Bitcoin and Ethereum Gain Bearish Momentum, Altcoins in Red
Bitcoin price remained in a bearish zone and declined below the USD 43,500 support. It is currently (04:07 UTC) down over 4% and is trading near USD 43,300.
Besides, most major altcoins are gaining bearish momentum. ETH is down almost 5% and there was a move below the USD 3,200 support. XRP declined below the USD 0.80 support while ADA is down almost 7% and there was a move below USD 1.10.
Total market capitalization
After a sharp decline, bitcoin price extended losses below the USD 45,000 level and even briefly spiked below the USD 43,000 level. The next major support is near USD 42,500, below which the price might continue to move down. In this case, the price may perhaps test the USD 42,000 support.
On the upside, an initial resistance is near the USD 43,500 level. The next key resistance is near the USD 44,200 level, above which the price could rise towards the USD 45,000 level.
Ethereum price also gained bearish momentum below the USD 3,320 support level. ETH traded below the USD 3,250 and USD 3,200 levels. It is now struggling to stay above the USD 3,150. The next major support is near the USD 3,120 level, below which there is a risk of more downsides.
On the upside, the price might face resistance near USD 3,200. The next key resistance might be near the USD 3,220 level, above which the price may perhaps rise to USD 3,300.
Cardano (ADA) declined almost 7% and there was a move below the USD 1.10 level. It even spiked below the USD 1.05 level. If the bears remain in action, the price could slide towards the USD 1.00 level.
BNB declined below the USD 432 support level and tested the USD 425 support level. If there are additional losses, the price could decline toward the USD 405 level.
Solana (SOL) is down 8% as the bears
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