Bitcoin price is consolidating near USD 44,200.Ethereum hovers above USD 3,100, XRP is still below USD 0.85.NEO rallied 12%, while LEO increased its weekly losses to 24%.
Bitcoin price failed to gain strength above USD 44,500. BTC corrected lower and moved below USD 44,200 before recovering. It is currently (11:55 UTC) trading above USD 44,200 and is unchanged both in a day and a week.
Besides, most major altcoins are also looking for a direction. ETH topped near USD 3,200 and corrected lower. XRP might revisit the USD 0.80 support zone. ADA is consolidating below USD 1.10.
Total market capitalization
After facing rejection above USD 44,650, bitcoin price corrected lower. BTC declined below USD 44,500 and USD 44,200. It even spiked below USD 44,000 before moving back. The next key support is near the USD 43,500 level, below which the price might test USD 43,200. Any more downsides could increase selling pressure for a move to USD 42,500.
On the upside, an initial resistance is near USD 44,400. The next resistance is near the USD 44,500 level. A close above USD 44,500 might send the price towards USD 45,500.
Ethereum price tried to surpass the USD 3,200 resistance zone. However, ETH failed to continue higher and corrected below USD 3,150 and is now consolidating near USD 3,100. The next major support is near USD 3,000, below which the price could test USD 2,950.
An initial hurdle on the upside is near the USD 3,150 level. The next key resistance is at USD 3,200, above which the price could even surpass USD 3,250.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) failed to clear the USD 1.12 resistance zone. It is now consolidating below the USD 1.10 level. On the downside, the USD 1.05 level is a key support, below which the price might test USD 1.02.
BNB struggled above the USD 440 level. It is correcting lower and trading below USD 430. The next major support is near USD 425, below which there is a risk of a move towards the USD 412 support.
Solana (SOL) is still consolidating gains above the USD 100 level. An immediate resistance is near the USD 105 level. A clear move above the USD 105 level may perhaps increase the chances of a move above the USD 112 level.
DOGE failed to clear the USD 0.155 resistance. It is moving lower towards the USD 0.142 level. If the bears remain in action, the price might test USD 0.135. The next major support is near USD 0.124.
XRP price struggled to surpass the USD 0.850 resistance. It is now stuck near the USD 0.820 level. If there are additional losses, the price might slide to USD 0.80 in the near term.
Other altcoins market today
A few altcoins are up over 5%, including AVAX, ALGO, MANA, AXS, KLAY, NEO, TFUEL, RLY, and QTUM. Out of these, NEO jumped 12% in a day, surpassing the USD 25 level and increasing its weekly gains to 8%. Meanwhile, LEO kept moving lower – it’s down 7% in a day and 24% in a week, having dropped below USD 5.80.
To sum up, bitcoin price is looking for direction near USD 44,200. If BTC declines below USD 43,500, it might face increased selling pressure. Conversely, it still could attempt a move to USD 45,500.