Bitcoin and Ethereum Struggle to Continue Higher, NEXO Outperforms

cryptonews.com:

Bitcoin price is still struggling to clear the USD 20,500 resistance and is currently (12:18 PM UTC) consolidating above the USD 20,300 level. BTC is unchanged in a day and down almost 6% in a week.

Similarly, most major altcoins are facing hurdles. ETH is facing strong resistance near USD 1,620 and USD 1,625. XRP is struggling to surpass USD 0.335. ADA might fail to stay above the USD 0.45 support zone.

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After another move above USD 20,000, bitcoin price faced a strong resistance near the USD 20,500 zone. The price failed to gain bullish momentum and is currently consolidating below USD 20,500. On the downside, an initial support is near the USD 20,000 level. The main breakdown support is near the USD 19,500 zone, below which the price could start a stronger decline.

An immediate resistance is near the USD 20,500 level. A proper close above USD 20,500 might clear the path for a steady increase. The next major resistance is near USD 21,200.

Ethereum price made another attempt to gain pace above the USD 1,600 level. However, the bears defended the USD 1,620 resistance zone, and ETH is now trading near USD 1,600 again. ETH is up 1% in a day and down 4% in a week. To start a fresh increase, the price must settle above USD 1,620. The next key resistance is near the USD 1,650 level, above which ETH could test the USD 1,700 resistance zone. 

On the downside, an initial support is now near the USD 1,550 level. The next major support is USD 1,520, below which price could retest the USD 1,480 support. 

Cardano (ADA) struggled to clear the USD 0.475 resistance zone. It is moving lower and approaching USD 0.45. A downside break below USD 0.45 might start a sharper decline.

BNB is still struggling to clear the