Bitcoin and Ethereum Struggle to Recover, Multiple Small Cap Altcoins in Green
Bitcoin price failed to recover above USD 43,500 and extended decline. BTC traded below the USD 42,500 support level. It is currently (12:57 UTC) trading near USD 42,300 but is struggling to move higher.
Similarly, most major altcoins are gaining bearish momentum. ETH dived towards USD 3,100 before recovering above USD 3,200. XRP is still consolidating near the USD 0.75 level. ADA spiked below USD 1.20 before recovering a few points.
Total market capitalization
After a minor recovery, bitcoin price failed to continue higher above USD 43,500. BTC started a fresh decline below the USD 42,500 support earlier today. The price spiked towards USD 41,000 before starting a fresh recovery wave. On the upside, an immediate resistance is near the USD 43,000 level. The first major resistance is near USD 43,500, above which the price might attempt a stronger correction.
On the downside, an initial support is near the USD 42,000 level. The next key support is near USD 41,200, below which the price could slide towards USD 40,000.
Ethereum price spiked below the USD 3,300 and USD 3,250 support levels. It almost tested the USD 3,100 level before correcting higher and is now trading above USD 3,200. An immediate hurdle is near USD 3,250, above which the price could rise towards USD 3,350.
An immediate support is near the USD 3,200 level. The next key support is near USD 3,120, below which the price could test USD 3,000.
Cardano (ADA) is consolidating near the USD 1.20 level. It is facing resistance near the USD 1.232 level. The next major resistance is near USD 1.25, above which the price could rise towards the USD 1.28 level
Binance coin (BNB) declined below the USD 455 support level and it even spiked below the USD 432 level. It is now
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