Bitcoin and Ethereum Still Consolidate, LINK, HNT, and XTZ Outperform
Bitcoin price moved lower in a range and tested the USD 30,000 level before recovering. It is currently (11:48 UTC) still stuck in its usual range and trades near USD 30,400. BTC is unchanged in a day and up almost 3% in a week.
Similarly, most major altcoins are trading in a range. ETH is struggling to clear the USD 1,850 resistance zone. XRP is now consolidating near the USD 0.40 level. ADA is eyeing an upside break above the USD 0.65 resistance zone.
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After a downside correction, bitcoin price traded near the USD 30,000 level. However, downsides were limited and the price is now facing resistance near the USD 30,500 level. The next key resistance is near the USD 31,200 resistance zone. The main resistance is still near the USD 31,500 zone, above which the price could rally.
On the downside, an initial support is near the USD 29,800 level. The next major support is near the USD 29,500 zone, below which the bears could gain strength in the near term.
Ethereum price traded below the USD 1,800 support zone. However, ETH bulls were active near the USD 1,770 level and pushed the price above USD 1,800 again. ETH is unchanged in a day and a week. The next major support is near the 1,750 level. The main support is near USD 1,720, below which the price might decline sharper.
On the upside, the USD 1,850 level is a key breakout zone. The next key resistance is near the USD 1,880 level, above which the price could start a steady increase.
Cardano (ADA) is again rising and trading above the USD 0.640 level. A successful close above the USD 0.65 and USD 0.655 could set the pace for a larger increase.
BNB is moving higher towards the USD 295 resistance level. If there is a clear move above the USD 295 level, the
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