Bitcoin and Ethereum Increased Losses, ZEC and STX Rally


 

  • Bitcoin price gained bearish pace below USD 39,000.
  • Ethereum is testing USD 2,550, XRP is consolidating above USD 0.72.
  • ZEC jumped 10% and STX rallied over 29%.

Bitcoin price moved into a bearish zone below the USD 40,000 level. BTC even extended decline below the USD 38,500 level before somewhat recovering. It is currently (04:40 UTC) showing bearish signs below USD 38,700 and still might extend losses.

Track live crypto price of 10000+ coins!


Similarly, most major altcoins are trading in a negative zone. ETH is testing the USD 2,550 support zone. XRP managed to stay above the USD 0.72 support. ADA could extend losses below the USD 0.78 support.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a close below USD 40,000, bitcoin price moved into a bearish zone. BTC extended decline and traded below the USD 39,000 level. If there is a downside break below USD 38,000, the price might revisit the USD 37,200 support. The next key support is near the USD 36,500 level, below which the price may perhaps decline to USD 35,500.

On the upside, the price might face resistance near the USD 38,800 level. The next major resistance is near the USD 39,250 level, above which the price might retest USD 40,000.

Ethereum price

Ethereum price gained bearish momentum and is testing the USD 2,550 support zone and it may soon test the USD 2,500 support zone. If there is a downside break, the price could test USD 2,420. The next key support is near the USD 2,320 level, below which the price might revisit USD 2,250.

If there is a fresh increase, the price could face resistance near USD 2,600. The main resistance is now forming near the USD 2,650 level. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) declined below the USD 0.80 support zone. It is now consolidating near USD 0.78. If there are additional losses, the price might decline towards the USD 0.765 level.

Related:  Solana TVL Sees Sharp Decline, Reaches 2022 Low

BNB settled below the USD 380 level. The next major support is USD 365, below which the price might slide to USD 355. The main breakdown support is near the USD 350 level.

Solana (SOL) is consolidating near the USD 80 level. If there is a stronger increase, the price might break the USD 85 level. However, a close above USD 88 is needed for a move towards the USD 95 level.

DOGE declined and tested the USD 0.115 level. If the bears remain in action, the price might even test the USD 0.112 level. Conversely, the price might start a steady increase towards USD 0.120.

XRP price settled below the USD 0.75 pivot zone and is now consolidating near the USD 0.72 zone. If the price stays above USD 0.72, the bulls might attempt a fresh increase above the USD 0.75 level.

Other altcoins market today

Many altcoins are down over 4%, including SHIB, WBTC, ATOM, NEAR, LINK, UNI, ALGO, MANA, XLM, XMR, FMT, and WAVES. Conversely, STX rallied over 29% and traded above USD 1.40 before correcting lower. It’s also up 16% in a week. Meanwhile,  ZEC jumped 10%, surpassed USD 150, and increased its weekly gains to 17%.

Overall, bitcoin price is showing bearish signs below USD 39,000. If BTC breaks the USD 38,000 level, there is a risk of a move towards the USD 37,200 level in the near term.

_____ 

Find the best price to buy/sell cryptocurrency:


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: