Energy Web Token Declines Further Among Other Altcoins – Bitcoin and Ethereum Still Struggling
- Bitcoin is struggling close to USD 35,000.
- Ethereum settled under USD 2,500, XRP struggles to remain above USD 0.60.
- CRO, KDA, and ATOM are up over 5%.
This previous weekend, bitcoin price began a strong decline under the USD 40,000 support. BTC traded under the USD 35,000 level to maneuver further into a bearish zone. It’s presently (05:36 UTC) consolidating losses close to USD 35,000.
Equally, most main altcoins declined sharply. ETH traded beneath the key USD 2,650 support zone. XRP declined and even spiked under USD 0.60. ADA tumbled and there was a sharp decline to USD 1.00 before recovering.
Total market capitalization
In the previous two days, bitcoin price noticed a steep decline under the USD 40,000 support. BTC declined significantly under the USD 38,000 and USD 37,000 level. It even broke the USD 35,000 support and tested USD 34,000. It’s now recovering and going through resistance close to USD 35,500. The subsequent main resistance is close to USD 36,500, above which the price might begin a wave in direction of USD 38,000.
On the downside, a preliminary support is close to the USD 34,500 level. The subsequent main support is close to USD 34,000, below which the price may resume its downtrend.
Ethereum price also began a serious decline under the USD 3,000 support level. ETH even settled beneath the USD 3,650 level. It tested USD 2,400 and is presently consolidating losses. On the upside, an instantaneous resistance is near USD 2,500. The following key resistance is close to USD 2,650, above which the price would possibly begin a stronger correction wave.
An preliminary support is close to the USD 2,400 level. The following main support is close to USD 2,350, under which the price may dive in direction of USD 2,120.
ADA, BNB, SOL, DOGE, and XRP price
Cardano (ADA) gained bearish momentum under USD 1.10. It even spiked under USD 1.00 before there was a recovery wave. The price is again above USD 1.00, however it’s dealing with resistance near USD 1.12.
Binance coin (BNB) settled under the USD 400 level and tested USD 350. If there’s a recovery wave, the earlier supports close to USD 385 and USD 400 may act as robust hurdles. On the downside, the primary support sits close to USD 350.
Solana (SOL) continues to be down nearly 6% and each day closed under USD 100. If the bears stay in motion, the price might decline in direction of the USD 75 level. The following main support is close to the USD 66 level.
DOGE is struggling to remain above the USD 0.135 level. If there’s a clear downside break, the price may decline in direction of USD 0.120. The following main support is close to the USD 0.105 level.
XRP price is consolidating close to the USD 0.60 level. A direct support is close to the USD 0.580 level. The following key support is close to USD 0.550, under which there’s a threat of a steep decline in direction of USD 0.50.
Additional altcoins market right now
Many altcoins are down over 5%, together with DOT, MATIC, UNI, NEAR, ALGO, TRX, HBAR, VET, and SAND. Conversely, ATOM gained nearly 8% in a day and recovered above USD 32, trimming its weekly losses to lower than 25%. CRO increased nearly 6% in a day, nearing USD 0.366 and trimming its weekly losses to 21%.
Overall, bitcoin price is trading in a bearish zone beneath the USD 38,000 level. If BTC stays under USD 36,500 and USD 38,000, there may very well be further losses.