Bitcoin and Ethereum Hold Downtrend Support, TRX and DCR Trim Gains

cryptonews.com:

Bitcoin price started a fresh decline below the USD 41,200 support zone and spiked below the USD 40,000 support before recovering. It is currently (11:49 UTC) consolidating near the USD 40,500 level. BTC is down almost 5% in a day, trimming its weekly gains to 1%.

Similarly, most major altcoins are holding downtrend support. ETH managed to stay above the USD 2,950 support zone. XRP tested USD 0.72 while ADA is consolidating above the USD 0.90 support.

Total market capitalization

After a rejection near USD 43,000, bitcoin price started a fresh decline. BTC even declined below USD 40,000, but the price recovered soon after. An immediate resistance on the upside is near the USD 41,000 level. The next key resistance could be USD 41,200, above which the price may perhaps gain bullish momentum.

If not, there is a risk of a move below the USD 40,000 support. The next major support is near USD 39,500, below which the price might start a stronger decline.

Ethereum price started a sharp decline from the USD 3,180 level. ETH declined below the USD 3,050 and USD 3,000 support levels. However, the bulls protected the USD 2,950 support. It is now consolidating and facing resistance near USD 3,050. ETH is down almost 5% in a day and 1% in a week. The next key resistance might be near the USD 3,120 level.

On the downside, the main support is near the USD 2,950 level, below which there is a risk of a larger decline. 

Cardano (ADA) gained bearish momentum below the USD 0.92 level. It even spiked below USD 0.90, but losses were contained. The price is now consolidating and facing resistance near the USD 0.932 level.

BNB extended decline towards the USD 400 support and is now consolidating near USD 410. If there is a downside break below USD 400,