Bitcoin and Ethereum Inch Higher, MATIC Jumps
- Bitcoin price is facing resistance near USD 21,500.
- Ethereum is still below USD 1,500, XRP is facing hurdles near USD 0.35.
- MATIC is the best performer among the top 20 coins.
Bitcoin price started an upside correction above the USD 21,000 level and is currently (11:51 UTC) trading near USD 21,300 and is up 1% in a day and down 9% in a week.
Similarly, most major altcoins are facing key hurdles. ETH recovered above USD 1,450 but faces resistance near USD 1,500. XRP is trading well below the USD 0.35 resistance. ADA is rising from USD 0.45.
Total market capitalization
Bitcoin price
After tagging the USD 20,750 zone, bitcoin price recovered losses and is now approaching the USD 21,500 resistance zone. A clear move above the USD 21,500 level might initiate a stronger upward move. The next major resistance could be USD 22,000, above which the price could rise towards USD 23,000.
On the downside, an initial support is near the USD 21,000 level. The next major support is near the USD 20,750 zone, below which the price could test USD 20,500.
Ethereum price
Ethereum price also started a recovery wave above the USD 1,400 level. ETH was able to clear the USD 1,440 and USD 1,450 levels. On the upside, the price is now facing resistance near USD 1,480. ETH is up almost 4% in a day and down 5% in a week. The next key resistance is near the USD 1,500 level, above which the price could accelerate higher.
If there is a fresh decline, the price might revisit the USD 1,400 support. The next major support is near USD 1,350, below which the price might decline sharply.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) remained well bid above the USD 0.45 support level and is now recovering above the USD 0.46 level. To start a stronger recovery wave, the price must clear the USD 0.48 resistance.
BNB is back above the USD 250 support zone and is consolidating. On the upside, the price may perhaps face resistance near USD 255, above which the price could rise towards the USD 265 level.
Solana (SOL) is moving higher towards the USD 37.50 resistance level. The key resistance is near USD 38. A clear move above the USD 38 level might send the price towards the USD 40 level.
DOGE is stable above the USD 0.0620 support. On the upside, the price is facing resistance near USD 0.0635. The key barrier is now forming near the USD 0.0650 level.
XRP price is moving higher and trading above the USD 0.335 level. If the bulls remain in action, the price could revisit USD 0.35. The next major resistance is near the USD 0.388 level.
Other altcoins market today
A few altcoins are moving higher, including MATIC, TRX, AVAX, SHIB, ETC, XMR, ATOM, ICP, QNT, and NEO. MATIC jumped almost 7%, surpassed USD 0.80, and trimmed its weekly losses to less than 13%. Meanwhile, QNT rallied over 14% and climbed above the USD 93 level.
To sum up, bitcoin price is attempting a recovery wave above USD 21,200. However, BTC must clear USD 21,500 and USD 22,000 to continue higher in the near term.
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