Bitcoin and Ethereum Consolidate, DOGE Rallies on Musk’s Twitter Deal
Bitcoin price moved lower below USD 46,200 and even traded below USD 46,000, but the bulls were active above USD 45,500. It is currently (11:45 UTC) consolidating and struggling to gain bullish momentum. The price is unchanged in a day.
Similarly, most major altcoins are struggling to rise steadily. ETH failed to stay above USD 3,500 and tested USD 3,450, and is also unchanged in a day. XRP is consolidating above USD 0.82. ADA is showing positive signs above the USD 1.20 pivot level.
Total market capitalization
After struggling below USD 46,500, bitcoin price extended its decline below USD 46,000. However, BTC was stable above the USD 45,500 level. The next major support is near USD 45,000, below which the price might accelerate losses. In this case, the price may perhaps decline towards the USD 44,200 level.
On the upside, the price might face resistance near the USD 46,800 level. The next key resistance is near the USD 47,000 level, above which the price could retest the main USD 47,500 resistance.
Ethereum price struggled to stay above the USD 3,500 level. ETH extended decline and tested the USD 3,450 support. The next major support is near the USD 3,420 level, below which the price could even trade below the USD 3,350 level.
On the upside, the price might face sellers near USD 3,500. The next key resistance might be near the USD 3,550 level, above which the price may perhaps start a steady increase.
Cardano (ADA) is back above the USD 1.20 pivot level. An immediate resistance is near the USD 1.22 level. The next key resistance is near USD 1.245, where the bears might take a stand.
BNB is consolidating below the USD 450 resistance zone. A close above the USD 450 level may possibly start a stronger increase. The next key
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