Bitcoin and Ethereum Consolidate, WAVES and ZIL Outperform

cryptonews.com:

Bitcoin price climbed above the USD 39,500 resistance level and tested the USD 40,000 resistance, where it faced sellers. It is currently (11:49 UTC) consolidating gains near USD 39,500 and is up 1% in a day and a week.

Similarly, most major altcoins are consolidating gains. ETH struggled above USD 2,950 and USD 2,960. XRP is moving lower below USD 0.65 while ADA is correcting gains from the USD 0.90 resistance.

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After a decent increase, bitcoin price struggled to clear the USD 40,000 resistance zone. BTC started a downside correction and is testing the USD 39,500 level. The next major support is near USD 39,200, below which the price might test USD 38,800. Any more losses might send the price towards the USD 38,000 level.

On the upside, an initial resistance is near the USD 39,850 level. The first major resistance is near the USD 40,000 level, above which the price may perhaps clear the USD 40,350 resistance zone.

Ethereum price struggled to gain strength above the USD 2,950 and USD 2,960 resistance levels. ETH is moving lower and might decline below USD 2,920. It’s still up almost 2% in a day and over 1% in a week. The next major support is near the USD 2,900 level, below which the price might retest the USD 2,850 support.

If there is a fresh increase, the bulls might aim for a clear move above USD 2,950. If they succeed, the price could rise towards the main USD 3,000 resistance. The next key resistance is near the USD 3,050 level.

Cardano (ADA) spiked and tested the USD 0.90 resistance. It failed to clear this level and is currently correcting gains. It is trading near USD 0.865 and might test the USD 0.85 support.

BNB climbed above the USD 400 resistance. It even surpassed the USD 405 level and