- Cardano (ADA) is down 5% and has broken below USD 1.32.
- BNB couldn’t hold above USD 600, a new slide began.
As a result, Bitcoin’s price failed to break the USD 50,000 barrier, and BTC fell below USD 49,000 support. It is down over 2%, around USD 48,500. However, most big cryptocurrencies are down 3-10% today, while BTC is up 3%. Except for XRP, which is flat following a big surge over USD 0.90. ETH fell 5% and traded below USD 4,200. ADA is approaching USD 1.30.
After a dip below USD 50,000, bitcoin’s price failed to rise again. BTC fell below USD 49,000, but bulls held USD 47,000. With support at USD 48,500 and resistance near USD 49,500. The main resistance is about USD 50,000. A closing over USD 49,500 and 50,000 may allow for more gains. The next important hurdle is USD 52,000.
Major Altcoins Tumble
Downside support is at USD 47,800. The next big support is USD 47,000, where the price may fall further. The price of Ethereum fell below the USD 4,400 barrier. ETH fell below USD 4,250 and USD 4,200. Initially, support is at USD 4,150. The next major support is USD 4,050, where the bears may gain power.
Cardano (ADA) is down 5% and has broken below USD 1.32. The next major support is at USD 1.30. A closing below USD 1.30 might trigger a slide towards USD 1.20.
BNB couldn’t hold above USD 600, a new slide began. The USD 585 support was broken. It is already trading below USD 580 and may fall to USD 565, from whence it may fall to USD 550.
Solana (SOL) fell 6% and touched USD 180. Any more losses may bring the market near USD 165. The first barrier is at USD 188, and it might increase to USD 200.
