Bitcoin and Ethereum Correct Gains, SOL Inches Higher

  • Bitcoin price dropped below USD 62,000 again.
  • Ethereum failed to accelerate and corrected below USD 4,500, XRP slipped towards USD 1.15.
  • ADA rallied and broke the USD 2.05 resistance, before moving lower again.

Bitcoin price failed to stay above the USD 62,500 support zone and is now (14:18 UTC) correcting its gains. 

Besides, most major altcoins are also moving lower. ETH failed to test USD 4,650 and corrected below USD 4,500. XRP broke the USD 1.20 resistance but failed to stay above this level. 

Total market capitalization

Source: tradingview.com

Bitcoin price

After a spike above USD 64,000, bitcoin price corrected lower. BTC declined below the USD 63,500 and USD 62,500 support levels.  It is now still trading below USD 62,000, which might increase its losses today as it is already down by 2.5%.

Ethereum price

Ethereum price corrected lower and is now trading in below the USD 4,500 level. The next major support is now forming near the USD 4,420 level. ETH erased all its gains today but is still up by almost 8% in a week.

ADA, BNB, SHIB, SOL, and XRP price

Cardano (ADA) gained pace for a move above the USD 2.00 resistance. It even broke the USD 2.05 resistance level. The bulls struggled near the USD 2.12 level and the price returned below USD 2.05.

Binance coin (BNB) is correcting gains below the USD 550 level. To start a fresh increase, BNB must gain pace above USD 565. In this case, the price could rally towards the USD 580 and USD 592 resistance levels.

SHIB is down almost 9% and it even broke the USD 0.0000665 support zone. It is trading below the USD 0.0000650 level. The next key support is near the USD 0.0000620 level. If there is a downside break below USD 0.0000620, the price might slide towards USD 0.0000600.

Solana (SOL) surged above the USD 220 and USD 225 resistance levels. It even spiked above USD 230. If the bulls remain in action, the price might climb towards the USD 250 level. On the downside, the bulls may possibly remain active near the USD 220 level.

XRP price is up almost 4% and it broke many hurdles near USD 1.15. It even spiked above the USD 1.20 level, before correcting lower. The price might find bids near the USD 1.15 and USD 1.12 levels.

Other altcoins market today

Several altcoins are up over 4%, including NEXO, AVAX, AMP, SADN, MKR, and AR. Out of these. AR is up by 36% and is trading above USD 83. Meanwhile, CHZ, MANA, QTUM, and ICX are down over 9%. 

To sum up, bitcoin price moved below USD 62,000 again. If it succeeds to return above USD 62,500, BTC could start a stronger increase in the near term.


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