Bitcoin and Ethereum Still Range-Bound, LINK and THETA Outperform

cryptonews.com:

After dropping from USD 31,500 to USD 30,000 earlier today, bitcoin somewhat recovered and is currently trading near USD 30,500 again. BTC is up 3% in a day and down 4% in a week.

Similarly, most major altcoins are facing key hurdles. ETH failed to stay above the USD 1,850 resistance zone. XRP is moving lower below USD 0.40. ADA corrected gains but is still near USD 0.65.

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After a steady increase, bitcoin price failed to clear the USD 31,500 resistance zone. BTC corrected lower and briefly traded below the USD 30,000 zone before recovering toward USD 30,500. On the downside, an initial support is near the USD 30,000 level. The next major support is near the USD 29,500 zone, below which the price could start another sharp decline. 

On the upside, the price might face sellers near the USD 31,000 level. The next key resistance is near USD 31,500, above which the price could start a steady increase.

Ethereum price topped below the USD 1,880 level. ETH failed to stay above the USD 1,850 level and corrected below USD 1,800 before returning above this level. ETH is up 3% in a day and down 7% in a week. On the downside, an initial support is near the USD 1,800 level. The next major support is near USD 1,750, below which the price might start a stronger decline.

On the upside, the price might continue to face sellers near USD 1,850. The main resistance is now near USD 1,880, above which the price could rise steadily.

Cardano (ADA) climbed above the USD 0.62 resistance and tested USD 0.65, but the upsides were limited. If there is a clear move above USD 0.65, the price could rise towards USD 0.70. ADA is still the best performer among the top 20 coins as it’s up over 10% in a day.

BNB started a recovery wave