Bitcoin Fluctuates, Ethereum Moves Lower, FIL Dives while CHZ Rallies

cryptonews.com:

Bitcoin fluctuated between USD 23,400 and USD 22,800 in the past 24 hours and kept trending lower. It is currently (03:49 UTC) trading near USD 22,900 and is down 2% in a day and up 7% in a week.

Similarly, most major altcoins are moving lower. ETH is down almost 7%, and there was a move below USD 1,600. XRP struggles to stay above the USD 0.370 level while ADA broke the USD 0.50 support zone.

Total market capitalization

After a bearish reaction, bitcoin price broke the USD 23,500 support zone to enter a bearish zone. On the downside, the next major support is near the USD 22,500 zone, below which the price could decline heavily in the coming sessions.

On the upside, a strong resistance is near the USD 23,500 level. The next major resistance could be USD 23,750, above which the price could attempt a fresh increase.

Ethereum price gained bearish momentum and declined below the USD 1,600 level. ETH trades near USD 1,580 and is down almost 7% in a day and up 9% in a week. On the downside, an initial support is near the USD 1,550 level. The next major support is near the USD 1,500 zone, below which the price could gain bearish momentum.

On the upside, the price might face stronger resistance near USD 1,650. The next key resistance is near the USD 1,680 level, above which the price might revisit USD 1,750.

Cardano (ADA) started a fresh decline from the USD 0.55 resistance zone. There was a clear move below the USD 0.52 support zone. The bulls failed to protect the main support at USD 0.50, and the price neared USD 0.49.

BNB is moving lower, and there was a move below the USD 280 support zone. The next major support is near USD 272, below which the bears may perhaps test USD 265.

Solana (SOL) is down 6% as the bears pushed the price