Bitcoin and Ethereum Struggle To Clear Hurdles, ATOM Surges
- Bitcoin price is struggling to gain pace above USD 21,500.
- Ethereum is still struggling near USD 1,650, XRP is facing resistance at USD 0.35.
- ATOM rallied over 10%, and EOS is holding gains.
Bitcoin price started an upside correction above the USD 21,200 resistance zone. BTC is currently (11:20 UTC) facing resistance near USD 21,500 and USD 21,650. A clear move above USD 21,650 might start a steady increase.
Similarly, most major altcoins are facing important hurdles. ETH is struggling to clear USD 1,650. XRP is facing hurdles near the USD 0.35 zone. ADA must clear USD 0.475 and USD 0.480 to start a steady recovery wave.
Total market capitalization
Recently, the bitcoin price started a minor recovery wave above the USD 21,000 level. BTC corrected above the USD 21,200 and USD 21,350 levels. It is now facing resistance near the USD 21,550 level. The next resistance is near the USD 21,650 level, above which the price might start a decent upward move. In the stated case, there could be a move towards the USD 22,000 resistance zone. Any more gains could send it to USD 22,500.
On the downside, an immediate support is near the USD 21,000 level. The next major support is near the USD 20,500 zone, below which the price could accelerate lower.
Ethereum price started an upside correction above USD 1,580. ETH even climbed above the USD 1,600 and USD 1,620 levels. However, the bears defended the key USD 1,650 resistance zone. The next key resistance is near the USD 1,720 level, above which the price could start a steady increase.
On the downside, an initial support is near USD 1,580. The next major support is USD 1,550, below which price could start another decline. In the stated case, it might test USD 1,500.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) attempted an upside correction, but it failed near USD 0.465. The main resistance is still near the USD 0.475 and USD 0.480 levels, above which it might climb to USD 0.50.
BNB is facing a strong resistance near the USD 300 level. The next hurdle might be USD 305. A close above the USD 305 level may perhaps start a major increase in the coming sessions.
Solana (SOL) failed to gain pace above the USD 35.50 level. It is now consolidating near USD 35. If there is a downside break, the price might drop towards the USD 33.50 support.
DOGE faced strong resistance near the USD 0.070 zone. If it stays below USD 0.070, there is a risk of a fresh decline towards the USD 0.065 support zone.
XRP price is facing hurdles near the USD 0.35 resistance zone. If there is another decline, the price may move towards the USD 0.32 level.
Other altcoins market today
A few altcoins are showing positive signs, including MATIC, AVAX, ETC, LTC, FTT, LINK, ATOM, CRO, XMR, BCH, EOS, and NEAR. Out of these, ATOM rallied over 10% and cleared the USD 11.25 level.
To sum up, the bitcoin price is facing resistance near the USD 21,650 and USD 22,000 levels. If BTC stays below USD 22,000, there could be a drop towards the USD 22,000 level.