Bitcoin and Ethereum Try to Recover, AVAX Outperforms
Bitcoin price corrected lower from the USD 42,250 zone but BTC remained well bid above the USD 40,500 level and started a fresh increase. It is currently (11:56 UTC) showing positive signs near USD 41,300 and might continue moving higher. BTC is still down 1% in a day.
Similarly, most major altcoins are also recovering losses. ETH is now unchanged in a day and might attempt to clear the USD 2,950 and USD 3,000 resistance levels. XRP might test the USD 0.82 resistance soon. ADA is facing hurdles near the USD 0.92 resistance zone.
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After a downside correction, bitcoin price found support near the USD 40,500 level. BTC formed a base and is currently moving higher above USD 41,000. An immediate resistance is near the USD 42,000 level. The next key resistance is near the USD 42,250 level, above which the price might start a steady increase.
If there is another decline, the price might find support near the USD 40,500 level. The next key support is near USD 40,000, below which the price may perhaps gain bearish momentum.
Ethereum price is rising and trading above USD 2,900. On the upside, an initial resistance is near the USD 2,950 level. The next major resistance is near the USD 3,000 level, above which the price might accelerate.
On the downside, an initial support is near the USD 2,850 level. The next major support is near the USD 2,820 level, below which the price might test the USD 2,750 support zone.
Cardano (ADA) is consolidating near the USD 0.90 level. The key breakout zone is now forming near the USD 0.92 level, above which the price may perhaps move higher towards the USD 1.00 level.
BNB is stable above the USD 388 support level. On the upside, the USD 400 level is a major barrier. A close above
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