Bitcoin and Ethereum Inch Higher, ATOM Jumps
Bitcoin price found support near USD 33,000 and started an upside correction. It is currently (04:15 UTC) up 3%, is trading near USD 36,500 and facing resistance near USD 37,000.
Similarly, most major altcoins are attempting an upside correction. ETH spiked towards USD 3,150 before recovering higher. XRP is consolidating near the USD 0.600 zone. ADA is still facing strong resistance near USD 1.10.
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After a short-term recovery, bitcoin price extended decline below the USD 34,000 zone. However, dips were contained below USD 33,000. It started a fresh upside correction and even climbed above USD 37,400, but the bears won again, pushing the price below USD 37,000. The next major resistance is near USD 37,500, above which the price might rise towards the USD 40,000 barrier.
On the downside, an initial support is near the USD 35,000 level. The next major support is near USD 34,200, below which the price could resume its downtrend.
Ethereum price also extended decline below USD 2,220 and USD 2,200. ETH found support near USD 2,150 and started an upside correction. There was a move above the USD 2,400 level, but the price is facing resistance near USD 2,500 and is still down 2% in a day. The next key resistance is near USD 2,550, above which the price might start a steady correction wave.
An initial support is near the USD 2,320 level. The next major support is near USD 2,200, below which the price might accelerate lower.
Cardano (ADA) dived below the USD 1.0 support level. However, the bulls defended the USD 0.95 support. It is back above USD 1.00, but the bulls are facing a lot of hurdles near USD 1.08 and USD 1.10.
Binance coin (BNB) dived below the USD 350 level, but there was no test of USD 320. The price
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