Bitcoin and Ethereum Consolidate, ZIL and ZRX Rally
- Bitcoin price is struggling to gain pace above USD 42,000.
- Ethereum is consolidating near USD 3,100, XRP is stuck near USD 0.75.
- ZIL jumped 19% while ZRX rallied over 50%.
Bitcoin price climbed above the USD 41,500 level, moved above USD 42,000 but struggled near USD 42,200. It is currently (04:05 UTC) consolidating gains above USD 41,600 and might remain supported near USD 41,200. BTC is up almost 1% in a day and over 1% in a week.
Similarly, most major altcoins remain supported and might eye another increase. ETH tested the USD 3,150 resistance zone before correcting lower. XRP failed to climb above the USD 0.78 resistance. ADA struggled to clear the USD 0.98 resistance zone.
Total market capitalization
After a move above USD 41,500, bitcoin price extended its increase and was able to surpass the USD 42,000 zone. However, the bulls struggled near the USD 42,200 level. The price corrected lower and traded below USD 41,500, before recovering. After the USD 41,200 support zone, the next major support is near USD 40,800, below which the price might revisit USD 40,000.
An immediate resistance on the upside is near the USD 42,000 level. The next key resistance could be USD 42,200, above which the price may perhaps start another increase.
Ethereum price gained pace above the USD 3,120 resistance. ETH even spiked above the USD 3,150 resistance zone, but there was no upside continuation. The price is now consolidating gains below USD 3,100, with an immediate support at USD 3,080. The next major support is near the USD 3,050 level, below which the price could test USD 3,000.
On the upside, the USD 3,150 level might present resistance. The next key resistance might be near the USD 3,220 level.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) attempted a steady move above the USD 0.95 level. However, it failed to clear the USD 0.98 resistance zone. It is now consolidating below USD 0.95 and might test the USD 0.932 level.
BNB extended gains above the USD 425 resistance level. It tested the USD 432 resistance zone, where the bears emerged. It is back to USD 420, and, if it continues correcting lower, it may perhaps find bids near USD 415.
Solana (SOL) again failed to clear the USD 110 resistance zone. It is moving lower and might test the USD 102 support. The main support on the downside is now forming near the USD 100 level.
DOGE failed to stay above the USD 0.145 resistance. It corrected lower and now approaching the USD 0.140 level. If the bears remain in action, the price might slide towards the USD 0.135 support.
XRP price is moving lower and approaching the USD 0.750 support. If the price stays above USD 0.75, it could start a fresh move towards USD 0.780. The main resistance is still near USD 0.800.
Other altcoins market today
A few altcoins are up over 4%, including XMR, APE, THETA, CAKE, EOS, ZEC, CVX, ZIL, ZRX, and KAVA. Out of these, ZRX rallied over 54% and broke the USD 1.10 level, increasing its weekly gains to 45%. ZRX also more than doubled in a month. Meanwhile, ZIL is the best performer among the top 100 cryptoassets by market capitalization today as it jumped 19% and surpassed USD 0.13, increasing its weekly gains to 17%.
Overall, bitcoin price is still trading above the USD 41,000 level. If BTC gains pace for a move above the USD 42,000 level, it could accelerate higher in the coming sessions.