- Bitcoin price is still struggling to break out of the $45,000 resistance.
- Ethereum struggled near $3,050, XRP is still below $0.80.
- ATOM and ZEC are up 6%.
Bitcoin price attempted to break above the $45,000 resistance. BTC topped $45,200 but faced sellers near $45,350 and is now down 2% in a day. It is currently (04:17 UTC) trading below $43,500, with key support at $43,000.
Similarly, most of the major altcoins are also facing resistance. ET is struggling to gain momentum above $3,020 and is down nearly 4%. XRP failed near $0.80 and corrected lower. ADA traded below $0.95 and tested $0.92.
Total market capitalization
After a move above $45,000, bitcoin price found resistance near $45,350. BTC failed to sustain above $45,000 and corrected lower. There was a move below the $44,200 and $44,000 levels. Immediate support is near the $43,200 level. The next key support is near the $43,000 level, below which the price could possibly drop to $42,500.
On the upside, the price is facing resistance near the $44,200 level. The key hurdle remains near the $45,000 level, above which the price could start a stronger rally.
Ethereum price tried to close above $3,000 but failed. ETH faced sellers near $3,040 and $3,050. It is now trading below $3,000 and consolidating. On the downside, initial support is near the $2,900 level. The next key support is near the $2,850 level, below which the price could drop to $2,750.
On the upside, the price needs to stabilize above the $3,000 resistance to gain momentum. The next pivot level could be near the $3,050 level.
ADA, BNB, SOL, DOGE and XRP price
Cardano ( ADA ) initiated a downside correction and traded below the $0.95 support. It is now struggling to hold above $0.92. In the event of a downside breakout, the bears can even push the price below $0.90.
BNB is consolidating gains above the $400 level. Immediate resistance is near the $412 level. The key resistance remains $425, above which the price could accelerate to the upside.
Solana ( SOL ) tested the $105 level, where the sellers appeared. The price corrected lower and traded below $100. The next big support is near $95, below which the price could test the $88 level.
DOGE failed to clear the resistance at $0.142. There was a bearish reaction below the $0.135 level. If the bears continue in action, the price could drop below the $0.130 support.
XRP price traded below the $0.78 support level. It now has the support at $0.75. In the event of a downside breakout, the price could drop to $0.712.
Today I trade other altcoins
Some altcoins are up more than 4%, including ATOM , FTM , ZEC, CRV, ANC, and ROSE . Of these, ANC gained 19% and traded above the $4.5 level. For their part, ATOM and ZEC increased by approximately 6%, reaching USD 33 and USD 126 respectively. ATOM is also up 31% in a week, while ZEC has extended its gains to 29%.
Overall, bitcoin price is still struggling to break out of the major resistance at $45,000. If BTC fails to sustain above $43,000, it could start a stronger downside correction in the near term.
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