The price of the largest cryptocurrency by market capitalization Bitcoin struggled to break through the resistance level of in the $48.500 zone and this caused the asset to start another decline. Currently (13:06 UTC) it is trading below $46.000 and may even drop below $44.500.
Likewise, most altcoins are down. ETH can continue falling towards the $3.650 level. XRP pared gains and closed below $0,865. ADA is approaching the $1,20 support zone.
In this article, we will discuss:
Bitcoin price
After another breakout near $47.500, the bitcoin price started a new fall. BTC traded below the $46.500 level and could revisit $45.500 soon. If there is a break below the $45.500 level, the price could drop further. If the bears are successful the price could drop to the $43.200 level.
On the upside, initial resistance is near $46.500. The first major resistance is near the $47.200 zone, above which the price could revisit the $48.500 resistance.
Ethereum Price
O ethereum price it is now trading well below the $4.000 level. ETH has traded below $3.850 and there is a risk of a move to the $3.750 level. The next key support is near the $3.650 level, if the bears are successful the price could drop to $3.550.
If there is a further increase, the price could perhaps face resistance near $3.920. The next key resistance is near the $4.000 level.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) is moving lower and there has been a clear break below the $1,22 support level. The next key support is near the $1,20 level, below which bears can test the $1,185 level.
The coin binance (BNB) may soon revisit the $500 identifier. If bulls fail to protect the $500 level, the price could drop further. In that case, the BNB could test the $465 level.
Left (LEFT) it fell 6% and there was a break below the $175 support. The next key support is near the $165 level. A break below $165 could push the price to the $150 support.
O DOGE it fell 4% and is trading below $0,175. The next big support is near $0,160, below which the price may extend losses. The next stop for bears may be the $0,150 support zone.
XRP failed to stay above the $0,900 level. As a result, there was a sharp negative correction below $0,880 and $0,850. The price is now consolidating and may even test the $0,832 support zone.
