Bitcoin price settled above the $20,000 level after correcting to the downside. But BTC is facing many hurdles, starting at $20,500. The first major resistance is currently near $21,000 and $21,200. A close above the $21,200 level might increase the chances of a break towards the $22,500 level. An initial support on the downside is near the $20,000 level. The next major support is near the $19,500 area, below which the price could gain bearish momentum.
Ethereum price followed a similar path and it is currently consolidating above the $1,050 level. On the upside, the price is facing resistance near the $1,120 level. The next major resistance is near $1,150, above which the price might surpass the $1,200 resistance area. ETH is down about 2% in a day and 13% in a week. An initial support on the downside is at $1,050. The next major support is near $1,000, below which the price could gain bearish momentum.
Polygon (MATIC) Up 21%
A few altcoins were up more than 5%, including MATIC, LTC, UNI, FLOW, MANA, THETA, SAND, BAT, and ENJ. Apart from these, MATIC rose 21% and surpassed the $0.48 level, outperforming the top 100 cryptocurrencies today. MATIC increased 12% in one week. Meanwhile, after yesterday's rise, WAVES dropped 13% to near $6, showing its worst performance.
XRP price is consolidating near the $0.32 zone. If the bulls fail to hold the $0.30 support, there are chances of a harder decline in the coming sessions. Cardano (ADA) corrected below the $0.465 support. The bulls are currently holding the $0.45 support. Any more losses could lead to a decline towards the $0.42 support area. Solana (SOL) is stuck near the $35 resistance. If there is a fresh increase, bears may appear near the $38 level. The main breakout zone is around $40, above which the price could rally to $50. DOGE fluctuates near the $0.0620 zone. The closest resistance is at $0.065. A clear move above the $0.065 level could pave the way for a rise towards the $0.070 level. BNB is consolidating near the $220 level. The first major resistance on the upside is near $225. The main resistance is near the $230 level, above which the bulls are aiming for a steady rise towards the $250 level.