Bitcoin Price and Ethereum Hold Crucial Support, RSR Gains 50% In A Week

cryptonews.com:

Bitcoin price declined sharply below the $19,500 support zone. BTC found support near the key $18,500 zone. It is currently (11:00 UTC) correcting losses and facing resistance near the $19,300 level.

Similarly, most major altcoins are slowly correcting losses. ETH tested the main $1,255 support and recovered above $1,280. XRP spiked below $0.42 before the bulls appeared. ADA remained stable above the $0.42 support zone.

After a major decline below $19,500, bitcoin price found support. BTC remained stable near the $18,500 and $18,450 level. It is slowly recovering losses and trading above the $19,000 level. On the upside, the price is facing resistance near the $19,300 level the 50-hour simple moving average. The next major resistance is near $19,500, above which the price might start a steady increase.

If there is no upside break above $19,500, there might be a fresh decline below $19,000. The main breakdown support is near $18,500, below which the price could start another major decline.

Ethereum price also followed a similar pattern after it declined below the $1,300 support. ETH remained stable near the $1,265 and $1,255 levels. The price is now recovering losses and trading above the $1,300 level. On the upside, the price is facing resistance near the $1,330 level the 50-hour simple moving average. The next major resistance is near $1,350, above which the price might start a steady increase.

If there is no upside break above $1,330, there might be a fresh decline below $1,285. The next major support is $1,255, below which price could even test $1,200.

Cardano (ADA) gained pace below the $0.45 support. However, the bulls were active near the $0.425 level. The price is slowly rising, but it is facing many hurdle near $0.44