- Bitcoin price is facing resistance near USD 20,500 and USD 21,200.
- Ethereum is struggling near USD 1,150, XRP is stuck near USD 0.32.
- CEL is the best performer among the top 100 coins today.
After starting a recovery wave above the USD 20,000 resistance zone, bitcoin is facing a key hurdle near USD 20,500 and USD 21,200. It is currently (04:59 UTC) consolidating above USD 20,500 and is up almost 3% in a day and down 9% in a week.
Similarly, most major altcoins are stuck near key hurdles. ETH is struggling to clear USD 1,140 and USD 1,150. XRP is still consolidating near USD 0.320. ADA struggled to settle above the USD 0.50 resistance.
Total market capitalization
Learn more: Bitcoin, Ethereum & Crypto Analysts Search for Bottom as Investors in ‘Historically Meaningful Degree’ of Pain
After a close above the USD 20,000 level, bitcoin price started trading in a range. BTC attempted an upside break above the USD 21,000 and USD 21,200 levels. However, the bears remained active near the USD 21,200 level. A close above the USD 21,200 level could open the doors for a steady increase in the near term.
On the downside, an initial support is near the USD 19,500 level. The next major support is near the USD 18,800 zone, below which the price could start another decline.
Ethereum price settled above the USD 1,050 level. On the upside, the price is facing resistance near the USD 1,140 and USD 1,150 levels. A close above USD 1,150 might start a steady increase. The next major resistance is near USD 1,220, above which the price could rise towards the USD 1,280 level. ETH is up 4% in a day and down 7% in a week.
On the downside, an immediate support is at USD 1,080. The next major support is near USD 1,050, below which the price could revisit USD 1,000.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) gained pace above the USD 0.48 resistance. The bulls even attempted a move above the USD 0.50 level but failed. On the downside, there is a key support forming near USD 0.45.
BNB climbed above the USD 212 resistance. The next major resistance is near USD 220. If the bulls remain in action, there are chances of a move towards the USD 235 resistance zone. If not, the price might decline toward USD 205.
Solana (SOL) rallied above the USD 32 resistance. It even cleared the USD 35 level and tested USD 36.80. The price is now consolidating gains near USD 35, with a strong support near the USD 32 level. SOL is up 9% in a day and is the best performer among the top 10 coins.
DOGE was able to gain strength above USD 0.0580. The price even spiked above USD 0.060 and is currently consolidating gains. The next major resistance on the upside is near USD 0.062.
XRP price is still consolidating above the USD 0.312 resistance. The price is facing resistance near the USD 0.328 zone, above which it could rise towards the USD 0.35 resistance.
Other altcoins market today
Many altcoins are up at least 10%, including AXS, NEAR, MATIC, ICP, LINK, APE, AAVE, SNX, and AR. Meanwhile, CEL jumped 89% in a day and is trading near USD 1.20. It’s also up 320% in a week and 64% in a month but is still down 81% in a year.
Overall, bitcoin price is facing a key hurdle near the USD 21,200 level. If BTC fails near USD 21,200, it could start a fresh decline below USD 20,000.