Bitcoin and Ethereum Rally Stalls, Superhot LEO Trims Gains
Bitcoin price spiked above the USD 45,000 resistance zone before the bears appeared. BTC topped near USD 45,300 and started a downside correction. It is currently (04:23 UTC) trading near USD 43,500 and might test the USD 42,750 support.
Similarly, most major altcoins are also moving lower. ETH spiked above USD 3,200 before there was a drop below USD 3,100. XRP is now consolidating gains near the USD 0.85 level. ADA is down 6% and trading near USD 1.15.
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After facing resistance near USD 45,500, bitcoin price started a downside correction and there was a move below the USD 43,000 level before recovering higher. On the downside, an immediate support is near the USD 43,000 level. The next key support is near the USD 42,750 level, below which the price might drop to USD 42,000.
On the upside, an initial resistance is near USD 43,850. The next major resistance is near the USD 44,000 level, above which the bulls might retest USD 45,000.
Ethereum price also attempted a clear move above USD 3,200 resistance but failed. As a result, ETH started a downside correction below USD 3,100 and might test the USD 3,040 support. The next major support is near USD 3,000, below which there is a risk of a sharp decline.
If there is another increase, the price might face resistance near USD 3,150. The next key resistance is still near USD 3,200.
Cardano (ADA) is down 6% and trading well below USD 1.20. It is approaching the USD 1.15 support. If there is a downside break, the price might slide towards USD 1.12. The next major support is near the USD 1.08 level.
Binance coin (BNB) is also down almost 6% and trading below USD 420. It might soon test the USD 400 support zone. If the bulls fail to protect USD 400, the price
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