Bitcoin price started a decent recovery after trading at weekly lows around $37,200 and is testing the $39,000 level. Similarly, most major altcoins face significant hurdles. ETH could try to gain momentum above $2,620 and $2,650. XRP needs to surpass $0.75 for a strong increase. ADA is struggling to stay above the $0.80 support.
After a fresh decline, bitcoin price found support near $37,200. BTC started to recover and it surpassed the $38,500 resistance. On the upside, the price might face resistance near the $39,250 level. The main resistance is still around $40,000, above which the bulls could aim for a bigger increase. If there is no upside break, the price could dip below the $38,000 support. The next key support is near the $37,200 level, below which the price could restart the downtrend.
Ethereum price found support near the $2,440 zone. EHT started a steady recovery and settled above $2,550. It could try to make a move above $2,620 soon. The next major resistance is near the $2,650 level, above which the price could climb towards $2,720. If the price fails to gain momentum, it could revisit the $2,500 region. The next key support is near the $2,440 level, below which the price could decline further.
Several altcoins were up more than 5%, including LEO, XMR, THETA, HNT, WAVES, GRT, ZEC, AAVE, GALA, CELO, and AR. Apart from these, THETA is targeting an upside break above $3.00. The price is up about 10% in one day, cutting its weekly losses to 12%. Meanwhile, SNX and ZEC rose 10% and 13% respectively. While SNX is down 6% in one day, ZEC has wiped out all of its weekly losses and is now up more than 1% in the last 7 days. Whatever the case, WAVES outperformed all of these coins.