Bitcoin and Ethereum Try to Recover, ADA, SOL, and DOGE Rally

cryptonews.com:

Bitcoin price traded close to the USD 20,000 support zone before the bulls appeared. BTC formed a base and started a recovery wave above the USD 22,000 level. It is currently (04:02 UTC) consolidating near USD 22,300 and facing resistance near USD 23,000. BTC is up almost 4% in a day and down 26% in a week.

Similarly, most major altcoins are attempting a fresh recovery wave. ETH is facing resistance near USD 1,220 and USD 1,250. XRP cleared the USD 0.32 resistance. ADA surged above the USD 0.50 resistance zone.

Total market capitalization

After a downside extension, bitcoin price found support near the key USD 20,000 zone. BTC formed a base and started an upside correction above the USD 21,200 level. There was a move above the USD 22,500 resistance. However, the bulls struggled to push the price above the USD 23,000 level and BTC moved towards USD 22,200 again. The next major resistance is near the USD 23,200 level.

On the downside, an initial support is near the USD 22,000 level. The next major support is near the USD 21,200 zone, below which the price could resume its decline.

Ethereum price also found support near the USD 1,000 zone. ETH started an upside correction above the USD 1,150 level. There was a clear move above the USD 1,200 level. It is now facing resistance near the USD 1,250 level, above which there could be a strong upward move. ETH is up 4% in a day and down 32% in a week.

If there is no upside break above USD 1,250, the price could start a fresh decline. An initial support is near the USD 1,150 level. The next major support is near USD 1,120. 

Cardano (ADA) started a strong increase above the USD 0.50 resistance. The price even spiked above the USD 0.535 level, but it failed to surpass the USD 0.55 resistance