Bitcoin and Ethereum Consolidate, LEO Trends Lower, XTZ Accelerates
Bitcoin price started a downside correction from the USD 45,500 zone. BTC corrected lower below the USD 44,000 level. It is currently (11:55 UTC) consolidating near USD 43,800 and preparing for the next key move.
Similarly, most major altcoins are also preparing for the next move. ETH corrected lower from USD 3,200, but it managed to get back above USD 3,100. XRP is holding gains above USD 0.80. ADA might remain well bid above the USD 1.12 support zone.
Total market capitalization
After a bearish reaction, bitcoin price declined below the USD 44,000 support zone. BTC even spiked below the USD 43,000 support. However, the bulls protected the USD 42,750 support and the price moved towards USD 44,000 again. If they fail to protect USD 42,750 and USD 42,500, there is a risk of a sharp decline. The next key support is near the USD 41,250 level.
On the upside, an initial resistance is near USD 44,000. The next major resistance is near the USD 44,200 level, above which the price could revisit USD 45,500.
Ethereum price also started a downside correction from the USD 3,200 zone. ETH declined below USD 3,100, but there was a strong buying interest near USD 3,030 and USD 3,020, and the price moved to the USD 3,150 level again. A downside break below USD 3,020 and USD 3,000 might start another stronger decline.
Conversely, the price may perhaps start a fresh increase above USD 3,150. The next key resistance is still near USD 3,200, above which the bulls might gain strength in the near term.
Cardano (ADA) declined below the USD 1.165 and USD 0.150 support levels. However, the bulls appeared near USD 0.132, and the price recovered. To start a fresh increase, the price must settle above the USD 1.20 level.
Binance coin (BNB) tested the USD
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