Bitcoin and Ethereum Hold Key Support Levels, TRX Accelerates

cryptonews.com:

Bitcoin price started another decline from the USD 30,500 resistance zone and dropped below the USD 29,500 support level. However, it is currently (11:45 UTC) consolidating near USD 29,300 and still holds the key USD 28,500 support level. BTC is down almost 4% in a day and 2% in a week.

Similarly, most major altcoins are consolidating above key support levels. ETH must stay above USD 1,920 to increase the chances of a fresh increase. XRP might decline below USD 0.40. ADA is consolidating above the USD 0.50 support.

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After another rejection near USD 30,500, bitcoin price started a downside correction. BTC declined below the USD 30,000 and USD 29,500 support levels. However, the bulls are protecting more downsides, with an immediate support near the USD 28,800 level. The next major support is near the USD 28,500 level, below which the price could gain bearish momentum.

On the upside, the first major resistance is near USD 30,000. The main resistance is still near the USD 30,500 level, above which the price could rise steadily.

Ethereum price also started a fresh decline below the USD 2,000 support. ETH is now trading above the USD 1,950 support and is down 5% in a day and almost 3% in a week. The main support is still near USD 1,920, below which the price might gain bearish momentum and extend losses. The next major support could be near the USD 1,800 level.

On the upside, an immediate resistance is near the USD 2,020 level. The main breakout zone is now forming near the USD 2,080 and USD 2,120 levels.

Cardano (ADA) declined below the USD 0.52 support zone. However, the bulls are now protecting the key USD 0.50 support zone. If there is a downside break below USD 0.50, the price might decline towards