Bitcoin, Ethereum, and Major Altcoins Test New Lows, MANA and ATOM Rally
Bitcoin price remained in a bearish zone below the USD 45,000 level. BTC even dived below USD 40,700 and is currently (04:59 UTC) trying to recover above USD 41,200.
Similarly, most major altcoins increased their losses this week. ETH dropped to USD 3,130 before moving to USD 3,180 again. XRP broke the USD 0.75 level but is trying to recover now, while ADA moved back above USD 1.20 again.
Total market capitalization
After a major decline, bitcoin price found support near the USD 40,600 level. On the upside, an initial hurdle is near the USD 42,500 level. The first major resistance is near USD 44,000, above which the price might rise towards the USD 45,000 level.
If it fails to recover above USD 42,500, it might spark a sharper decline in the coming sessions.
Ethereum price tested the USD 3,130 level, where the bulls took a stand. However, ETH is struggling to start a decent recovery wave above USD 3,300. The next key hurdle is near USD 3,450, above which the price might rise towards USD 3,7550.
If it fails to recover above USD 3,300, there is a risk of a move towards USD 3,000.
Cardano (ADA) spiked below the USD 1.20 level. It tested USD 1.18 and started a decent recovery wave. The bulls pushed the price above USD 1.20, but the price could struggle to continue higher above USD 1.28.
Binance coin (BNB) broke the USD 450 support level and is now trading near USD 447. It is stuck in a range, with an immediate resistance near the USD 470 level. The next major resistance is near the USD 480 level.
Solana (SOL) failed to stay above the USD 150 support level. The bears even pushed the price towards USD 140. It is now consolidating and there is a risk of more downsides towards USD 132.
DOGE broke the USD 0.150 support level before moving
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