Bitcoin and Ethereum Trim Gains, RUNE and WAVES Rally
Bitcoin price struggled to clear the USD 42,500 resistance and is currently (04:20 UTC) correcting gains near USD 40,700, while a major support is near the USD 40,000 zone.
Similarly, most major altcoins are also moving lower. ETH failed to stay above USD 2,750 and corrected near USD 2,650. XRP outperformed many major coins and settled near USD 0.75. ADA failed to stay above the USD 0.85 pivot level.
Total market capitalization
After a steady increase, bitcoin price faced sellers near the USD 42,500 zone and declined below the USD 41,200 level. The next key support is near the USD 40,200 and USD 40,000 levels, below which the price may perhaps decline to USD 39,500.
On the upside, the price might face resistance near the USD 41,200 level. The next major resistance is near the USD 41,500 level, above which the price might retest USD 42,500.
Ethereum price spiked above the USD 2,750 level, but there was no successful close. ETH is now correcting gains and testing the USD 2,650 support, below which the price might revisit USD 2,550.
If there is a fresh increase, the price could clear USD 2,720. However, a clear move above USD 2,750 is needed for a stronger increase.
Cardano (ADA) was able to climb above the USD 0.850 resistance zone, but there was no upside continuation. The price is correcting gains below USD 0.82. Any more losses could send the price towards USD 0.80.
BNB spiked above the USD 395 resistance level and tested the USD 400 barrier. The price is correcting gains and it broke the USD 385 support, risking to slide to USD 375.
Solana (SOL) failed to clear the USD 90 level and dropped below the USD 85 level. If there are additional losses, the price may perhaps decline towards the USD 80 level.
DOGE gained pace above the
Read more on cryptonews.com
