- Bitcoin failed to stay above the $24,000 resistance.
- Ethereum broke below USD 1,700, XRP fell towards USD 0.36.
- All top 100 altcoins are also correcting their gains.
The bitcoin price climbed towards $24,500 before facing the sellers. BTC is currently trading (11:49 UTC) at nearly $23,800 and is still up 2% in one day and nearly 3% in one week.
Likewise, all major altcoins are correcting their gains. ETH is trading below $1,700 again, while XRP failed near the $0.388 resistance zone and ADA fell towards $0.52.
Total market capitalization
After a close above USD 24,000, bitcoin price boosted higher. It traded near the $24,500 level before the bears emerged and pushed the price below $23,800. If the bulls manage to push BTC back towards $24,000, a next immediate resistance is located at $24,250. The next major resistance may be at $24,450, above which the price may rise towards the $25,000 resistance.
On the downside, an initial support is near the USD 23,500 level. The next major support is near the $23,200 area, below which the price may accelerate lower.
Ether price broke above the resistance at $1,750. However, ETH struggled to test the $1,800 barrier and corrected lower. The price is now trading just below the USD 1,690 level and is up almost 3% in one day and 7% in one week. On the upside, the price may face resistance near $1,750. The next key resistance is near the $1,780 level, above which the price may accelerate higher.
On the downside, the next major support is near the $1,650 area, below which the price may initiate a stronger downward correction.
ADA, BNB, SOL, DOGE and XRP prices
Gimbal (ADA) cuts its gains (it is still up almost 5% in one day) and trades below the resistance of $0.535. The next major upside resistance is near the $0.55 level, above which the price may rise towards $0.588.
BNB accelerated above the $275 resistance level and broke through $288 before heading back down. If the bulls return, the price might rise towards the $300 level.
Solana (SOL) rallied back to the $42 level after peaking above $43.59, but is still up nearly 4% in one day. The next key resistance is USD 45, where the bears could once again take a position.
DOGE failed to stay above the resistance of $0.0700, where it even tested $0.0725. If there are more gains, the price could rise towards $0.0750.
XRP Price is up 3% and is trading just below the $0.370 level. If it resumes its uptrend, the price may soon test the USD resistance level of 0.388. The next major resistance is near the $0.40 level.
Market of other altcoins today
All of the top 100 altcoins are cutting their big gains today. Either way, tokens such as QTUM, FXS, CRV, CAKE, KLAY, GRT, ETC, BTG, and RVN are still up 10% to 34% in one day.
In summary, despite the correction, bitcoin price is still trading in a positive zone above $23,500. If BTC climbs higher, it might visit the $25,000 resistance zone.