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Bitcoin & Ethereum Near Breakdown Support as AAVE Accelerates, What’s Next for BTC, ETH & AAVE?

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VOC, Voice of Crypto, Bitcoin, BTC

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?

Total market capitalization, Bitcoin

Total market capitalization | Source: Coincodex 

Bitcoin Price

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

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.

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ADA, BNB, SOL, DOGE, and XRP Price

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.

Other Altcoins Market Today

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.

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Adekunle Joshua is a cryptocurrency writer. He has a deep understanding of the technology and how it can be used to improve the world. James is a strong advocate for using cryptocurrency to make the world a better place. He wants to help people understand the technology and use it to improve their lives.

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