Bitcoin and Ethereum Still Consolidate, MKR Outperforms

cryptonews.com:

Bitcoin price started a downside correction below the USD 30,000 level before moving back. BTC is now (04:07 UTC) consolidating near USD 30,300 and facing hurdles on the way toward USD 31,000. A clear move above USD 31,000 and USD 31,500 could open the doors for a stronger increase. BTC is unchanged in a day and a week.

Similarly, most major altcoins are stuck in a range. ETH is still trading above the USD 2,000 support. XRP might gain pace if there is a move above the USD 0.45 resistance. ADA could revisit the USD 0.60 resistance zone.

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After a downside correction, bitcoin price found support above the USD 29,000 level. BTC formed a base and recovered losses above USD 30,000. It is now consolidating above the USD 30,000 level. An immediate resistance is near the USD 30,600 zone. The next key resistance is now forming near the USD 31,500 level. A close above the USD 31,500 zone could start a fresh increase.

If there is another decline, the price might find support near USD 29,500. The next major support is near the USD 29,000 level, below which the price could even test USD 28,000.

Ethereum price also started a downside correction below the USD 2,050 level. ETH even spiked below the USD 2,000 level. However, the bulls were active above USD 1,975. ETH is now back near USD  2,070 and is unchanged in a day and down almost 8% in a week. The first major resistance is near USD 2,120, above which the price could rise towards USD 2,200.

On the downside, the price might find bids near USD 2,000. The next major support is near the USD 1,980 level, below which the price might visit the USD 1,920 support.

Cardano (ADA) corrected lower below USD 0.58. However, downsides were limited below the USD 0.55 level. The