Bitcoin and Ethereum Still Consolidate, 1INCH and DCR Outperform

cryptonews.com:

Bitcoin price remained in a range above the USD 19,500 support zone. BTC is currently (11:11 UTC) trading near USD 20,070 and is almost unchanged in a day and down 7% in a week.

Similarly, most major altcoins are also looking for direction. ETH is still trying to move above USD 1,600 while XRP might clear the USD 0.335 resistance zone. ADA is moving higher towards the USD 0.475 resistance.

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After a few swing moves, bitcoin price formed a base above the USD 19,500 level and might attempt a clear move above the USD 20,300 level. The key breakout zone is near the USD 20,500 level. A close above the USD 20,500 resistance zone might spark a sharper upward move. In this case, the price could test USD 21,200 or even USD 21,500.

On the downside, an initial support is near the USD 19,580 level. The main breakdown support is still near the USD 19,500 zone, below which the price could nosedive.

Ethereum price also followed a similar pattern above the USD 1,500 support. ETH remained well bid and settled above the USD 1,550 level. The bulls are now attempting a close above the USD 1,600 and USD 1,620 resistance levels. ETH is up almost 2% in a day and down over 6% in a week.

On the downside, an initial support is now near the USD 1,550 level. The next major support is USD 1,520, below which ETH could decline below USD 1,500.

Cardano (ADA) is consolidating above the USD 0.45 level. If the bulls remain active, the price might rise to the USD 0.475 resistance. The next key resistance is near USD 0.50, above which the price could rally.

BNB is consolidating above the USD 275 level. It seems to be facing resistance near the USD 282 level. A close above this level might send the price towards the USD 288 resistance.

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