- Bitcoin cost traded underneath the USD 23,000 level.
- Ethereum tested the USD 1,800 zone, XRP is approaching USD .350.
- DOGE and ADA are lower over 8%.
Bitcoin cost adopted a bearish path underneath the USD 23,500 support. BTC even traded underneath the USD 23,200 support zone. It’s presently (04:00 UTC) battling below USD 23,000 and can still move lower.
Similarly, most major altcoins are gaining bearish momentum. ETH extended losses and tested the USD 1,800 level. XRP is lower 4% and approaching the USD .35 support. ADA declined dramatically and traded underneath the USD .50 support.
Total market capital
Bitcoin cost
Following a close below USD 23,500, the bitcoin cost unsuccessful to begin a recovery wave. BTC continued to be inside a bearish zone and declined underneath the USD 23,200 support. It also broke the USD 23,000 level and began relocating a variety. Now, immediate support is close to the USD 22,720 level. The following major support is close to the USD 22,500 zone, below that the cost could accelerate lower.
Around the upside, the cost might face resistance close to the USD 23,200 level. The following resistance is close to the USD 23,500 level, above that the cost might chance a fresh increase.
Ethereum cost
Ethereum cost also acquired bearish momentum underneath the USD 1,850 level. ETH even traded underneath the USD 1,820 support and tested USD 1,800. It’s now battling to recuperate and can still move lower below USD 1,800. The following major support is USD 1,780, below that the cost may even test the USD 1,750 level.
Around the upside, the cost could face resistance close to the USD 1,850 level. The following key resistance is close to the USD 1,900 level, above that the cost could rise continuously.
ADA, BNB, SOL, DOGE, and XRP cost
Cardano (ADA) acquired bearish momentum underneath the USD .55 support zone. The bears could push the cost underneath the USD .50 support. It’s lower over 8% and approaching the USD .48 support.
BNB is lower over 4%, there would be a move underneath the USD 300 support. Around the downside, the following major support sits at USD 288, below that the cost might dive to USD 275.
Solana (SOL) is lower over 6%, there would be a obvious break underneath the USD 40 support. The cost has become buying and selling close to the USD 38 level, below so it may even test USD 36.20.
DOGE is lower 8%, and also the bears could push the cost below USD .0750. It’s now approaching the USD .0720 support, below so it may test USD .0700.
XRP cost is moving lower underneath the USD .37 level. When the bears stay in action, the cost could even test USD .35. Anymore losses might send it for the USD .335 level.
Other altcoins market today
Many altcoins are gaining bearish momentum, including Us dot, SHIB, AVAX, MATIC, TRX, UNI, NEAR, LINK, BCH, ALGO, FLOW, and FIL. From these, FIL declined 12% and traded underneath the USD 7.25 level.
Overall, the bitcoin cost is showing bearish signs underneath the USD 23,200 level. When the bears stay in action, there might be a drop for the USD 22,000 level.
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