Bitcoin and Ethereum Consolidate Gains, FIL Rally

Bitcoin and Ethereum Consolidate Gains, FIL Rally
Bitcoin and Ethereum Consolidate Gains, FIL Rally

  • Bitcoin price is consolidating below the USD 24,000 resistance.
  • Ethereum struggles below USD 1720, XRP tested key USD 0.40 resistance.
  • FIL is the best athlete today.

Bitcoin price gained momentum above the USD 24,000 resistance. However, BTC failed to test the USD 25,000 level and is currently (04:06 UTC) consolidating gains near USD 23,350. BTC is down almost 2% on the day and up over 3% in one week.

Likewise, most major altcoins are correcting lower. ETH struggled to hold above $1750 and corrected below $1700. XRP failed to clear the $0.40 resistance zone. ADA may attempt another move against the $0.55 resistance.

Total market value

Source: coincodex.com

Bitcoin price

After a failed attempt above USD 24,500, bitcoin price started a downside correction and traded below USD 23,500. On the downside, an initial support is near the USD 23,200 level. The next major support is near the USD 22,500 zone, below which the price may return to USD 22,000.

On the upside is an immediate hurdle at $23,650. The next major resistance could be $24,250, above which the price could attempt a move towards $25,000.

Ethereum price

Ethereum price made another attempt to clear the USD 1,750 resistance zone. However, ETH failed to gain momentum and started a downside correction below USD 1,700. The price is now trading near the USD 1,690 level and is almost unchanged in a day and up over 5 % in one week. On the downside, an initial support is near the USD 1650 level. The next major support is near the $1,620 zone, below which the price could fall to $1,550.

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On the upside, the price could struggle near USD 1720. The next key resistance is near the USD 1750 level, above which the price could climb to a new multi-week high.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) gained momentum above the USD 0.52 resistance zone. It even attempted a move towards USD 0.55, but the bulls failed to push the price higher. It is now consolidating near USD 0.52.

BNB climbed above the resistance level of USD 288. It even rose towards the resistance level of USD 300, where the bears appeared. It is now moving in an area near USD 285.

Solana (SOL) rose above the resistance at $42. It even rose above $45 before there was a downside correction. On the downside, bulls may remain active near USD 40.

DOGE started a downside correction below the USD 0.0700 support. If there are more losses, the price may fall towards the USD 0.065 support zone.

XRP price gained momentum above the USD 0.35 resistance zone. It even traded near the $0.40 resistance before correcting lower. If the bulls remain in action, they may attempt a move above $0.40.

Other altcoins market today

A few altcoins are in the green zone, including DOT, SHIB, FIL, ICP, APE, HBAR, AAVE, BTT, MIOTA, WAVES and STX. Of these, FIL rose 34%, surpassing the USD 11 level and increasing its weekly gains to 93%. It is the best performer among the top 100 crypto assets by market capitalization today and a week from now.

Overall, bitcoin price is correcting gains and trading below USD 24,000. If BTC falls below USD 23,000, it may even go back to the USD 22,000 support.

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