Bitcoin and Ethereum Fluctuate, NEO Accelerates, LEO Keeps Dropping
Bitcoin price failed to gain strength above USD 44,500. BTC corrected lower and moved below USD 44,200 before recovering. It is currently (11:55 UTC) trading above USD 44,200 and is unchanged both in a day and a week.
Besides, most major altcoins are also looking for a direction. ETH topped near USD 3,200 and corrected lower. XRP might revisit the USD 0.80 support zone. ADA is consolidating below USD 1.10.
Total market capitalization
After facing rejection above USD 44,650, bitcoin price corrected lower. BTC declined below USD 44,500 and USD 44,200. It even spiked below USD 44,000 before moving back. The next key support is near the USD 43,500 level, below which the price might test USD 43,200. Any more downsides could increase selling pressure for a move to USD 42,500.
On the upside, an initial resistance is near USD 44,400. The next resistance is near the USD 44,500 level. A close above USD 44,500 might send the price towards USD 45,500.
Ethereum price tried to surpass the USD 3,200 resistance zone. However, ETH failed to continue higher and corrected below USD 3,150 and is now consolidating near USD 3,100. The next major support is near USD 3,000, below which the price could test USD 2,950.
An initial hurdle on the upside is near the USD 3,150 level. The next key resistance is at USD 3,200, above which the price could even surpass USD 3,250.
Cardano (ADA) failed to clear the USD 1.12 resistance zone. It is now consolidating below the USD 1.10 level. On the downside, the USD 1.05 level is a key support, below which the price might test USD 1.02.
BNB struggled above the USD 440 level. It is correcting lower and trading below USD 430. The next major support is near USD 425, below which there is a risk of a move towards the USD
Read more on cryptonews.com
