Bitcoin price continued to fall below the $20,000 pivot level and even spike down below the $19,500 Support Zone but it is limited by some supports. The consolidating currency is currently trading near $19,800 and has lost 2% in value over the last week.
The majority of major altcoins are also trading in a range above key support. ETH stayed strong above the $1,000 support and has recovered to $1,070. XRP remains risky because there's no telling when it could drop below $0.30. ADA seems to be consolidating near the $0.420 support zone, maybe we'll see a bounce soon?
Bitcoin price continued to fall below $20,000 after a close below it. It even broke below the $19500 level but then found support near $19,200 as bulls were active. The price is now consolidating above the $19,500 level. Luckily the price is trading close to an immediate resistance level. The next major stop would be around $20,500; if this zone holds it could launch another leg up towards $21,200.
On the other side, there is support near $19,500 which is $19,200. If the price drops to this level then it could be signs of a major decline.
Ethereum price has also dropped below the $1,050 support level before bulls rallied around to give it their all. ETh rose steadily to $1,030 and then $1,050. Ethereum is up almost 1% in a day and down over 5%. The price is currently facing resistance near the $1,100 level while the next major resistance lies at $1,200. A successful breach of this last obstacle could start a recovery wave that leads to higher prices.
But on the other end, if the price drops down towards $1,030, then the bears could pull it down below the $1,000 support. If this happens there is no telling how far the price will drop.
Cardano is currently consolidating near the $0.43 level, but it could face resistance if there's an upside correction to this price zone – which would be due south of its current position at around $0.45.
BNB traded around the $220 support zone before rising to $225 where it is currently consolidating. There is a probability that the bears will become active around the $232 and $235 levels.
Solana (SOL) didn't move much and remains above the $32 support level. If the bears succeed in pulling the price below this level it could keep dropping. But it could recover and test the $35 level.
DOGE is consolidating above the $0.060 support level, but an immediate resistance awaits near the $0.0620 level. If it goes above this level then the next support is at $0.0650.
XRP is the best performer among today's top 10 coins as it approaches closer to $0.32, still up almost 2%. The XRP price is currently trading near the $0.32 level, and if there's a bearish reaction it could drop as low as $0.302.
The crypto market is seeing an increase in value with many mentioning the success of certain coins. One such example, AAVE has seen its price go up by 8% (up 20% in a week) and it's now trading above the $70 level. A few altcoins are trying to move higher, including UNI, LTC, XLM, ALGO, APE, EGLD, AAVE, OKB, RUNE, and KLAY.