Bitcoin and Ethereum Look for Direction, ADA and SOL Trimmed Gains

cryptonews.com:

Bitcoin price started a downside correction from the USD 31,500 zone and declined below the USD 30,000 support zone before recovering. It is currently (11:29 UTC) trading near USD 30,100 and is almost unchanged in a day. It’s still down 12% in a week.

Similarly, most major altcoins are also fluctuating without a clear direction. ETH declined towards USD 2,000 before nearing USD 2,050 again. XRP managed to stay above the USD 0.400 level while ADA trimmed some of its gains today.

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After struggling to clear the USD 31,200 and USD 31,400 levels, bitcoin price started a downside correction. BTC declined below the USD 30,000 support zone before recovering.  If there is a downside break below USD 28,500, the price could accelerate lower towards the USD 27,800 level.

On the upside, the price is facing resistance near the USD 30,500 zone. The next key resistance is now forming near the USD 31,200 and USD 31,400 levels.

Ethereum price also started a decent downside correction after it failed to clear the USD 2,200 level. ETH is fluctuating below the USD 2,100 level and is down 1% in a day and 19% in a week. The next major support is near the USD 1,950 level, below which the price could accelerate lower towards the USD 1,880 level.

On the upside, the bears might remain active near the USD 2,120 level. The main breakout zone is now near the USD 2,200 level, above which the price might accelerate higher towards the USD 2,320 level in the near term.

Cardano (ADA) gained pace and even spiked above the USD 0.60 level. However, it failed to stay above the USD 0.60 level and corrected near USD 0.55 before moving higher again. On the downside, the first key support is near USD 0.52, below which the price could revisit