in ,

Bitcoin and Ethereum Fall, DOGE Takes the Lead

Bitcoin and Ethereum Fall, DOGE Takes the Lead

  • The price of bitcoin has dropped over 3% and tested $45,000.
  • Ethereum is down 5% as XRP struggles to hold above $0.80.
  • DOGE gained almost 7% and broke the $0.160 level.

The price of Bitcoin has struggled to hold above the $47,000 pivot. BTC started a new decline and traded below the support of $46,000. Currently (04:07 UTC) it is down over 3% and is trading around $45,200.

In addition, most of the major altcoins are also showing bearish signs. ETH fell over 5% and moved below the $3,350 support. XRP could get bearish momentum if it breaks the $0.80 support. ADA was also down 6% and there was a move below $1.15.

Total market capitalization

Source: tradingview.com

bitcoin price

After trying to overcome the level of $47,200, the price of bitcoin began a new decline. BTC fell below the $46,000 support and even tested the $45,000 support. The next major support is near $44,450, below which the price could continue its decline. In this case, the bears could test support at $43,200.

On the other hand, initial resistance is near the $45,500 level. The next key resistance lies near the $46,200 level, above which the price could begin a sustained rise.

Ethereum price

Ethereum price peaked around $3,550 and is down over 5% to break support at $3,350. The price even tested 3275 USD. It is currently consolidating above $3,300. If there is another decline, the price may test the $3250 level. The next major support is near the $3,200 level.

On the other hand, the price may fluctuate around $3,380. The next key resistance could be near the $3,420 level, above which the price could rise to $3,500.

Price of ADA, BNB, SOL, DOGE and XRP

Cardano (ADA) dropped sharply after closing below the $1.18 support level. It is now down 6% and there has been a move below $1.15. The next key support is near the $1.12 level.

BNB cut profits and trade below $442. If the bears continue to act, the price could test support at $432. Any further gains could send the price towards the $420 level.

Solana (SOL) fell over 7% and the bears pushed the price below the $125 support. The next major support is near the $120 level. If there are more downsides, the price could perhaps test $112.

DOGE remained in the positive zone above the level of $0.155. It was up nearly 7% and the bulls pushed the price above $0.160. If they remain in place, the price could test $0.165.

Price XRP struggling to hold above the $0.80 support. If there is a break down and the price closes below $0.80, the price could drop to $0.75.

Other altcoins today

Many altcoins have fallen over 5% including AVAX, DOT, MATIC, NEAR, ATOM, WAVES, LINK, UNI, TRX, BCH, FTT, ETC, XLM and VET. Of these, WAVES fell 13% to trade below $30, while CELO fell 11% to $4.27.

Overall, the price of Bitcoin is trading near the main support at $45,000. If BTC drops below $45,000, there is a risk of falling further.

_____

The best cryptocurrency price:

What do you think?

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

U.S., Allies Plan To Ban All New Investments In Russia

U.S., Allies Plan To Ban All New Investments In Russia

Yorkshire aims to be 'beacon of hope' for diversity, says Patel

Yorkshire aims to be ‘beacon of hope’ for diversity, says Patel