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Bitcoin and Ethereum Keep Moving Lower, HT Rallies

  • Bitcoin is moving lower below USD 24,000.
  • Ethereum is struggling to settle above USD 1,900, XRP might revisit USD 0.355.
  • HT rallied on the Huobi sale news.

Bitcoin price struggled to clear the USD 24,200 resistance zone and moved below USD 24,000 again. It is currently (11:49 UTC) trading near USD 23,800 and is down almost 4% in a day and up 5% in a week.

Besides, most major altcoins are also moving lower. ETH could accelerate lower if it breaks the USD 1,850 support. XRP is struggling to clear the USD 0.385 level. ADA might drop towards the USD 0.512 support.

Total market capitalization

Source: tradingview.com

Bitcoin price

After facing hurdles above USD 24,200, bitcoin price started another decline and is now showing bearish signs below the USD 24,000 level. On the downside, an immediate support is at USD 23,650. The next major support is near the USD 23,500 zone, below which the price could extend losses. In this case, the price may perhaps decline to USD 23,000.

On the upside, the bears might remain active near the USD 24,200 level. The next resistance is near the USD 24,500 level, above which the price might gain bullish momentum.

Ethereum price

Ethereum price is still holding gains above the USD 1,850 level. However, ETH is struggling to gain strength above the USD 1,900 level and is down 2% in a day and up 17% in a week. If it reacts to the downside, it might test the USD 1,850 support. The next major support is near the USD 1,820 zone.

On the upside, an immediate resistance is near the USD 1,920 level. The next key resistance is near the USD 1,950 level, above which the price may rise to USD 2,000. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is facing hurdles near the USD 0.535 level. ADA is moving lower and might test USD 0.520. The next major support is near USD 0.512, below which the price might drop towards the USD 0.500 level.

BNB is down 3% and trading below the USD 325 level. It is now approaching the USD 320 level. Any more losses might open the doors for a move towards the USD 300 level.

Solana (SOL) failed to clear the USD 45 resistance and corrected lower. The price is now consolidating near the USD 42.50 level and is at risk of a move towards USD 41.20.

DOGE is struggling to climb higher above the USD 0.0725 level. If the bears remain active, there could be a move below the USD 0.0700 support level. The next major support is USD 0.0685.

XRP price is consolidating below the USD 0.385 resistance. If there is no bullish wave above USD 0.385, the bears could push the price towards the USD 0.350 support.

Other altcoins market today

A few altcoins are moving lower, including AVAX, MATIC, UNI, FTT, XMR, APE, FLOW, SAND, AAVE, QNT, LDO, and EGLD. Conversely, HT rallied 16% in a day and surpassed the USD 5 level, becoming the best performer among the top 100 coins, on the news that the Huobi crypto exchange (HT is its native token) might get a new owner.

To sum up, bitcoin price is signaling a stronger downside correction if it fails to settle above USD 24,000. Conversely, BTC may still rise towards the USD 25,000 resistance.


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