- Bitcoin price declined over 4% and tested USD 43,000.
- Ethereum dropped almost 5%, XRP dived below the USD 0.80 support.
- ADA, AVAX, DOT, and DOGE are down 7%-11%.
Bitcoin price remained in a bearish zone and declined below the USD 43,500 support. It is currently (04:07 UTC) down over 4% and is trading near USD 43,300.
Besides, most major altcoins are gaining bearish momentum. ETH is down almost 5% and there was a move below the USD 3,200 support. XRP declined below the USD 0.80 support while ADA is down almost 7% and there was a move below USD 1.10.
Total market capitalization
Bitcoin price
After a sharp decline, bitcoin price extended losses below the USD 45,000 level and even briefly spiked below the USD 43,000 level. The next major support is near USD 42,500, below which the price might continue to move down. In this case, the price may perhaps test the USD 42,000 support.
On the upside, an initial resistance is near the USD 43,500 level. The next key resistance is near the USD 44,200 level, above which the price could rise towards the USD 45,000 level.
Ethereum price
Ethereum price also gained bearish momentum below the USD 3,320 support level. ETH traded below the USD 3,250 and USD 3,200 levels. It is now struggling to stay above the USD 3,150. The next major support is near the USD 3,120 level, below which there is a risk of more downsides.
On the upside, the price might face resistance near USD 3,200. The next key resistance might be near the USD 3,220 level, above which the price may perhaps rise to USD 3,300.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) declined almost 7% and there was a move below the USD 1.10 level. It even spiked below the USD 1.05 level. If the bears remain in action, the price could slide towards the USD 1.00 level.
BNB declined below the USD 432 support level and tested the USD 425 support level. If there are additional losses, the price could decline toward the USD 405 level.
Solana (SOL) is down 8% as the bears pushed the price below the USD 115 support. The next major support is near the USD 105 level, below which the price may perhaps test USD 100.
DOGE declined sharply below the USD 0.155 level. It is down almost 11% and there was a move below the USD 0.145 level. It is now consolidating near USD 0.142, below which the price could test USD 0.135.
XRP price declined almost 5% as there was a close below USD 0.80. The price is now approaching the USD 0.75 level. Any more losses may possibly send the price towards the USD 0.72 level.
Other altcoins market today
Many altcoins are down over 5%, including LUNA, AVAX, DOT, SHIB, MATIC, CRO, NEAR, ATOM, LINK, UNI, BCH, FTT, and ALGO. Meanwhile, RUNE and CELO are down 12% and 15%, respectively.
Overall, bitcoin price is showing bearish signs below USD 43,500. If BTC fails to recover losses, there is a risk of a move towards USD 42,500 or even USD 41,200.
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Source: Cryptonews
