- The price of Bitcoin is struggling to recover above $500.
- Ethereum is locked under €0,60, XRP can extend losses under €XNUMX.
- QNT jumped XNUMX% and shows positive signs.
The price of Bitcoin started a downward correction below the $000 level. BTC still traded below the $000 level. Today (11:53 UTC) it is struggling to break above the €500 resistance level.
Similarly, most of the top altcoins face hurdles. ETH could gain momentum if there is a clear move above €0,60. XRP could test a steeper correction if it closes below €XNUMX. ADA is taking hold near the pivot level of €one hundred and two.
Total market capitalization
Source: tradingview.combitcoin price
After breaking below €37,500, the cost of bitcoin extended its decline as the cost fell last night on the US stock market after hours following a disappointing Fb earnings report. BTC still traded below the €37 zero level and is now entrenching its losses, with initial support near the €36 level. The next big support is near $000. If there are more losses, the cost could drop to the $000 level.
To the upside, an initial resistance is near the $500 level. The next major resistance is near the €37 level, where the cost could rise above the €38 level.
ether price
The cost of Ethereum was established below the level of € two and seven hundred. If the ETH bears continue in action, there could be a move under the €2550 hundred support. The next essential support is near €2400, below which the cost could revisit the €XNUMX area.
On the upside, the cost could probably face resistance around €2,720. The next key resistance is near the €2750 level, where the cost can retest €2800.
ADA, BNB, SOL, DOGE and XRP prices
Cardano (ADA) is taking hold near the €1,02 support. Overriding support is still close to €XNUMX. If there is a break below €XNUMX zero, the cost could rush lower in the short term.
Binance Coin (BNB) is struggling to hold above the €365 support zone. If there is a break below €365, the cost could test the €355 level. The next big support is near $XNUMX.
Solana (SOL) is down twelve percent and there was a break below the $95 level. The next big support is near the €88 level. If the bears are still in action, the cost could slide towards the €XNUMX level.
DOGE could start a stronger drop if there is a break below the €0.135 support. The next key support is at €0.122. Otherwise, there could be an auxiliary increase face €0.145.
The cost of XRP rose below the €0,60 level. A daily close below the €0,60 support could potentially trigger further losses. In such a case, the cost could still fall below the €0,58 support.
Other altcoins market today
Many altcoins are down more than five%, including LUNA, DOT, AVAX, MATIC, ATOM, LTC, LINK, UNI, ALGO, BCH, FTM, and XLM. By contrast, QNT essayed a huge rally above the $XNUMX level and was up XNUMX% in one day and XNUMX% in one week.
“The events that unfolded last night could have helped cause the increase in QNT <...>. In truth, Quant aims to run a multi-chain solution that allows users to build decentralized applications that are not dependent on a single blockchain. Quant's goal of connecting blockchains and networks globally is ambitious, but if successful, it paves the way for incredible profits. The market clearly sees Quant as a safer bet to achieve this after last night's attack, as it has seen a significant increase in buying volume in the last XNUMX hours," said Marcus Sotiriou, analyst at GlobalBlock, a digital asset broker based in the UK. in a comment sent by e-mail.
In short, the price of bitcoin is struggling to recover over €800. If BTC fails to sustain above €36 zero, the bears could take control and push the cost below €35 zero.