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Ethereum and Bitcoin Recover Attempt, SAND and LINK Accelerate

Bitcoin is regaining strength above the crucial USD 19,500 support area and is running into stiff opposition close to the USD 20,500 support area. BTC has increased by almost 1% over the past day and week and is currently trading close to USD 19,900 (03:50 UTC).

Bitcoin price
The price of bitcoin saw a couple rejections recently close to the USD 20,500 resistance area. BTC was unable to gather momentum and fluctuated over the USD 19,500 support. Its current price is below the USD 20,000 barrier level. The next obstacle is located close to the USD 20,200 level. The biggest obstacle is still located close to the USD 20,500 mark, above which the price may begin a more significant ascent.

Similar challenges affect the majority of significant altcoins. ETH is having difficulty gaining momentum above $1,600 and $1,620. Near USD 0.335, XRP is running with resistance. After picking up speed, ADA is currently trying to move above the USD 0.50 resistance.

On the downside, a preliminary support is located close to the USD 19,650 mark. The key weekly support is still close to the USD 19,500 region; below this level, the price may start to go downward.

On the downside, a temporary support is currently located close to the $1,550 mark. Under USD 1,500, the primary weekly support level, the price might go as low as USD 1,420.

Ethereum price
Also having trouble breaking through the USD 1,600 and USD 1,620 barrier levels is the price of ethereum. It has gained roughly 2% in a day and 10% in a week, and is currently consolidating above the USD 1,550 mark. It has to stabilise between USD 1,600 and USD 1,620 in order to begin a robust climb. The price in this scenario can increase toward the USD 1,700 resistance.

ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) was able to bounce back and retake USD 0.48. It currently encounters resistance close to the USD 0.50 level. A stock that had a great week was ADA, which increased by over 15%.

BNB was unable to overcome the USD 288 barrier. It is now trading below the USD 280 level. The price may return to the USD 272 support area if there is a further downturn.

The price of Solana (SOL) has risen again above USD 32. An immediate resistance is near the USD 32.50 level. The first significant barrier is located close to USD 33.20; if overcome, the price may increase to USD 35. DOGE is now trading higher than USD 0.062. The price is encountering resistance upward between USD 0.0635 and USD 0.065. A close above USD 0.065 might send DOGE towards USD 0.070.

The XRP price is finding it difficult to get past the USD 0.335 resistance level. Near USD 0.35 is where the biggest barrier is, and if it is crossed, XRP may begin a sharp surge. Other altcoins market
DOT, MATIC, SHIB, LEO, UNI, ATOM, LINK, NEAR, SAND, CAKE, HOT, and RVN are a few other altcoins that are increasing. SAND and LINK increased by over 5%, ranking among today’s top performers. SAND increased its weekly gains to almost 3% as it crossed the USD 0.97 mark, and LINK achieved the USD 7.20 mark, boosting its weekly gains to 14%. Overall, the price of bitcoin is still having trouble breaking through the USD 20,500 barrier area. A close above USD 20,500 could start a stronger increase. If not, it might fall under USD 19,500.

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  • Ethereum and Bitcoin Recover Attempt, SAND and LINK Accelerate
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