Bitcoin, Ethereum, and Altcoins Trim Gains, ICP Still Outperforms
Bitcoin price attempted a fresh increase above the USD 30,500 resistance but it failed to clear the USD 31,200 resistance. BTC is currently (11:52 UTC) trading near USD 29,800 and is down 1% in a day, but is still up 4% in a week.
Similarly, most major altcoins are also moving lower. ETH is down over 4% and trading below USD 1,800. XRP is back below USD 0.40 and remains at a risk of more losses. ADA remained below the key USD 0.60 resistance zone.
Total market capitalization
After a failed attempt above USD 30,500, bitcoin price faced a fresh round of selling. BTC started another decline and traded below the USD 30,000 level. On the downside, an initial support is near the USD 29,500 level. The next major support is near the USD 28,500 zone, below which the price could gain bearish momentum.
On the upside, the price might struggle above USD 30,500. The next key resistance is near USD 31,200, above which the price could rise towards the USD 32,000 resistance.
Ethereum price remained below the main resistance at USD 1,850. ETH started a fresh decline and traded below the USD 1,800 level and neared USD 1,760. It is down over 4% in a day and is almost unchanged in a week. The next major support is near USD 1,700, below which the price might test USD 1,650.
On the upside, the price is facing resistance near the USD 1,820 level. The main major resistance is still near USD 1,850, above which the price could rise towards the USD 1,920 barrier.
Cardano (ADA) failed to clear the USD 0.60 resistance zone. It moved lower and is now trading below USD 0.58. If the bears remain in action, the price might slide towards the USD 0.52 support.
BNB is again testing the USD 300 support zone. A close below the USD 300 level may perhaps spark a
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