Bitcoin and Ethereum Struggle to Recover, YFI Rallies
Bitcoin price is in danger of falling below $ 46,500. Ethereum could return to $ 3,650, XRP could fall below $ 0.80. YFI climbed more than 31% and surpassed the $ 27,800 level.
Bitcoin price struggled to hold above the $ 47,500 level. BTC continued to decline and traded below $ 47,000. Sales are currently increasing (11:55 UTC) and there is a risk of a move towards USD 46,500.
Likewise, most major altcoins are gaining bearish momentum. ETH traded below $ 3,920 with the next key support at around $ 3,650. XRP could correct below the $ 0.80 support. ADA may return to the $ 1.20 support zone.
Total market capitalization
Source: tradingview.com Bitcoin Price
After another dip above $ 49,000, the bitcoin price began a new decline. BTC was trading below the $ 48,000 and $ 47,500 levels. It is showing bearish signs and there is a risk of a move below $ 46,500. In this case, the price may fall to the support of $ 45,500.
On the other hand, the initial resistance is around $ 47,500. Major resistance is near the $ 48,500 zone, above which the price could return by $ 49,500.
Ethereum price
The Ethereum price fell nearly 6% and there was a clear move below the $ 3880 support. ETH may retest $ 3,750 soon. If the bears remain in action, the price could test $ 3,650. The next key support is near the $ 3,550 level, below which the price could test $ 3,500.
If there is a new upward movement, the price could test $ 3,920. The next key resistance is around the $ 4000 level.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) fell 7% to close below $ 1.25. The next key support is near the $ 1.22 level, below which the bears could test the $ 1.20 support zone.
Binance Coin (BNB) is consolidating above the $ 520 support zone. If an upward correction occurs, the price could test the $ 535 level. Major resistance remains at the $ 550 level.
Solana (SOL) is trading in a range around the $ 175 support. If a downside breakout occurs, the price could drop to the $ 165 level. The next important support is near the $ 150 level.
DOGE is down nearly 7% and is trading below $ 0.180. The next important support is near the $ 0.165 level, below which the price could test the $ 0.150 level. On the other hand, the key resistance is the $ 0.188 level.
XRP price is struggling to stay above the $ 0.800 support. If there is a break below $ 0.800, the price could test the $ 0.780 level. Otherwise, the price could break through $ 0.820 and rise to the $ 0.845 level.
Other altcoins market today
Many altcoins fell more than 5% including EGLD, KDA, IMX, NEAR, STX, ICP, DOT, LRC, RUNE, ROSE, FTM, and HOT. Conversely, YFI gained more than 31% and climbed above the $ 27,800 level, increasing its weekly profit to 32% and reducing monthly losses to less than 10%. The price practically does not change over the year.
To summarize, the bitcoin price is showing bearish signs below $ 48,000. If BTC stays below $ 48,000, a dip towards the $ 45,500 support zone could occur.
