Bitcoin and Ethereum Consolidate, AAVE and CAKE Jump
Bitcoin price made another attempt to clear the USD 41,550 resistance zone. However, BTC failed to gain momentum and corrected lower. It is currently (04:06 UTC) consolidating near USD 40,500 and might correct lower to USD 40,000.
Similarly, most major altcoins are also moving lower. ETH failed to stay above USD 2,800 and might test USD 2,720. XRP spiked above USD 0.80, but faced a strong selling interest. ADA tested the key USD 0.85 resistance.
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After a failed attempt to clear USD 41,550, bitcoin price corrected lower and is now testing USD 40,500, having dropped by 1% in a day. The next key support is near the USD 40,000 level, below which the price may perhaps revisit the USD 39,000 support zone.
If there is a fresh increase, the price might face resistance near USD 41,000. The next key resistance is near the USD 41,550 level, above which the price could start a steady increase in the coming sessions.
Ethereum price was able to clear the USD 2,800 resistance level. However, ETH failed to test the USD 2,850 level, corrected lower and is trading near USD 2,770. If there are additional losses, the price may perhaps test the USD 2,720 support level.
On the upside, an initial resistance is near the USD 2,820 level. The next major hurdle is now forming near the USD 2,850 level.
Cardano (ADA) attempted an upside break above the USD 0.85 resistance but failed. It is now consolidating above the USD 0.820 support. If there is a downside reaction, the price might find support near USD 0.80.
BNB climbed above the USD 388 resistance level. However, there was no upside continuation above USD 392. The price declined to USD 385 and might correct lower towards the USD 380 level.
Solana (SOL) gained pace above the
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