Bitcoin and Ethereum Consolidate Gains, ADA and SOL Accelerate

cryptonews.com:

Bitcoin price started a recovery wave above the USD 30,000 resistance zone and climbed above the USD 31,000 level before correcting lower again. It is currently (04:06 UTC) consolidating gains near USD 30,400 and remains at a risk of a downside break below USD 30,000. BTC is up 2% in a day and down 11% in a week.

Similarly, most major altcoins are trading in a positive zone. ETH climbed above USD 2,100 but struggled near USD 2,200. XRP is facing a major resistance near the USD 0.45 zone. ADA jumped over 11% and tested the USD 0.615 zone.

Total market capitalization

After a close above USD 30,000, bitcoin price started a recovery wave and climbed above the USD 31,000 level, but the price is facing resistance near the USD 31,500 zone. The next key resistance is now forming near the USD 32,000 level. A close above the USD 32,000 zone could set the pace for a larger increase.

If there is another decline, the price might find support near USD 30,000. The next major support is near the USD 29,500 level, below which the price could start a fresh decline.

Ethereum price also started a decent upside correction above the USD 2,000 level. ETH was able to settle above the USD 2,100 level and traded close to USD 2,200 before moving back below USD 2,100 again. It is now moving lower and might test the USD 2,000 support zone. ETH is up 3% in a day and down 17% in a week.

If there is a downside break and a close below USD 2,000, there is a risk of more losses. The next major support is near the USD 1,920 level, below which the price might gain bearish momentum.

Cardano (ADA) started a strong increase above the USD 0.550 level. The price even moved above the USD 0.600 level. However, ADA faced sellers near USD 0.615 and is moving lower. After