Bitcoin and Ethereum Struggle To Gain Momentum, DOGE and SHIB Rally
Bitcoin price started a minor recovery wave above the USD 21,500 level. BTC was able to clear the USD 21,650 resistance zone. It even spiked towards USD 21,900 and is currently (11:20 UTC) struggling to continue higher.
Similarly, most major altcoins are facing hurdles. ETH climbed above the USD 1,680 and tested the USD 1,720 resistance. XRP is still facing resistance near the USD 0.35 zone. ADA might soon test the USD 0.475 resistance.
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After a steady move above the USD 21,500 level, the bitcoin price extended its gains. BTC was able to clear the USD 21,650 resistance. It spiked towards the USD 22,000 level, but the bears remained in action. The price failed to test the USD 22,000 resistance and dipped a few points. On the downside, initial support is near the USD 21,500 level. The next key support sits near the USD 21,000 zone, below which the price could accelerate lower.
If there is another increase, the price may test the USD 22,000 resistance. The next resistance is near the USD 22,500 level, above which the price might rise to USD 23,200.
Ethereum price also climbed higher steadily above the USD 1,650 level. ETH even broke the USD 1,700 level and tested the USD 1,720 resistance zone. The next key resistance is near the USD 1,750 level, above which the price could rise towards the USD 1,800 resistance zone.
If there is a downside correction, the price might find support near the USD 1,650 zone. The next major support is USD 1,620, below which the price could drop back to USD 1,550.
Cardano (ADA) is consolidating above the USD 0.45 zone. It is now facing hurdles near the USD 0.465 resistance. The first major resistance is still near the USD 0.475 zone.
BNB managed to move above the USD 300
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