Bloody day of all the top digital currencies
Bitcoin, which tried to break the $ 40,000 resistance yesterday, failed to do so and has resumed a new wave of price declines, falling below $ 38,500 support. The price of Bitcoin has dropped by 8% in one day and is currently stabilizing at around $ 36,500. The price of bitcoin has decreased by the same amount compared to last week.
To Report Cryptonews, most of the major pennies on the market have also experienced sharp price declines. Atrium support at $ 2,780 and $ 2,750 could not survive the sharp drop in prices. XRP lost support at $ 0.60 and even felt the risk of falling below $ 0.58. Cardano also traded down 11 percent, now trading below $ 0.8.
Bitcoin prices
Following the fall of the Bitcoin price to near $ 40,000, the $ 38,500 range was tested and the price fell below the $ 36,500 level. Prices are currently hovering above $ 36,200. The first bitcoin resistance is in the $ 37,000 range and the next key resistance is now forming at $ 37,500.
If the price wants to maintain its downtrend, the initial support is close to $ 36,000 and the next key support is in the range of $ 35,400. If this support is broken, the downward trend in the price of bitcoin will intensify.
Atrium price
Atrium also fell before breaking the $ 2,950 resistance to $ 2,700, although it was able to offset some of the losses and is now stabilizing near the $ 2,750 level. Atrium is resisting in the $ 2,800 range. The price of this digital currency has decreased by about 7% compared to yesterday and 6% compared to the previous week.
If the Atrium trend continues to decline, the first support is in the range of $ 2,700. The next key support is in the range of $ 2,680, which is likely to fall to $ 2,620 if it breaks.
The price of Altcoins
Cardano reversed its recent uptrend, falling below its $ 0.85 support. Cardano is expected to drop as low as $ 0.80 and cross the $ 0.75 resistance.
The BNB lost $ 380 support, down 6 percent. If fans of falling prices or so-called market bears remain active, there is a possibility of falling prices up to $ 365. But if this digital currency takes an uptrend, it will face resistance in the $ 385 range.
The price of Solana also fell before reaching $ 90 and fell below the $ 85 support by 12%. The next key support is in the $ 80 range.
Dodge Quinn lost $ 0.130 support and even dropped to $ 0.125 support. If this support is broken, the price will drop to $ 0.122.
XRP also traded below $ 0.60 support and even dropped to $ 0.58; But it was recovered. The price of this digital currency has decreased by 7% compared to yesterday. In order to hope for the start of an upward wave in the price of this digital currency, the price must exceed $ 0.632.
Also read: Check historical data: May is the time to sell bitcoins?
All of the top 100 digital currencies on the market today were down, and many of them have experienced more than 8% price declines. Among them, the price of ApeCoin with a decrease of about 18% and the price of “STEPN” with a decrease of 20% attract attention.
In short, the price of Bitcoin has plummeted and key support at $ 37,500 has been broken. If the wave of price recovery begins, these lost support will appear in the role of resistance.