Bitcoin and Ethereum Dip Towards Key Support, XMR and NEAR Gain
Bitcoin price made another attempt to gain pace above USD 44,000. BTC formed a high near USD 44,400 and started a downside correction. It is currently (04:18 UTC) trading near USD 42,800, with a key support at USD 42,000.
Similarly, most major altcoins are correcting gains. ETH retreated lower from the USD 3,400 resistance zone. XRP declined below the USD 0.780 support zone. ADA is down almost 5% and traded below the USD 1.265 support zone.
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After a break above USD 44,000, bitcoin price faced sellers near the USD 44,400 zone. BTC failed to continue higher and started a downside correction. There was a break below the USD 43,200 and USD 43,000 support levels. The next key support is near USD 42,000, below which the price might struggle to start a fresh increase in the near term.
If it recovers, an immediate resistance is near the USD 43,000 level. The next major resistance is near USD 43,200, above which the price might start a move towards the USD 44,400 zone again.
Ethereum price also attempted a clear move above the USD 3,400 level. However, ETH struggled to continue higher and corrected below USD 3,320. The price is consolidating near USD 3,280. An initial support is near the USD 3,220 level. The next major support is near USD 3,200, below which the price might test USD 3,120.
On the upside, an immediate resistance is near USD 3,300. The next key resistance is near USD 3,380, above which the price might gain bullish momentum.
Cardano (ADA) failed to stay above the USD 1.30 level and started a downside correction. ADA traded below the USD 1.28 and USD 1.265 support levels. If there are more losses, the price might test USD 1.22.
Binance coin (BNB) is still consolidating near the USD 480 level. An
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