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- Bitcoin is consolidating near the $ 57,000 level.
- Ethereum is stuck below $ 3,600, XRP is down more than 5%.
- SHIB earned more than 12% and FTM earned 5%.
bitcoin price has extended its rise above the $ 56,000 level. BTC managed to break out of the $ 57,200 resistance zone. It traded near $ 58,000 and is currently consolidating gains just below $ 57,000 (05:34 UTC).
On the other hand, most of the major altcoins are correcting lower. ETH failed to extend gains and corrected below $ 3,500. XRP fell more than 5% and there was a breakout below $ 1.10. ADA is also moving lower and is trading below $ 2.20.
Total market capitalization
Ethereum-and-the-best-Altcoins-are-established.png »alt =» »width =» »class =» content-img »/> Source: https://www.tradingview.com
Bitcoin price
After a sharp break above $ 56,000, bitcoin price extended its rise. BTC broke the resistance of $ 56,500 and the pivot level of $ 57,200. upward movement was such that the price was trading near the $ 58,000 level. Recently, there has been a downward correction below the $ 57,200 and $ 57,000 levels. price is now consolidating, with immediate support at $ 56,000. next big support is near $ 55,500.
On the upside, an initial barrier is near the $ 57,200 level. next key resistance is near $ 57,500, above which the price could rally to the $ 58,000 level.
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Ethereum Price
Ethereum price failed to stabilize above the $ 3,600 level and began a downward correction. ETH is now trading below the $ 3,500 support. first major support is near the $ 3,440 level. Any further losses could open the door for a further decline towards $ 3,350.
If there is a new rally, the price may find resistance near the $ 3,540 level. next big hurdle seems to form near $ 3,600, above which the price could fight near $ 3,650.
ADA, LTC, DOGE and XRP price
Cardano (ADA) started a downward correction below the $ 2.20 support level. price is now trading below $ 2.15 and may continue to fall towards the $ 2.05 level. next major support is near the $ 2.00 level.
Litecoin (LTC) failed to break the resistance levels of $ 185 and $ 188. price is now trading below $ 175 and could extend below $ 172. In this case, the price may continue to fall towards the support of USD 165.
Dogecoin (DOGE) is down 5% and is now trading below the $ 0.232 support. Immediate support is near the $ 0.220 level. If there is a break below $ 0.220, the price could revisit the pivot level of $ 0.200 in the near term.
XRP price started a new decline below the support of $ 1.12. price has even traded below $ 1.10 and may continue to decline. In this case, the price could test the $ 1.05 level. next major support is near the $ 1.00 level.
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Another altcoin market today
Many altcoins are down more than 8%, including KLAY, DYDX, AR, DCR, MIOTA, STX, CELO, FLOW, ALGO, and ONE. Of these, KLAY fell more than 12% and broke the support at $ 1.60, while FLOW fell 13%. Meanwhile, SHIB is rebounding and is now up 12% in one day, trading at $ 0.00003054.
Overall, the bitcoin price is correcting gains below $ 57,000. However, BTC could start a new surge if it sustains above the $ 55,000 support level in the coming sessions.
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