Sunday, June 23, 2024

Bitcoin and Ethereum are on the decline, while XRP is on the rise.

Bitcoin was unable to go higher than the resistance level of $48,500. It faced a new decline and was trading lower than $47,500. Its current price indicates bearish signals, and the risk of it sliding below $46,500 cannot be ruled out. Most prominent altcoins are also trading at lower prices. ETH was unable to cross $4100 and went below $4000. XRP saw a new rally and went past $0.90. ADA is trading lower by 5% and can revisit $1.20.

Bitcoin and Ethereum Prices

Bitcoin faced resistance after coming close to $48,500. It is currently down by 2% and can go lower to $46,500. The next prominent weekly support level for it is around $45,500. Below that price, it can touch $43,000. However, the initial resistance can emerge at $47,500. The major resistance level for it remains at $48,500. If it goes above that, it can start accelerating toward $50,000. Ethereum was unable to go past the $4100 resistance level. It faced a new decline and was trading below $4000. ETH price is moving lower and can test $3900. The next major support level is around $3880. Below that price, it can slide down toward $3650. It will start seeing resistance at $4000.

XRP, BNB, DOGE, and ADA

XRP has outperformed and trading above the resistance level of $0.850; it is up by 9% and trading over $0.90. Its next prominent resistance level is around $0.920. Over this level, the price can test $0.965. BNB, the Binance coin, is sliding and trading near $525. DOGE was sliding and trading under $0.180. SOL of Solana is trading below the support level of $180.

Some altcoins like LUNA, AR, CEL, OKB, and DCR are up by 5%. OHM had gained 18% and crossed the $410 level. Overall, bitcoin is sliding and trading under $47,500. Bears can gain strength if it goes below $45,500.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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