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Bitcoin and Ethereum still in range, top altcoins struggle, XCN rally

Bitcoin and Ethereum still in range, top altcoins struggle, XCN rally

  • The price of bitcoin is still hovering around $30,000.
  • Ethereum is hovering above $2,000, XRP is facing resistance around $0.45.
  • XCN jumped 37%.

Bitcoin price made another attempt to break the $30,500 resistance level but failed and corrected gains. It is currently (04:14 UTC) consolidating around $30,000 and remains in danger of falling below $29,500. BTC is down almost 2% in a day and 4% in a week.

Likewise, most major altcoins face key hurdles. ETH bulls are struggling to keep the price above $2,000. XRP is now well below the $0.45 resistance. ADA is still struggling below the $0.60 resistance zone.

Total market capitalization

Source: tradingview.com

bitcoin price

After a slight downward correction, the price of bitcoin began a new increase. BTC has broken through the $30,000 resistance zone. It even tried to rise above the $30,500 level, but the momentum was not enough, and the price corrected the increase. Immediate support is near the $29,500 level. The next major support is near the $29,000 level, below which the price could continue to lose.

On the downside, initial resistance is near the $30,500 zone. The next key resistance is still near the $31,500 level, above which the price could rise.

Ethereum price

The price of Ethereum has also been trying to rise steadily above the $2050 level. However, the bears defended the key $2,120 resistance zone. Now the price is moving down and approaching the $2,000 support zone. The next major support is near the $1,980 level, below which the price could drop to $1,920. ETH is down over 1% on the day and 13% on the week.

On the other hand, the immediate resistance lies near the $2,080 level. The key resistance lies around $2120, above which the price could get bullish momentum.

Price of ADA, BNB, SOL, DOGE and XRP

Cardano (ADA) made another attempt to break the key $0.60 resistance zone. However, the bulls failed to gain strength and the price dropped to $0.550. The next major support is around $0.52.

BNB failed to test resistance at $320 and peaked near $312. It is now consolidating around the $300 level, below which there is a risk of a move to $288.

Solana (SOL) is consolidating around the $55 level. The next key support is near the $52 level. A break below $52 could put a lot of pressure on the bulls.

DOGE moves down to the level of 0.085 USD. If there are additional losses, the bulls may gain a foothold near the $0.0820 level. The next big support is $0.0800.

Price XRP failed to clear the $0.45 resistance and is now stuck around the $0.42 level. The main support lies at $0.40 where the bulls can take a position.

Other altcoins today

Many altcoins are still in the red, including DOT, AVAX, NEAR, FTT, MANA, ICP, FIL, MKR, GRT, CRV, CELO and BAT. XCN, on the contrary, gained momentum and jumped more than 37%, passed the level of 0.135 USD and became today the leader among the 100 largest crypto assets by market capitalization. The price has also risen by more than 30% in a week.

Overall, the price of bitcoin is still consolidating around the $30,000 level. If BTC drops below the $29,000 support, the bears could get stronger in the near future.

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