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.
