- The Bitcoin price began a downward correction below USD 45,000.
- Ethereum has fallen below USD 3,180 and XRP is gaining above USD 0.950.
- NANO and XDC have increased by more than 17%
The USD 46,500 resistance level was not breached by Bitcoin. There was a bearish reaction below US$ 46,000. BTC is currently at 12:14 UTC and showing some bearish signs, below USD 45,000 with decent support at USD 44,000.
Most altcoins trade in a positive zone, however. Although ETH has started a downtrend, it remains above USD 3,050 support. XRP continues to outperform and it remains elevated above USD 0.950.
Bitcoin price
After a few failed attempts above USD 46,500, bitcoin price started a downside correction. BTC fell below the USD 46,000 level and USD 45,000. An extended drop could be triggered if the daily close falls below the USD 45,000 support level. The USD 43,200 support zone is the next important support.
The USD 46,000 level is the immediate resistance. The USD 46,500 level is the first resistance, which could be a barrier to bulls gaining strength.
Ethereum price
Ethereum price also followed a similar pattern above USD 3,220. ETH was unable to maintain USD 3,200, and it fell below USD 3,180. It is possible that it will move towards USD 3,050 if it continues to fall below USD 3,150.
The USD 3,200 level is the initial resistance. The USD 3,220 level is the next major resistance. Above that, the price could revisit USD 3,275.
ADA, LTC and DOGE prices
Cardano (ADA) tested the USD 1.90 resistance zone before there was a downside correction. It traded below the USD 1.85 support level and USD 1.82 resistance levels. The price could move towards the USD 1.75 support zone if there are further downsides. The USD 1.90 level, which is the major obstacle before USD 2,.00, is positive.
Litecoin (LTC) failed to surpass the USD 180 resistance and corrected lower. It traded below USD 175 while the bulls failed to defend USD 170. The USD 180 resistance level could be reached if the price remains above USD 165.
Dogecoin (DOGE) gained pace above the USD 0.250 and USD 0.265 resistance levels. It reached USD 0.280, and even tested USD 0.295. The major support is at USD 0.2265. It is consolidating its gains. Support is currently forming at the USD 0.250 level.
XRP price rallied above the USD 0.90 and USD 1.0 resistance levels. The price of XRP rose to USD 1.10, but it has since fallen back to USD 0.98. The USD 0.920 and US 0.900 levels provide decent support. Support is currently forming at the USD 0.820 level.
Altcoins are also available today
Many altcoins climbed above 5% including XDC and NEAR, NANO and KLAY. XDC rose 27%, surpassing the USD 0.12 level.
Bitcoin price has corrected gains of USD 46,500. In the next sessions, however, bitcoin price could still be above USD 44 500.
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