Bitcoin and Ethereum Stuck Below Resistance, TFUEL Surges

cryptonews.com:

Bitcoin price formed a base above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) consolidating and facing a strong resistance near the USD 22,000 zone.

Similarly, most major altcoins are struggling to gain bullish momentum. ETH spiked higher but struggled near the USD 1,720 resistance zone. XRP is facing a barrier near the USD 0.35 resistance. ADA could gain pace if it clears the USD 0.475 resistance.

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After a steady move, the bitcoin price was able to clear the USD 21,500 resistance zone. BTC even climbed above the USD 21,650 resistance. However, the bulls struggled to gain strength, and the price remained well below the USD 22,000 resistance zone. To continue higher, the price must clear the USD 22,000 resistance zone. The next resistance is near the USD 22,500 level, above which the price might test USD 23,200.

On the downside, an initial support is now near the USD 21,400 level. The next key support sits near the USD 21,000 zone, below which the price could start another decline.

Ethereum price also gained strength above the USD 1,650 level. ETH climbed above the USD 1,680 and USD 1,700 levels. However, the bears remain active near 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 another decline, the price might find buyers near the USD 1,650 support zone. The next major support is USD 1,600, below which price could start another decline.

Cardano (ADA) is consolidating above the USD 0.45 zone. The price is struggling to clear the USD 0.475 resistance zone. If the bulls succeed, the price might rise towards the