Bitcoin and Ethereum Undo Gains, DOGE up

  • price Bitcoin It fell more than 3% and tested $45,000.
  • Ethereum It is down 5%, and XRP is struggling to stay above $0.80.
  • dog It gained nearly 7% and broke through the $0.160 level.

Bitcoin price struggled to stay above the $47,000 pivot level. BTC started a new low and traded below the $46,000 support. Currently (04:07 UTC) it is down more than 3% and is trading near $45,200 USD.

Moreover, most of the other major currencies are showing bearish signals. ETH is down more than 5% and there was a move below the $3,350 support level. XRP could gain bearish momentum if it breaks the $0.80 support. ADA is also down 6% and there was a move below $1.15.

Total market value

Crypto Bitcoin Ethereum
Source: tradingview.com

Bitcoin price

After struggling to break out of the $47,200 level, Bitcoin price started a new decline. BTC broke below the $46,000 support and also tested the $45,000 support level. The next major support is near $44,450, below which the price could extend its decline. In this case, the bears could test the $43,200 support.

On the upside, there is an initial resistance near the $45,500 level. The next major resistance is near the $46,300 level, above which the price could start a steady rally.

Ethereum price

Ethereum price reached a high near the $3,550 level and fell more than 5%, breaking the $3,350 support. Price tested also at $3,275. It is now consolidating above $3300. If there is a further decline, the price is likely to test $3,250. The next major support is near the $3,200 level.

On the upside, the price could struggle near $3,380. The next major resistance might be near the $3,420 level, after which the price could rise to $3,500.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) fell sharply after closing below the $1.18 support. It is now down 6% and there was a move below $1.15. The next major support awaits near the $1.12 level.

Binance Coin (BNB) is cutting profits and trading at less than $442. If the bears continue to act, the price may test the $432 support. Any further losses could push the price towards the $420 level.

Solana (SOL) is down more than 7% and the bears have pushed the price below the $125 support. The next major support is near the $120 level. If there are more declines, the price may test $112.

Dogecoin (DOGE) remains in positive territory above the $0.155 level. It is up around 7% and the bulls have pushed the price above $0.160. If they continue to act, the price may test $0.165.

XRP price is struggling to stay above the $0.80 support level. If there is a break to the downside and a close below $0.80, the price may fall towards $0.75.

More altcoins today

Several cryptocurrencies are down over 5%, including AVAX, DOT, MATIC, NEAR, ATOM, WAVES, LINK, UNI, TRX, BCH, FTT, ETC, XLM, and VET. Of these, WAVES is down 13% and trading at less than $30, while CELO is down 11% to $4.27.

Overall, the bitcoin price is trading near the key support level at $45,000. If Bitcoin drops below $45,000, there is a risk of further decline.

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