Bitcoin and Ethereum at Risk of More Losses, XRP, MATIC and SOL Down 4% -8%

Daily
  • Bitcoin cost may extend losses to USD 20,000.
  • Ethereum might dive listed below USD 1,400, XRP traded near to the USD 0.32 assistance.
  • MATIC and SOL are down over 8%.

Bitcoin cost settled listed below the USD 22,000 level. BTC is presently (11:44 UTC) having a hard time to remain above the USD 21,000 level. If the bears stay in action, there is a risk of a relocation towards the USD 20,000 assistance zone.

Similarly, many significant altcoins are revealing bearish indications. ETH might acquire bearish momentum listed below the USD 1,400 level. XRP may continue lower towards the USD 0.32 assistance. ADA is indicating a relocation towards the USD 0.45 assistance.

Total market capitalization

1658837031 401 Bitcoin and Ethereum at Risk of More Losses XRP MATIC
Source: tradingview.com

Bitcoin cost

After a drawback break, bitcoin cost settled listed below the USD 21,500 assistance zone. BTC even broke the USD 21,200 level and is presently having a hard time to remain above the USD 21,000 level. If there is a close, the cost may dive towards the USD 20,500 assistance level. The next significant assistance is near the USD 20,000 zone, listed below which the cost might check USD 19,200.

On the benefit, an instant resistance is near the USD 21,500 level. The next significant resistance might be USD 22,000, above which the cost may gradually recuperate.

Ethereum cost

Ethereum cost followed a comparable pattern and settled listed below the USD 1,450 assistance. ETH is now combining near the USD 1,400 level. A drawback break may send it towards the USD 1,365 level. The next significant assistance is near USD 1,320, listed below which the cost may check the USD 1,250 assistance zone.

On the benefit, the cost might deal with resistance near USD 1,450. The essential resistance is now forming near the USD 1,500 level, above which the cost might acquire bullish momentum.

ADA, BNB, SOL, DOGE, and XRP cost

Cardano (ADA) settled well listed below the USD 0.50 level. It is down over 5% and trading near USD 0.468. The next significant assistance is near the USD 0.45 level, listed below which the cost may check USD 0.42.

BNB is getting rate listed below the USD 250 assistance zone. It is now combining near the USD 242 level. If there are more drawbacks, the cost might decrease towards the USD 235 level.

Solana (SOL) sped up lower listed below the USD 38 assistance zone. It is down over 8% and trading listed below the USD 36 level. The next significant assistance is near the USD 35 level, listed below which it might check the USD 32 assistance zone.

DOGE is decreasing and approaching the 0.0612 assistance. The next significant assistance sits at USD 0.0600, listed below which there is a risk of a relocation towards USD 0.0580.

XRP cost is trading around the USD 0.332 assistance zone. If it extends losses, it might be approaching the USD 0.320 assistance, listed below which it may check the USD 0.30 assistance zone in the near term.

Other altcoins market today

Many altcoins are getting bearish momentum, consisting of DOT, MATIC, AVAX, SHIB, TRX, LTC, FTT, LINK, NEAR, ATOM, APE, BCH, and CIRCULATION. Out of these, APE is down almost 12% and trading listed below USD 6.0.

To summarize, bitcoin cost is having a hard time to recuperate losses above USD 21,500. If BTC stops working to remain above USD 21,000, there may be a sharp decrease.

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Compiled by Coinbold.

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