Bitcoin and Ethereum Try to Recover, ATOM Moves Higher
Bitcoin price extended decline below the USD 42,000 support zone. BTC even spiked below the USD 41,000 level before recovering. It is currently (11:56 UTC) trading above USD 41,800.
Similarly, most major altcoins are trying to recover. ETH spiked below USD 2,700 before returning above USD 2,750. XRP is nearing USD 0.75 again while ADA must move back above USD 0.90 to gain strength.
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After a downside break, bitcoin price extended its decline below the USD 42,000 level. BTC even traded below the USD 41,000 level, but downsides were limited and BTC jumped above the USD 41,800 level again. On the upside, the price is facing resistance near the USD 42,000 level. The next key resistance is near the USD 42,550 level, above which the price might start a decent recovery wave.
If not, there could be more losses below the USD 41,000 support. The next key support is near the USD 40,500 level, below which the price may perhaps test USD 40,000.
Ethereum price settled below the USD 2,800 level. ETH even declined below the USD 2,700 level, but managed to return above USD 2,750. It is now facing resistance near the USD 2,780 zone. The next major resistance could be near the USD 2,850 level, where the bears might emerge.
On the downside, the USD 2,700 level is a short-term support. The next key support is near the USD 2,650 level, below which the price might test USD 2,550.
Cardano (ADA) extended decline below the USD 0.88 support. It even tested USD 0.865 zone. The price is now attempting a recovery wave, but a close above USD 0.90 is a must for a stronger increase.
BNB is recovering and testing the USD 400 pivot level. If the bulls push the price above USD 400 and USD 402, the price might start a steady increase. The
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