Crypto market
Crypto market

Bitcoin and Ethereum Reverse Gains, TRX and DCR Rally

BTC stayed below 43,200 USD.-ETH is around 3000 USD. XRP broke 0.75 USD support.-TRX and DCR showed the best performance today.

 BTC crossed the 42,500 USD level but failed to surpass 43,200 USD. It is trading around 40,500 after a sharp decline. BTC is down 3% in one day, while the weekly rate is 2%. Similarly, ETH fell below 7050 USD. XRP breaks 0.75 USD support. The island is very close to the 0.9 USD support zone. 

Bitcoin price 

After a move around USD 42,500, BTC hits USD 43,000. It rallied and settled below the USD 43,200 resistance. After a sharp decline, it dropped below the USD 41,000 level. The next major support is near USD 39,500, below which the price could gain bearish momentum. An immediate resistance on the upside is near the USD 41,200 level. The next key resistance could be USD 41,500, above which the price may perhaps trigger another increase. 

Ethereum price 

Ethereum hold 4000 dollar support

Managed to clear the USD 3,150 resistance, but sellers traded around USD 3,180. ETH started a fresh decline below the USD 3,100 level. It even traded below USD 3,050 and it is struggling to stay above the USD 3,000 support. ETH is down over 3% in a day and almost 1% in a week. The next major support is near the USD 2,950 level. On the upside, the USD 3,050 level may offer resistance. The next key resistance could be near the USD 3,120 level. 

ADA, BNB, SOL, DOGE, and XRP price


Cardano: (ADA), It failed to clear the USD 0.98 resistance zone. It fell below 0.95 USD. It is approaching the main support zone with 0.90 USD.
 BNB:struggled to surpass the USD 425 resistance level. The bears strengthened and the price settled below the USD 412 level. If the decline continues, there is a risk of a move towards the USD 400 support.
 Solana: (SOL) failed to break through the USD 110 resistance zone again. It is falling and forcing the USD 102 support. On the downside, the main support is still near the USD 100 level.
DOGE:declined below the USD 0.140 support zone. It is approaching the USD 0.135 support. Any further losses could lead the price towards the USD 0.132 support or even USD 0.130.
 XRP: price failed to stay above the key USD 0.750 support. It is down almost 3% and it could test the USD 0.72 support zone. Any further losses could jeopardize the main USD 0.70 support in the near term.

Other altcoins market today 

Many altcoins are in the red zone, including LUNA, AVAX, DOT, NEAR, CRO, LTC, ATOM, UNI, APE, ALGO, ETC, FIL and EGLD. Apart from these, APE is down 11% and trading below the USD 14 level. Meanwhile, TRX and DCR are performing the second best among the top 100 crypto assets by market capitalization today. TRX is up 7% and crossing USD 0.067, taking weekly gains to 12%. DCR rallied 16% in one day and 30% in one week, surpassing the USD 71 mark. Overall, bitcoin price reversed gains from the USD 43,000 zone. If BTC fails to stay above the USD 40,000 level, there is a risk of a trend change in the coming periods.

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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