Bitcoin and Ethereum Continue To Struggle, EOS Surges

  • Bitcoin price slowly declined below USD 24,000.
  • Ethereum settled below USD 1,900, XRP might soon test USD 0.40.
  • DOGE is gaining pace, and EOS rallied over 10%.

Bitcoin price struggled to clear the USD 24,500 resistance zone. BTC slowly moved below the USD 24,200 and USD 24,000 levels. It is currently (04:00 UTC) struggling and might continue to move down towards the USD 23,500 level.

Besides, most major altcoins are struggling to clear key hurdles. ETH settled below USD 1,900, but it is still above USD 1,850. XRP is slowly moving higher towards USD 0.40. ADA is still above the key USD 0.55 support zone.

Total market capitalization

Source: www.tradingview.com

Bitcoin price

After facing sellers below USD 24,500, the bitcoin price extended its decline. BTC declined below the USD 24,200 and USD 24,000 levels. It tested the USD 23,650 zone, but there was no test of the USD 23,500 support zone. On the upside, the price might face resistance near the USD 24,200 level. The next resistance is near the USD 24,500 level, above which the price might start a steady increase in the near term.

If there are more losses, the price might test the USD 23,500 support. The next major support is near the USD 23,200 zone, below which the price could dive to USD 22,500.

Ethereum price

Ethereum price declined steadily below the USD 1,920 support zone. ETH even declined below the USD 1,900 level and is currently consolidating losses. On the upside, the price is facing resistance near the USD 1,920 level. The next key resistance is near the USD 1,950 level, above which the price may retest USD 2,000.

If the bears remain in action, the price might test the USD 1,850 support. If there is a downside break below USD 1,850, the price could accelerate lower in the near term.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) is still above the USD 0.55 support zone. The bulls seem to be facing resistance near the USD 0.575 level. The first major resistance is near the USD 0.585 level.

BNB is consolidating below the USD 320 level. If there is an upside break, the price may perhaps test the USD 325 level. On the downside, the main support sits at USD 312.

Solana (SOL) managed to stay above the USD 42.50 support zone. It is slowly moving higher towards the USD 44.20 level. The key barrier for the bulls could be near the USD 45 level.

DOGE gained over 8% as there was a clear move above the USD 0.0835 level. It is now struggling near the USD 0.0850 level, above which it could gain bullish momentum.

XRP price is up over 4% and is approaching the USD 0.388 level. The main hurdle is near USD 0.40, above which the price might accelerate higher in the coming sessions.

Other altcoins market today

Many altcoins are slowly moving higher, including DOT, SHIB, LTC, XMR, FIL, XTZ, EOS, QNT, ZEC, ANKR, and GALA. Out of these, EOS rallied over 10% and broke the USD 1.5 level.

Overall, the bitcoin price is still consolidating near the USD 24,000 zone. If BTC clears the USD 24,500 resistance, it could start another increase.

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This news is republished from another source. You can check the original article here.

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