Bitcoin and Ethereum Struggle, XRP and LUNA Inch Higher
Bitcoin price started an upside correction above the USD 38,500 level. However, it is struggling to clear the USD 39,200 resistance zone. BTC is currently (11:47 UTC) consolidating above USD 38,600 and might attempt a move above USD 39,200. The price is up almost 2% in a day and down 2% in a week.
Similarly, most major altcoins are facing important hurdles. ETH is now facing a key resistance near USD 2,850. XRP is consolidating losses above the USD 0.60 level. ADA is showing bearish signs below USD 0.80.
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After diving below USD 38,000, bitcoin price started an upside correction. BTC corrected above the USD 38,500 level. However, BTC is facing a strong resistance near the USD 39,000 and USD 39,200 levels. The next major resistance might be USD 39,500, above which the price might rise towards USD 40,000.
On the downside, an initial support is near the 38,350 level. The next major support is near USD 38,200, below which the price might resume its decline.
Ethereum price attempted a recovery wave above the USD 2,820 level. ETH climbed above USD 2,850, but there was no upside continuation. The price is now moving lower and trading near USD 2,800. ETH is up almost 2% in a day and down 4% in a week. An immediate support is near the USD 2,780 level. The next major support is near the USD 2,750 level, below which the price might start a sharp decline.
On the upside, an initial hurdle is near the USD 2,850 level. The next major resistance is near the USD 2,920 level, where the bears might take a stand.
Cardano (ADA) extended decline below the USD 0.78 level and tested USD 0.765. It is now consolidating losses below the USD 0.80 resistance zone. The next key resistance is near the USD 0.820 level, above which
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