- Bitcoin price is facing resistance near USD 31,200.
- Ethereum is struggling near USD 1,850, XRP recovered above USD 0.40.
- ICP is the best performer today.
Bitcoin price remained supported above the USD 29,500 level. BTC started a recovery wave above USD 30,000 and is currently (04:04 UTC) trading near USD 30,500. BTC is up almost 3% in a day and 4% in a week.
Similarly, most major altcoins are facing hurdles. ETH is struggling near USD 1,850 while XRP managed to recover above the USD 0.40 pivot level. ADA bears are protecting a clear move above USD 0.60.
Total market capitalization
Bitcoin price
After forming a base above the USD 29,500 level, bitcoin price was able to start a recovery wave. BTC climbed above the USD 30,500 resistance level but the bears are protecting more gains above the USD 31,200 level. The next key resistance is near USD 31,500, above which the price could rise towards the USD 32,400 resistance.
On the downside, an initial support is near the USD 30,000 level. The next major support is still near the USD 29,500 zone, below which the price could dive to USD 28,500.
Ethereum price
Ethereum price is consolidating above the USD 1,800 level. On the upside, ETH is facing a major resistance near the USD 1,850 level and is up almost 1% in a day and over 1% in a week. The main major resistance is still near USD 1,920, above which the price could start a steady increase. The next key resistance is at USD 2,000.
On the downside, an initial support is near the USD 1,800 level. The next major support is near USD 1,740, below which the price might decline stronger.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) is attempting a fresh increase above the USD 0.58 level. However, the price must settle above the USD 0.60 zone to gain bullish momentum. In this case, it could revisit USD 0.65.
BNB is moving higher towards the USD 312 resistance level. The next major resistance is USD 320, above which the price may perhaps rise towards the USD 335 resistance zone or even USD 340.
Solana (SOL) is back above the USD 40 level but is struggling to clear the USD 42 level. A close above USD 42 might start a steady increase towards the USD 45 level in the near term.
DOGE found support near the USD 0.0800 level and is now trading above the USD 0.0830 level. On the upside, the bears might remain active near the USD 0.085 resistance zone. The next resistance is at USD 0.088.
XRP price managed to pop above the USD 0.40 resistance zone. An immediate resistance is near the USD 0.42 level, above which the price may perhaps rise towards the USD 0.45 level.
Other altcoins market today
Many altcoins are also moving higher, including DOT, TRX, AVAX, MATIC, CRO, NEAR, XLM, ICP, MANA, KCS, FIL, and AXS. Out of these, ICP is gaining pace above the USD 9 resistance as the price jumped 20% in a day and a week, becoming the best performer among the top 100 cryptoassets by market capitalization today.
Overall, bitcoin price is facing a major hurdle near the USD 31,200 level. To move into a positive zone, BTC must settle above the USD 31,200 resistance zone in the near term.
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Source: Cryptonews
