- Bitcoin’s price fell below USD 39,000, indicating a bearish trend.
- XRP is stabilizing over USD 0.72, while Ethereum is testing USD 2,550.
- The price of ZEC increased by 10%, while the price of STX increased by almost 29%.
Bitcoin’s price has fallen below USD 40,000, putting it in a negative zone. BTC even fell below the USD 38,500 barrier before regaining some ground. It is currently showing bearish signals below USD 38,700 (04:40 UTC) and may continue to lose ground.
Similarly, the majority of prominent altcoins are in the red. The USD 2,550 support zone is being tested by ETH. XRP managed to keep its price above the USD 0.72 support level. ADA’s losses could be extended below the USD 0.78 support level.
Total market capitalization
Bitcoin price has moved into a negative zone after closing below USD 40,000. BTC continued to fall, trading below the USD 39,000 mark. If the price falls below USD 38,000, it may return to the USD 37,200 support level. The next major support level is near USD 36,500, below which the price may fall to USD 35,500.
On the upside, resistance might be found near the USD 38,800 mark. The next big barrier is near USD 39,250, above which the price may test USD 40,000 again.
The cost of Ethereum
The price of Ethereum has gained bearish momentum and is currently targeting the USD 2,550 support zone, with the USD 2,500 support zone likely to be tested soon. If the price breaks to the downside, it may test USD 2,420. The next major support level is near USD 2,320, below which the price may return to USD 2,250.
If the price rises again, it may run across resistance near USD 2,600. Near the USD 2,650 mark, the main resistance is forming.
ADA, BNB, SOL, DOGE, and XRP price Cardano (ADA) fell below the USD 0.80 support zone, as did BNB, SOL, DOGE, and XRP. It is now stabilizing around USD 0.78. If there are any more losses, the price may drop to USD 0.765.
The value of BNB fell below USD 380. USD 365 is the next significant support level, below which the price may fall to USD 355. Near the USD 350 level, the main breakdown support is located.
Solana (SOL) is now consolidating about USD 80. If the price rises faster, it may break through the USD 85 threshold. A closing above USD 88, on the other hand, is required for a move towards USD 95.
DOGE fell and tested the USD 0.115 resistance level. If the bears keep pushing, the price might touch the USD 0.112 mark. On the other hand, the price may begin to rise steadily towards USD 0.120.
The price of XRP has sunk below the pivot zone of USD 0.75 and is presently consolidating near the USD 0.72 level. If the price remains above USD 0.72, the bulls may attempt another push above USD 0.75.
Today’s market for other altcoins
SHIB, WBTC, ATOM, NEAR, LINK, UNI, ALGO, MANA, XLM, XMR, FMT, and WAVES are among the cryptocurrencies that have dropped more than 4%. STX, on the other hand, soared over 29% and traded above USD 1.40 before correcting downward. It’s also up 16% in the last week. Meanwhile, ZEC raised its weekly gains to 17 percent after rising 10% and surpassing USD 150.
Overall, bitcoin’s price is falling below USD 39,000, indicating a pessimistic trend. In the short term, if BTC breaches the USD 38,000 barrier, there is a possibility of a move towards the USD 37,200 level.