WAVES Dive

cryptonews.com:

Bitcoin price made another attempt to clear the USD 32,200 resistance zone and spiked to USD 32,400 where the bears emerged. It is currently (04:09 UTC) trading near USD 31,600 and is almost unchanged in a day and up 7% in a week.

Similarly, most major altcoins are also moving lower. ETH corrected below USD 1,950 and tested USD 1,920. XRP is still trading above the USD 0.40 support zone. ADA trimmed gains and neared USD 0.60.

Total market capitalization

After another move above USD 32,000, bitcoin price faced sellers and failed to surpass the USD 32,400 level. It formed a short-term top and started a downside correction below USD 32,000. On the downside, an immediate support at USD 31,200. The next major support is still near the USD 30,500 zone, below which the price could start a stronger decline.

On the upside, the price is facing resistance near USD 32,200. The next key resistance is near USD 32,400. A clear move above the USD 32,400 level might start a steady increase in the near term.

Ethereum price struggled to surpass the USD 2,000 resistance. ETH corrected lower below the USD 1,950 support level and tested the USD 1,920 support. The price is down more than 3% in a day and almost 3% in a week. If there are more downsides, the price may perhaps slide towards the USD 1,850 support.

On the upside, an initial resistance is near the USD 1,980 level. The next major resistance is near USD 2,000, above which ETH could rise towards the USD 2,085 resistance zone.

Cardano (ADA) extended its rally above the USD 0.65 resistance. However, it faced sellers near the USD 0.688 zone. As a result, there was a downside correction and the price is now testing the USD 0.60 zone.

BNB spiked towards the USD 330 level before it corrected lower.