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- The Bitcoin price fell below the level of
USD. - Ethereum has tested USD 2,600, XRP is below USD 0.75.
- FIL, AR and UNI have risen by around 10%.
The Bitcoin price gained momentum for a movement above the resistance zone of 38,500. BTC attempted an uptrend above USD 39,500 and USD40,000, but corrected downwards when Russian President Vladimir Putin put Russia’s nuclear deterrent on alert on Sunday in the face of a barrage of Western reprisals for its war against Ukraine.
BTC is currently down 2% (04:30 UTC) and is trading near USD 37,900 and could be well above the USD37,200 support zone. Similarly, most major altcoins correct gains. ETH rose above USD 2,700 and is currently consolidating near USD2,600 after falling almost 4% in one day. XRP is stable above USD 0.70 And is facing resistance near USD 0.75. ADA is showing positive signs above USD 0.865.
Total Market Capitalization
Bitcoin price
After a strong upward movement, the Bitcoin price faced sellers near USD 39,500 and USD 40,000. It started a downward correction and was trading below USD 38,500. It now holds gains above the USD 37,500 support zone. The next important support is located near the USD 37,200 level, below which the price could potentially drop to USD 36,500.
On the upside, the price is facing resistance near the USD 38,500 level. The main weekly resistance is near the USD 40,000 level, above which the price could gain bullish momentum.
Ethereum Price
The Ethereum price also gained momentum for a movement above the resistance of USD 2,750. ETH rose above USD 2,800, but there was no movement towards USD 3,000. The price is now consolidating near the USD 2,600 level. The next important support is located near the USD 2,550 zone, below which the price could test USD 2,420.
On the upside, the price is facing resistance near the USD 2,650 level. The next important resistance is located near the USD 2,750 zone, above which the price could potentially test USD 2,880.
ADA, BNB, SOL, DOGE and XRP price
Cardano (ADA) rose above the resistance level of USD 0.90. However, it could not continue higher than USD 0.92. It is now consolidating gains and could make another attempt to clear the USD 0.92 Resistance zone.
BNB is facing a strong resistance near the USD 380 level. It is now stuck near the USD 360 level. The main breakdown support is near USD 350, where the bulls could continue to take a stand.
Solana (SOL) consolidates near the support level of USD 85. If there is another decline, the price could test USD 78 or even USD 75. On the upside, the USD 92 level is a major hurdle, above which the bulls could seek a move above the USD 100 level.
DOGE is stuck below the USD 0.132 And USD 0.135 Resistance levels. A clear movement above the level of USD 0.135 Could initiate a stronger upward movement in the coming sessions.
The XRP price struggled to clear the USD 0.75 Resistance zone. It is now consolidating near USD 0.72. The main support is near USD 0.70, Below which the price could test USD 0.668.
Other Altcoins Market today
Some altcoins have risen by over 5%, including UNI, FIL, FLOW, AR, CELO and RVN. Of these, UNI recovered by 10% and quoted above the level of USD 9.70, While FIL erased the level of USD 20, and AR approached USD 30.
Overall, the Bitcoin price is consolidating below the USD 38,500 and USD38,800 resistance levels. If BTC clears USD 38,800, it could rise towards the USD40,000 hurdle.
