Bitcoin and Ethereum Consolidate Gains, ADA Outperforms

cryptonews.com:

Bitcoin price surged above the USD 31,200 resistance level and tested the USD 32,000 level before the bears emerged. It is currently (11:50 UTC) consolidating gains near USD 31,800 and is up almost 4% in a day and 9% in a week.

Similarly, most major altcoins remain in a positive zone. ETH is facing a major hurdle near USD 2,000. XRP is still below the USD 0.45 resistance. ADA rallied and even spiked above the USD 0.65 resistance.

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After a clear move above the USD 31,200 resistance, bitcoin price struggled to settle above USD 32,000. BTC started a minor downside correction towards USD 31,800. The price is now consolidating gains, with an immediate support at USD 31,200. The next major support is near the USD 30,500 zone, below which the bears might try to take control.

On the upside, the first major resistance is near the USD 32,000 level. The next key resistance is near USD 32,500, above which the price might rise steadily towards the USD 33,200 level.

Ethereum price spiked above the USD 2,000 resistance zone but failed to continue higher and dipped toward USD 1,980. ETH is still up 4% in a day and is unchanged in a week while it is holding gains above the USD 1,920 support level. The next major support is near the USD 1,850 level, below which there is a risk of a sharper bearish wave.

On the upside, the USD 2,000 and USD 2,010 levels are acting as hurdles. The next major resistance is near USD 2,085, above which the price could rise towards the USD 2,150 resistance zone. 

Cardano (ADA) rallied significantly above the USD 0.55 resistance. It gained 25% and even broke the USD 0.65 resistance zone. The next major resistance for the bulls may perhaps be USD 0.688. ADA also jumped 29% in a week and