The USD 43,500 resistance level was cleared by Bitcoin. BTC lost momentum and began a fall below USD 41 200. The price was at a low of USD 40,000, and is currently at -04:18 UTC consolidating losses close to USD 38,000.
Similarly, most major altcoins declined sharply. ETH traded below USD 3,000 support. XRP fell and spiked to USD 0.70 before recovering. ADA fell almost 10%, with a shift towards USD 1.20.
Bitcoin price
After another failed attempt at USD 43,500, Bitcoin price began a new decline. It is down 7% per day. BTC fell sharply below the USD 41 200 and USD 40 500 support levels. It broke even the USD 40,000 resistance and tested USD 38,000. It is currently recovering and faces resistance at USD 39,000. It is now recovering and facing resistance near USD 39,000.
Ethereum price
Ethereum price began a significant decline below the USD 3,120 level. ETH has fallen more than 8% daily and even fell below USD 3,000. It reached USD 2,850, and is currently consolidating its losses. The upside is that the immediate resistance is at USD 2,920. Near USD 3,000 is the next major resistance, and above that price could start a decent correction wave.
ADA, BNB and SOL prices.
Cardano – fell 10%, and the USD 1.25 mark was clearly breached. The price traded at USD 1.20, and is correcting higher. The price could encounter resistance at the USD 1.25 level if there is a recovery wave.
Binance coin fell 9%, and the price was clearly below USD 450. The price is currently consolidating at USD 425. The price could fall towards the USD 400 support zone if the bears are not active.
Solana traded below USD 132 support level. The USD 122 level is the immediate support. A negative break below the USD122 level could lead to a fall towards the USD 112 level. The USD 132 area is a strong resistance.
DOGE experienced bearish momentum below USD 0.155. It reached USD 0.150, and is currently struggling to rebound higher. It is currently near USD 0.142, and below that it could test USD 1.135.
XRP Price has fallen 6%, and is currently trading close to the USD 0.70 mark. The price could fall towards USD 0.68 if the bulls fail protect USD 0.70. Near USD 0.665 is the next support.
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