Bitcoin and Ethereum point to new lows, LUNA recovers

Bitcoin price broke the $ 38,500 support level. BTC even extended its decline below $ 38,000. Currently (04:28 UTC) it is consolidating losses and there appears to be a risk of a further decline towards the $ 37,000 level.

Similarly, most of the major altcoins struggle to rise. ETH could extend its decline below the $ 2,450 support zone. XRP could correct further below the key support zone of $ 0.700.

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Bitcoin price

After a close below $ 40,000, the price of bitcoin struggled to rebound. BTC extended its decline below $ 38,500 and even broke $ 38,000. bulls are now protecting the support at $ 37,500. However, there is a risk of a further slide towards the $ 37,000 support. next big support is near the $ 36,200 level. On the upside, the $ 38,500 level represents short-term resistance. first key resistance is now near $ 39,000, above which the price could test the $ 40,000 barrier.

Ethereum Price

price of Ethereum also fell below $ 2,550. ETH tested the support at $ 2,450 and is now struggling to recoup losses. If there is a break below $ 2,450, the price could possibly test the support at $ 2,400. On the upside, an immediate hurdle is near the $ 2,550 level. main resistance on the breakout is now forming near the $ 2,600 level.

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ADA, LTC, DOGE and XRP price

Cardano (ADA) is recovering and is trading above the resistance at $ 1.32. Immediate resistance is near $ 1.35. A successful move above $ 1.35 could carry the price towards the key resistance of $ 1.40. On the downside, the bulls can remain active near $ 1.32 and $ 1.30. Litecoin (LTC) traded below the $ 140 support level. price is now finding offers close to $ 135. If there is a clear break below $ 135, the bulls may struggle to protect $ 130. next big support is near the $ 125 level. On the upside, the $ 142 level is an immediate hurdle. Dogecoin ( DOGE) is down more than 2% and is trading below $ 0.20. price could soon test the support at $ 0.180. If the bears remain in action, there could be a dip towards the $ 0.165 level. On the upside, the price may find resistance near $ 0.205 and $ 0.208. XRP price is moving lower towards the $ 0.700 support. If there is a clear break below $ 0.700, the bears could take over. In this case, there is a risk of a move towards the $ 0.650 level in the short term.

Another altcoin market today

Some altcoins made more than 5%, including LUNA, RVN, PERP, KCS, QNT, CELO, ZRX, and ZEN. Of these, LUNA gained 20% and broke the $ 14 level.

Read also Ethereum is experiencing an unintended chain split

Overall, the bitcoin price is showing bearish signals below $ 39,000. If BTC extends the decline, there could be a test of the next key support at $ 37,000 ._____

Find the best price to buy / sell cryptocurrencies:

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