After bitcoin started a fresh decline from the USD 48,000 resistance zone and spiked below the USD 45,000 support zone, it managed to return above this level and is currently (11:31 UTC) trading near USD 45,200 again. BTC is down 4% in a day.

Similarly, most major altcoins are trying to recover losses. ETH declined below USD 3,300, but it remained stable above USD 3,200. XRP managed to stay above the USD 0.80 support. ADA declined below USD 0.15.

Total market capitalization

After a sharp bearish wave, bitcoin price spiked below the USD 45,000 level. However, the bulls were active near the USD 44,000 level. The price is now attempting a recovery wave above USD 45,000. On the upside, the price might face resistance near the USD 45,500 level. The next major resistance is near the USD 46,000 level, above which the price could rise towards the USD 47,000 level.

On the downside, an immediate support is near the USD 44,200 level. The next major support is near USD 44,000, below which the price could accelerate losses in the near term.

Ethereum price declined below the USD 3,300 level and is now down 3% in a day. ETH even spiked below USD 3,250, but the bulls were active above the USD 3,200 level and the price neared USD 3,300 again. A downside break and a close below the USD 3,200 support could spark a sharper decline in the near term.

On the upside, the price might face resistance near USD 3,320. The next key resistance might be near the USD 3,350 level, above which the price may perhaps test USD 3,450.

Cardano (ADA) nosedived below the USD 1.10 level and tested the USD 1.05 support. It is showing a few signs of an upside correction, but the USD 1.20 level could act as a strong resistance in the near term.

BNB declined and even