Market situation: Bitcoin and Atrium reform at the same time with the jump of some coins
The price of Bitcoin failed to stabilize above the $ 43,200 level and traded below the $ 42,000 support. Bitcoin is currently tending to move below the $ 41,500 level with a price drop of almost 5%.
To Report Crypto News: Most major altcoins are also experiencing a downtrend. Atrium fell 6 percent to below $ 2,750. XRP was down nearly 6 percent, and Cardano fell below its key $ 0.9 support.
Bitcoin prices
The price of Bitcoin could not stay above the support levels of $ 43,200 and $ 42,500 and moved below these support levels to the point where it trades below the $ 42,000 level. Bitcoin then tested its $ 41,000 support and is now hovering around $ 41,400. The closest bitcoin support is in the $ 41,050 range, and the next key support is near the $ 40,000 level. If the price of Bitcoin exceeds these support levels, then it will fall sharply.
If the price rises, we will face resistance near the $ 42,000 level. The next key resistance is near the $ 42,550 level, and if Bitcoin overcomes these resistances, it will climb very fast.
Also read: Ascending intersection on Bitcoin and Phantom charts; 5 currencies to watch this week
Atrium price
Atrium prices are also falling, falling more sharply after breaking support at $ 2,880 and now approaching the $ 2,700 support area. The next key support is close to the $ 2,650 level, which may break down to $ 2,500 if broken.
If the price of Atrium wants to go up, it will face its first resistance in the range of $ 2,800. If this resistance is reversed, Atrium will face a $ 2,850 barrier.
The price of Altcoins
Cardano, which broke its $ 0.92 support, is now trading at around $ 0.90. There are also signs of a drop in prices to $ 0.88. If market bears continue to push hard to lower prices, Cardano’s price may fall below $ 0.85.
The BNB also fell below $ 400 a barrel, falling 3 percent. The digital currency is currently trading close to the $ 388 support level. Further reductions may push the price up to $ 365.
Solana also backed his $ 95 support with an 8% price cut. The price is currently approaching $ 90. Solana’s next major support is close to $ 85, and it looks like the digital currency intends to test the $ 80 level as well.
Dodge Quinn trades at $ 0.1265. If possible, the price may even drop to $ 0.12. If the price moves up, the first support is close to $ 0.130 and the next support is at $ 0.132.
XRP trades below the $ 0.75 support level. Its $ 0.72 support is still in place; But if this support fails, the price will drop to $ 0.70.
Many other altcoins have seen their prices fall by more than 5 percent. Meanwhile, OKB and WAVES are on the rise, trading at a 10 percent jump in the $ 20 range.
Overall, the price of bitcoin is falling to $ 40,000 support. If Bitcoin can stay above this support, there is a risk of a sharp decline in price.