Bitcoin and Ethereum Recover Losses, ETC and KAVA Rally

cryptonews.com:

Bitcoin price declined below the USD 29,200 support zone. However, BTC remained well bid above the key USD 28,500 support zone. It is currently (04:10UTC) trading above USD 30,140 and is up 3% in a day, trimming its weekly losses to almost 1%.

Similarly, most major altcoins are recovering losses. ETH is back above the USD 2,000 resistance zone. XRP spiked below USD 0.40 before recovering. ADA could revisit the USD 0.55 resistance.

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After a fresh decline, bitcoin price found support above the USD 28,500 level. BTC remained well bid and started a fresh increase above the USD 30,000 resistance level. On the upside, the first key resistance is near USD 30,500. The next key resistance is near the USD 31,200 level, above which the price could rise steadily.

An immediate support is near the USD 29,500 level. The next major support is near the USD 29,200 level, below which the price could revisit the USD 28,500 support zone.

Ethereum price also recovered losses from the USD 1,920 support zone. ETH climbed above the USD 1,950 and USD 2,000 resistance levels. ETH is up 1% in a day and down 4% in a week. On the upside, an immediate resistance is near the USD 2,020 level. The next major resistance is near USD 2,080, above which the price could gain bullish momentum.

On the downside, an initial support is near the USD 1,950 level. The next key support is near the USD 1,920 level, below which the decline might accelerate.

Cardano (ADA) spiked below the USD 0.50 support before the bulls emerged. The price is now back above USD 0.52. The key breakout zone is still near the USD 0.55 level, above which the price could rise to USD 0.60.

BNB is gaining pace above the USD 325 resistance. It even cleared USD 332 and might