Bitcoin and Ethereum Try to Recover, LUNA and STX Accelerate
Bitcoin price remained in a bearish zone below the USD 42,500 pivot level and even traded below the USD 41,500 level before moving higher. It is currently (11:57 UTC) testing the USD 42,000 level again.
Similarly, most major altcoins are also trying to recover. ETH traded below USD 3,050 and is now approaching USD 3,120 again. XRP trimmed its losses and is now eying USD 0.750. ADA traded below the USD 1.40 support zone before recovering.
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After a minor correction, bitcoin price started another decline below USD 42,200. BTC even broke the USD 42,000 support level. There was a clear move below USD 41,500, but the bulls protected a move below USD 41,000 and pushed the price back above USD 42,000.
On the upside, the next major resistance is near USD 42,500, above which the price might start a steady increase.
Ethereum price also followed a similar pattern and declined below USD 3,120 before recovering from the USD 3,050 level. The price is now nearing USD 3,120 while the next key resistance is near USD 3,200, above which the price may perhaps start a steady increase.
Cardano (ADA) started a strong decline after it settled below USD 1.50. It is still down over 4% despite recovering from the USD 1.40 level. Any more losses could send the price towards USD 1.32.
Binance coin (BNB) was moving lower towards the USD 450 support, but the bulls protected this level and the price is now nearing USD 465 again.
Solana (SOL) declined below the USD 140 support zone, even targeting the USD 132 support before moving higher again. On the upside, the bears might remain active near USD 145.
DOGE declined below the USD 0.165 support. The next key support is near USD 0.160. A downside break below USD 0.160 may possibly send
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