Today's Best Performances Came from LINK and THETA

Bitcoin partially recovered after falling from $31,500 to $30,000 earlier in the day and is now trading around $30,500. BTC is up 3% in one day and down 4% in a week. Similarly, most major altcoins face significant hurdles. ETH failed to stay above the $1,850 resistance zone. XRP is falling below $0.40. ADA corrected but is still trading around $0.65.

Bitcoin price failed to break past the $31,500 resistance zone after a steady rise. BTC corrected and traded below $30,000 before recovering towards $30,500. An initial support on the downside is near the $30,000 level. The next major support is near the $29,500 area, below which the price could start a sharp decline. On the upside, the price could face sellers near the $31,000 level. The next key resistance is near $31,500, above which the price could start a steady rise.

Ethereum price peaked below the $1,880 level. ETH failed to stay above the $1,850 level and it corrected below $1,800 before it bounced back above it. ETH rose 3% in one day and fell 7% in one week. An initial support on the downside is near the $1,800 level. The next magic support is near $1,750, below which the price could start a strong decline. On the upside, the price could continue to face sellers near $1,850. The main resistance is currently near $1,880, above which the price could rise steadily.

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Several altcoins are in the green, including AVAX, MATIC, CRO, LINK, FTT, ALGO, THETA, HNT, NEO, and MIOTA. Apart from these, LINK and THETA, which increased by more than 13% in one day, became the best performing cryptocurrencies among the top 100 cryptocurrencies by market capitalization today. For LINK $8.50, THETA surpassed $1.35, bringing its weekly earnings to about 2%. LINK increased 11% in a week.

Cardano (ADA) climbed above the $0.62 resistance and tested $0.65, but its upside was limited. If there is a clear move above $0.65, the price could rally towards $0.70. ADA is the best performer among the top 20 coins, up more than 10% in one day. BNB, on the other hand, started a recovery above the $285 level and it is currently consolidating near the $290 level. The next key resistance is at $295, above which the price could rise towards the $312 resistance area. XRP price struggled to stay above the $0.40 level. A close below $0.40 could increase the pressure on the bulls. There is a key resistance forming near the $0.42 level on the upside.