- Bitcoin price is facing resistance near $20,500 and $21,200.
- Ethereum is struggling near $1,150, XRP is stuck near $0.32.
- CEL is the best performer among the top 100 coins today.
After starting a rallying wave above the $20,000 resistance zone, bitcoin is facing a key hurdle near $20,500 and $21,200. Currently (04:59 UTC) it is consolidating above $20,500 and has risen almost 3% in one day and 9% in one week.
Similarly, most major altcoins are stuck near key roadblocks. ETH is struggling to clear $1,140 and $1,150. XRP is still consolidating near $0.320. ADA struggled to establish itself above the $0.50 resistance.
Total market capitalization
Learn more: Bitcoin, Ethereum and Crypto Analysts Seek Bottom as Investors in ‘Historically Significant Degree’ of Pain
After a close above the $20,000 level, bitcoin price started trading in a range. BTC attempted a bullish breakout above the $21,000 and $21,200 levels. However, the bears remained active near the $21,200 level. A close above the $21,200 level could open the doors to a steady rise in the short term.
On the downside, an initial support is near the $19,500 level. The next big support is near the $18,800 zone, below which the price could start another drop.
Ethereum price settled above the $1,050 level. On the upside, the price is facing resistance near the $1,140 and $1,150 levels. A close above $1,150 could start a steady rise. The next major resistance is near $1,220, above which the price could rally to the $1,280 level. ETH is up 4% in a day and down 7% in a week.
On the downside, immediate support is at $1,080. The next major support is near $1,050, below which the price could go back to $1,000.
Price of ADA, BNB, SOL, DOGE and XRP
Cardano (ADA) gained pace above the $0.48 resistance. The bulls even attempted a move above the $0.50 level but failed. On the downside, there is a key support forming near $0.45.
BNB broke above the $212 resistance. The next major resistance is near $220. If the bulls continue to act, there are chances that they will move towards the $235 resistance zone. Otherwise, the price could drop to USD 205.
Solana (SOL) rallied above the $32 resistance. It even broke above the $35 level and tested $36.80. The price is now consolidating gains near $35, with strong support near the $32 level. SOL is up 9% in one day and is the best performer among the top 10 coins.
DOGE was able to gain strength above $0.0580. The price even shot above $0.060 and is currently consolidating gains. The next major resistance on the upside is near $0.062.
XRP price is still consolidating above the $0.312 resistance. The price is facing resistance near the $0.328 zone, above which it could rally towards the $0.35 resistance.
Another altcoin market today
Many altcoins are up at least 10%, including AXS, NEAR, MATIC, ICP, LINK, APE, AAVE, SNX, and AR. Meanwhile, CEL jumped 89% in one day and is trading close to $1.20. It’s also up 320% in a week and 64% in a month, but is still down 81% in a year.
Overall, bitcoin price is facing a key hurdle near the $21,200 level. If BTC fails near $21,200, it could start a new drop below $20,000.