Bitcoin and Ethereum Keep Moving Lower, NEO Inches Up
Bitcoin price gained bearish momentum below the USD 42,500 support zone and is currently (12:00 PM UTC) moving towards the USD 41,200, having dropped 7% in a day.
Similarly, most major altcoins are showing bearish signs. ETH is now trading well below the USD 3,000 pivot level and is down 6% in a day. XRP dropped below USD 0.780. ADA stayed above the key USD 1.00 support zone.
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After a strong decline, bitcoin price found support near the USD 40,000 level. BTC started a minor recovery wave and corrected above USD 40,500 before moving down again.
The next key support is near the USD 40,000 level, below which the price might resume its slide.
Ethereum price found support near the USD 2,850 level and briefly moved above the USD 2,900 level.
There might be a fresh decline to the USD 2,850 support. The next support could be USD 2,780, below which the price might decline towards the USD 2,650 level.
Cardano (ADA) remained well bid above the USD 1.00 support zone. However, the bears might face a strong resistance near the USD 1.05 level. The next major resistance is at USD 1.08.
BNB is consolidating above the USD 400 support zone. An immediate resistance is near the USD 412 level, above which the price might rise to USD 420. Conversely, the price might decline towards the USD 400 level. If there are additional losses, the price could decline towards the USD 380 level.
Solana (SOL) settled below the USD 100 pivot level. The bulls must push the price back above USD 100 if they want to accelerate gains. If not, there is a risk of a move towards the USD 85 support zone.
DOGE is struggling below the USD 0.142 support level. If the bears remain in action, the price may possibly test USD 0.135. On the upside, the USD
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