Bitcoin and Ethereum Hold Key Uptrend Support, THETA Trims Gains
Bitcoin price started a downside correction below the USD 44,000 level. BTC even declined below USD 43,000, but the bulls appeared near USD 42,500. It is currently (11:02 UTC) consolidating near USD 43,500, with a key hurdle near USD 44,500.
Similarly, most major altcoins are above important uptrend support lines. ETH spiked below USD 3,050, but the bulls were active near USD 3,000. XRP spiked below USD 0.80 before recovering.
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After a close below USD 44,000, bitcoin price extended decline. BTC broke the USD 43,500 support and also spiked below USD 43,000. However, the bulls protected the USD 42,500 support zone and the price returned to the USD 43,500 level. The next key support is near the USD 41,200 level, below which the price might test USD 40,000.
On the upside, an initial resistance is near USD 44,000. The next major resistance is near the USD 44,500 level, above which the price might gain bullish momentum.
Ethereum price also declined below the USD 3,120 support zone. ETH dived below USD 3,050, but the bears failed to push it below USD 3,000. The next major support is USD 2,950, below which the price could test USD 2,840.
If the price attempts a recovery wave, it could face resistance near the USD 3,150 level. The main resistance is still near the USD 3,250 zone.
Cardano (ADA) declined below the USD 1.15 support level and tested the USD 1.12 support zone before recovering. If the bears remain in action, it could slide below USD 1.10 and test the USD 1.05 support.
Binance coin (BNB) is trying to stay above USD 410. If there is a close below USD 400, the price might decline stronger. Conversely, there could be a recovery wave towards the USD 432 level.
Solana (SOL) is struggling to stay above the
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