Bitcoin and Ethereum Still Range-Bound, Top Altcoins Struggle, XCN Rallies

Bitcoin price made another attempt to clear the USD 30,500 resistance level but failed and corrected gains.

It is currently (04:14 UTC) consolidating near USD 30,000 and remains at a risk of a downside break below USD 29,500. BTC is down almost 2% in a day and 4% in a week.

Similarly, most major altcoins are facing key hurdles. ETH bulls are struggling to keep the price above USD 2,000. 

XRP is now well below the USD 0.45 resistance. ADA is still struggling below the USD 0.60 resistance zone.

After a minor downside correction, bitcoin price started a fresh increase. BTC cleared the USD 30,000 resistance zone. It even attempted a steady wave above the USD 30,500 level, but there was a lack of momentum and the price corrected gains. 

An immediate support is near the USD 29,500 level. The next major support is near the USD 29,000 level, below which the price could extend losses.

On the upside, an initial resistance is near the USD 30,500 zone. The next key resistance is still near the USD 31,500 level, above which the price could rally. 

Ethereum price also attempted a steady move above the USD 2,050 level. However, the bears protected the key USD 2,120 resistance zone. 

The price is now moving lower and approaching the USD 2,000 support zone. The next major support is near the USD 1,980 level, below which the price might decline to USD 1,920. ETH is down over 1% in a day and 13% in a week.

On the upside, an immediate resistance is near the USD 2,080 level. The key resistance is near USD 2,120, above which the price could gain bullish momentum.

Cardano (ADA) made another attempt to clear the key USD 0.60 resistance zone. However, the bulls failed to gain strength and the price dipped to USD 0.550. The next major support is near USD 0.52.

BNB failed to test the USD 320 resistance and topped near the USD 312 level. It is now consolidating near the USD 300 level, below which there is a risk of a move towards USD 288.













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