Bitcoin and Ethereum at Risk of More Losses, XRP, MATIC and SOL Down 4%-8%
Bitcoin price settled below the USD 22,000 level. BTC is currently (11:44 UTC) struggling to stay above the USD 21,000 level. If the bears remain in action, there is a risk of a move towards the USD 20,000 support zone.
Similarly, most major altcoins are showing bearish signs. ETH could gain bearish momentum below the USD 1,400 level. XRP might continue lower towards the USD 0.32 support. ADA is signaling a move towards the USD 0.45 support.
Total market capitalization
After a downside break, bitcoin price settled below the USD 21,500 support zone. BTC even broke the USD 21,200 level and is currently struggling to stay above the USD 21,000 level. If there is a close, the price might dive towards the USD 20,500 support level. The next major support is near the USD 20,000 zone, below which the price could test USD 19,200.
On the upside, an immediate resistance is near the USD 21,500 level. The next major resistance could be USD 22,000, above which the price might steadily recover.
Ethereum price followed a similar pattern and settled below the USD 1,450 support. ETH is now consolidating near the USD 1,400 level. A downside break might send it towards the USD 1,365 level. The next major support is near USD 1,320, below which the price might test the USD 1,250 support zone.
On the upside, the price could face resistance near USD 1,450. The key resistance is now forming near the USD 1,500 level, above which the price could gain bullish momentum.
Cardano (ADA) settled well below the USD 0.50 level. It is down over 5% and trading near USD 0.468. The next major support is near the USD 0.45 level, below which the price might test USD 0.42.
BNB is gaining pace below the USD 250 support zone. It is now consolidating near the USD 242 level.
Read more on cryptonews.com
