Bitcoin's USD 22,000 Test Fails, Ethereum Consolidating, MATIC Holding Gains
Bitcoin price started a major increase above the USD 21,500 resistance zone. BTC even tested the USD 22,500 resistance before there was a downside correction. It is currently (11:49 UTC) trading around USD 21,600 and might attempt another increase.
Similarly, most major altcoins are eyeing more upsides. ETH trimmed gains and is now consolidating near USD 1,200. XRP spiked above USD 0.355 before it corrected lower. ADA is correcting lower towards the USD 0.45 support.
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After an increase, bitcoin price faced sellers near USD 20,500. BTC started a downside correction and traded below USD 22,000. It even spiked below USD 21,500, but remained stable above USD 21,200. The next major support is near the USD 20,900 zone, below which the price could decline towards the USD 20,500 support level.
On the upside, the price is facing resistance near the USD 22,000 level. The next major resistance is near USD 22,500, above which the price could start another increase.
Ethereum price also followed a similar pattern and started a downside correction from USD 1,275. ETH had declined below the USD 1,220 and USD 1,200 support levels, before returning to USD 1,225. The next major support is near USD 1,180, below which the price could retest the USD 1,120 support zone.
On the upside, the bulls might face resistance near USD 1,240. The next major resistance is near USD 1,275, above which the price could start another increase.
Cardano (ADA) attempted an increase above the USD 0.480 level. However, the bears were active below the USD 0.50 level. The price is now correcting gains and might even test the USD 0.45 level.
BNB was able to clear the USD 245 resistance zone. It failed to test the USD 250 level and corrected lower.
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