Bitcoin and Ethereum Inch Higher, MATIC Jumps

cryptonews.com:

Bitcoin price started an upside correction above the USD 21,000 level and is currently (11:51 UTC) trading near USD 21,300 and is up 1% in a day and down 9% in a week.

Similarly, most major altcoins are facing key hurdles. ETH recovered above USD 1,450 but faces resistance near USD 1,500. XRP is trading well below the USD 0.35 resistance. ADA is rising from USD 0.45.

Total market capitalization

After tagging the USD 20,750 zone, bitcoin price recovered losses and is now approaching the USD 21,500 resistance zone. A clear move above the USD 21,500 level might initiate a stronger upward move. The next major resistance could be USD 22,000, above which the price could rise towards USD 23,000.

On the downside, an initial support is near the USD 21,000 level. The next major support is near the USD 20,750 zone, below which the price could test USD 20,500.

Ethereum price also started a recovery wave above the USD 1,400 level. ETH was able to clear the USD 1,440 and USD 1,450 levels. On the upside, the price is now facing resistance near USD 1,480. ETH is up almost 4% in a day and down 5% in a week. The next key resistance is near the USD 1,500 level, above which the price could accelerate higher.

If there is a fresh decline, the price might revisit the USD 1,400 support. The next major support is near USD 1,350, below which the price might decline sharply.

Cardano (ADA) remained well bid above the USD 0.45 support level and is now recovering above the USD 0.46 level. To start a stronger recovery wave, the price must clear the USD 0.48 resistance.

BNB is back above the USD 250 support zone and is consolidating. On the upside, the price may perhaps face resistance near USD 255, above which the price could rise towards the USD 265 level.

So