Cryptocurrency market on July 21: Bitcoin and other altcoins show signs of recovery
Cryptocurrency Markets July 21st by cryptonew: Bitcoin price found support above $ 29,250 and started an upward correction. BTC climbed above the $ 30,000 mark and is now (04:31 UTC) showing signs of recovery. If it can successfully hold above $ 30,000, the price could test the $ 31,000 resistance.
Likewise, most of the major altcoins are attempting a bullish correction. ETH rebounded above the $ 1,750 and $ 1,780 resistance levels. XRP holds the support area of $ 0.520 but could face a hurdle near $ 0.550.
Cryptocurrency market on July 21: Bitcoin price
After the Bitcoin price fell below $ 30,000, it stayed firm at $ 29,300. BTC formed a base and broke key resistance near USD 30,000 and USD 30,200. If there is a close above $ 30,000, the price could rebound towards the $ 31,000 resistance area.
On the downside, the $ 29,500 level is a bit of support. The key support for the next decline is near the $ 29,250 mark.
Cryptocurrency Market July 21: Ethereum Price
Ethereum price has also found a good support base above the USD 1,720 level. ETH is recovering and trading above $ 1,850. The next major resistance is near the $ 1,880 level.
If it drops again, the price can test the $ 1,750 level. The main breakout support is now forming near the $ 1,720 mark.
Cryptocurrency Market July 21: ADA, LTC, DOGE and XRP prices
Cardano (ADA) tested the $ 1.02 support and is now back above $ 1.10. After breaking this level, a rally to USD 1.20 is possible.
Litecoin (LTC) soared and tested the USD 105 support. It is currently consolidating losses and trading near $ 110. Immediate resistance is near $ 112, above which the price could rebound towards $ 120. On the flip side, the bulls can continue to operate near $ 100 and $ 102.
Dogecoin (DOGE) rose below the USD 0.165 support and traded near the USD 0.155 level. It is currently up nearly 11% and trades near the key resistance at $ 0.180, followed by a breakout of $ 0.20.
XRP price rose below the USD 0.520 support area. The price is currently recovering and testing $ 0.55. Any further gains could lift the pace towards $ 0.600.
Cryptocurrency Market July 21: Another Altcoin Market
Several altcoins have rebounded over 8% including RUNE, FLOW, COMP, AXS, XEM, FTT, ENJ, STX, CELO, HT, QNT, DOGE, ONE, DCR, RVN, and MANA. Of these, RUNE rebounded more than 15%, breaking the $ 3.80 mark.
Overall, Bitcoin price is attempting an upward correction above $ 29,800. When BTC levels off above $ 30,000, it can rebound towards $ 31,000 and $ 31,200.
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