Bitcoin and Ethereum Try to Recover, SOL Gains Strength

The Bitcoin price was below the pivot level of USD.

• Ethereum moved above USD 2,700 again, XRP is still struggling below USD 0,800.
• SOL gained almost 7%, QNT jumped by 10%.

The Bitcoin price remained in a negative zone and was below the level of USD 40,000. BTC was even traded below USD 38,800 and tested USD 38,000. It is currently (04:21 UTC) correcting losses above USD 39,000, but the bears could remain active near USD40,000.

Similarly, most major altcoins face hurdles. ETH fell below the USD 2,650 support level before recovering. XRP is still trading below USD 0.80. ADA tested USD 0.92 Before correcting higher.

Bitcoin price

After a bearish move below USD 41,200, the Bitcoin price extended the losses. BTC broke through the important support level of USD 40,000 and even fell below USD 38,800. It tested USD 38,000 and jumped over USD 3,9000 today. BTC is now facing resistance near the USD 39,200 level. The main weekly resistance is near the USD 40,000 level, above which the price could rise to USD 41,200.

On the other hand, the level of USD 38,200 is a short-term support. The next important support is located near the USD 37,500 level, below which the price may decline towards the USD 36,500 level.

Ethereum Price

The Ethereum price gained momentum under the USD 2,800 support zone and briefly rose below USD 2,600. It is now correcting higher and trading above USD 2,700. An immediate resistance is located near the USD 2,750 level. The next important resistance is located near the USD 2,880 zone, above which the price could potentially test USD 3,000.

If there is another decline, the price could test USD 2,650. The next important support is near the levels of USD 2,600 and USD 2,550.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) gained bearish momentum under the USD 0.95 Support. It even dropped below USD 0.925 And tested the support zone of USD 0.92. The price is now recovering, but the bears may be active near USD 1.00.

BNB dropped below the support zone of USD 385 and tested USD 375. It is now correcting losses with an immediate resistance at 392. The main weekly resistance is now at USD 400.

Solana (SOL) has risen by almost 7% and there was a clear movement above USD 92, which eliminated all weekly losses. The main breakout zone is located near the USD 100 level, above which the bulls could test USD 112.

DOGE broke the key USD 0.140 Support level and tested USD 0.135. If there is a recovery wave, the price may encounter resistance near USD 0.145. On the other hand, the level of USD 0.135 Is a strong support.

The XRP price was below the USD 0.80 Support. It even tested the support of USD 0.765 And is currently correcting higher. However, a clear move above USD 0.80 Is a must for a steady rise.

Other Altcoins Market today

Some altcoins are in the green zone, including LUNA, SHIB, ATOM, LEO, MANA, AXS, ZEC and QNT. Of these, QNT recovered by more than 10%, surpassing the level of USD 115, reducing weekly losses to 2%.

Overall, the Bitcoin price is showing bearish signs below the USD 40,000 support. BTC could extend losses if the bulls do not push the price above USD 40,000.