Bitcoin and Ethereum Grind Lower, CEL Rallies 15%

cryptonews.com:

Bitcoin price started a fresh decline below the USD 24,000 support zone. BTC even traded below the USD 23,500 support zone. It is currently (04:00 UTC) down 2% and struggling to stay above the USD 23,200 support zone.

Similarly, most major altcoins are showing several bearish signs. ETH declined and traded below the USD 1,850 support zone. XRP is still consolidating near the USD 0.370 level. ADA traded below the key USD 0.55 support zone.

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After a clear downside break below USD 24,000, the bitcoin price extended its decline. BTC traded below the USD 23,600 and USD 23,500 levels. It even tested the USD 23,200 level, where the bulls emerged. It is now consolidating losses above the USD 23,200 level. On the upside, the price might face resistance near the USD 23,600 level. The next resistance is near the USD 24,000 level, above which the price might attempt a decent increase.

If there is no recovery wave, the price might slide further below the USD 23,200 support. The next major support is near the USD 22,800 zone, below which the price could test USD 22,500.

Ethereum price also gained bearish momentum below the USD 1,900 level. ETH even traded below the USD 1,850 support and tested USD 1,820. If the bears remain in action, there might be a break below the USD 1,820 level. The next major support is USD 1,780, below which the price could accelerate lower in the near term.

On the upside, the price could face resistance near the USD 1,880 level. The next key resistance is near the USD 1,920 level, above which the price may start a steady increase.

Cardano (ADA) failed to stay above the USD 0.55 support zone. The price is now moving lower towards the USD 0.532 support level, below which it may test the USD