Bitcoin and Ethereum Still Range-Bound, Top Altcoins Struggle, XCN Rallies
- Bitcoin price is still consolidating near USD 30,000.
- Ethereum fluctuates above USD 2,000, XRP is facing resistance near USD 0.45.
- XCN jumped 37%.
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.
Total market capitalization
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.
ADA, BNB, SOL, DOGE, and XRP price
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.
Solana (SOL) is consolidating near the USD 55 level. The next key support is near the USD 52 level. A downside break below USD 52 might put a lot of pressure on the bulls.
DOGE is moving lower towards the USD 0.085 level. If there are additional losses, the bulls might take a stand near the USD 0.0820 level. The next major support is USD 0.0800.
XRP price failed to clear the USD 0.45 resistance and is now stuck near the USD 0.42 level. The main support is at USD 0.40, where the bulls might take a stand.
Other altcoins market today
Many altcoins are still in the red zone, including DOT, AVAX, NEAR, FTT, MANA, ICP, FIL, MKR, GRT, CRV, CELO, and BAT. Conversely, XCN gained pace and jumped over 37% to clear the USD 0.135 level and become the best performer among the top 100 cryptoassets by market capitalization today. The price is also up over 30% in a week.
Overall, bitcoin price is still consolidating near the USD 30,000 level. If BTC declines below the USD 29,000 support, the bears could gain strength in the near term.