- The price of Bitcoin is locked below the USD 44,500 resistance.
- Ethereum facing hurdles below USD 3,100, XRP is still below USD 0.85.
- NEO jumped 5% while DASH jumped 9%.
The price of BTC it is consolidating below the USD 44,500 resistance zone. Currently (04:21 UTC) it is showing bearish signs near USD 43,600 and is almost unchanged in one day.
Likewise, most of the major altcoins are locked under key obstacles. ETH it is down more than 1% and needs to break through the USD 3,200 resistance for a new rise. XRP is still close to USD 0.80, while ADA is facing resistance near the USD 1.12 level.
Total market capitalization
The price of Bitcoin
After a failed attempt to exceed USD 44,500, Bitcoin’s price corrected lower. BTC fell below the USD 44,200 support level. However, it remained above the USD 43,500 level. The next key support is near the USD 43,200 level, below which the price could gain bearish momentum. In this case, the price could drop towards the USD 42,500 level.
On the upside, an initial resistance is found near USD 44,400. The next resistance is still near the USD 44,500 level, above which the bulls could attempt a move above USD 45,000.
The price of Ethereum
Ethereum’s price settled below the USD 3,100 level as it was struggling to gain momentum above USD 3,150. The next major support is near USD 3,050, below which the price could revisit USD 3,000.
The next key resistance is near the USD 3,200 zone, above which the price could possibly test the USD 3,250.
The price of ADA, BNB, SOL, DOGE and XRP
Cardano (ADA) struggled to break out of the USD 1.12 resistance zone. It is now moving lower below the USD 1.10 level. The first major support is near the USD 1.05 level, below which the price could test USD 1.02.
Binance coin (BNB) is reducing earnings and moving towards the USD 420 level. On the upside, it is facing resistance near the USD 442 level. The main resistance for a major hike is still near USD 450.
Solana (SOL) is consolidating gains below the USD 100 level. To continue rising, the price must break above the USD 105 level. The next key resistance could be near USD 112, above which the price could test USD 120.
Dogecoin (DOGE) is moving down from the USD 0.155 resistance. On the downside, the USD 0.142 level is a key support. If there is a break to the upside, the price could rise towards the USD 0.165 level.
The price of XRP made another attempt to break out of the USD 0.850 resistance but failed, it moved to USD 0.82. If there was a successful close above USD 0.850, the price could start a stronger upward move.
More altcoin markets today
Many smaller alcohols are also reducing their earnings. Some of them are up by at least 3%, including ATOM, NEXO, FIL, RUNE, NEO and DASH. Of that, DASH gained 9% and passed the 115 level, although it is now correcting lower. Meanwhile, NEO is also moving lower but is still up 5% and is trading close to USD 24.50.
Overall, the bitcoin price is struggling to break out of the USD 44,500 and USD 45,000 resistance levels. If BTC continues to struggle, there could be a bearish reaction below USD 43,500 and USD 43,200.
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