Bitcoin and Ethereum Consolidate, DOGE and STX Rally

 

• Bitcoin price is consolidating near the USD 21,000 level.
• Ethereum settled above USD 1,200, XRP faced sellers near USD 0.375.
• DOGE and STX are the best performers today.

Bitcoin price remained supported above the USD 20,500 zone and BTC was able to climb above the USD 21,200 level, but it stayed below the USD 22,000 zone. It is currently (04:05 UTC) consolidating near USD 21,200 and is down over 1% in a day and up 3% in a week.

Similarly, most major altcoins are trading in a range. ETH climbed above USD 1,250, but struggled near USD 1,280 and moved lower. XRP is consolidating above USD 0.350 while ADA is fluctuating around USD 0.50.

Total market capitalization

Bitcoin price

After a clear move above the USD 21,200 level, bitcoin price was able to continue higher and climbed above the USD 21,800 level, but there was no test of USD 22,000. The price corrected gains and traded below USD 21,500. It is now facing resistance near the USD 21,500 zone. The next major resistance is now near USD 21,800. A close above the USD 21,800 and USD 22,000 levels might start a stronger increase.

On the downside, an initial support is near the USD 20,500 level. The main weekly support is near the USD 20,000 zone, below which the price could start a sharper decline.

Ethereum price

Ethereum price also started an upward move above the USD 1,150 resistance. ETH was able to surpass USD 1,250 before it faced sellers near the USD 1,280 zone. The price is now hovering near USD 1,220 and is down over 1% in a day and up 8% in a week. The next major resistance is near USD 1,300, above which ETH could rise towards the USD 1,350 level.

On the downside, an initial support is at USD 1,180. The next major support is near USD 1,120, below which the price could revisit USD 1,000.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) was able to surpass the USD 0.50 resistance. However, the upsides were limited and the price corrected gains and is now fluctuating around USD 0.50. If there are more losses, the price could test USD 0.465.

BNB extended gains above the USD 242 level but failed near USD 245. It is now consolidating near USD 237 and is unchanged in a day.

Solana (SOL)moved below USD 40 before returning to this level again. The next major support is near USD 38, below which there is a risk of a move towards the USD 35 level.

DOGE surged above the USD 0.0650 resistance zone. The price is up over 10% and trading above the USD 0.072 level. The next major resistance is near the USD 0.0775 level. A clear move above the USD 0.0775 level could send the price towards the USD 0.082 level. DOGE is also up 24% in a week.

XRP price settled above the USD 0.35 resistance. It is now facing resistance near the USD 0.375 level, above which it could rise towards the USD 0.40 level.

Other altcoins market today

A few altcoins are in the green zone, including TRX, ETC, STX, UNI, APE, CAKE, KAVA, and DCR. Out of these, ETC is showing positive signs above the 17.20 level as the price is up 5%. STX is up around 10% and is trading above USD 0.45. It’s also up 24% in a week. 

Overall, bitcoin price is consolidating near the USD 21,000 level. If there is a downside extension, BTC might find strong bids near the USD 20,000 zone.

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