The price trend has not risen yet

The price of Bitcoin not only did not rise, but fell below $ 29,000 and even fell to support of $ 28,550. Currently, the price, which has decreased by 2% compared to yesterday and has increased by 1% compared to last week, is stabilizing at around $ 29,200.

To Report Cryptonews, most of the main penins on the market are also located in the Red Zone. Atrium dropped below $ 1,950 and tested $ 1,900 before recovering. XRP returned below $ 0.40 support for a short time after falling in price. Cardano reached his support in the $ 0.50 area.

Bitcoin prices

After the price of Bitcoin closed below the $ 30,000 area, the price remained in the downtrend area. Initially reaching $ 29,200 and even testing the $ 28,500 area, it has continued to work and has now stabilized at $ 29,000 in the area. The main support is close to the $ 28,550 level and the next key support is at the $ 27,800. If you fall to the lowest level of this support, it is possible to reach $ 27,200.
If the bitcoin trend is bullish, it will face the first resistance in the $ 29,500 area. The next key resistance is now near the level of $ 30,000 and then $ 30,500.

Atrium price

Atrium also lost support at $ 2,000, falling below support levels of $ 1,950 and $ 1,920; It even tested the $ 1,900 support level and then returned to the $ 1,950 range. The next key support is in the range of $ 1,880, and if the price falls below this area, we should expect it to reach the range of $ 1,840. Atrium is down 4 percent from yesterday and 6 percent from the previous week.
If the trend is bullish, the first resistance is in the range of $ 1,980. The next key resistance is near the level of $ 2,000, and if this resistance is crossed, the upward trend will intensify.

The price of Altcoins

Cardano fell 7% and we can now see a move towards $ 0.52 support. Prices also fell to $ 0.50; But it improved a little. If the price closes below $ 0.50, the possibility of accelerating the downtrend will increase.

BNB is below $ 300 and has even dropped to $ 288; But it returned to above $ 295. If the digital currency closes below $ 288, the price could fall to $ 265.

Solana traded down 8 percent below $ 50. The key support for this digital currency is in the $ 46 range, and breaking it could lower the price to $ 42.

The Dodge Quinn traded below the $ 0.085 support level and even dropped to the $ 0.0820 level; But it improved a little again. The next major support is in the range of $ 0.080, and if the price falls below it, it is possible to reach $ 0.075.

XRP fell 4 percent to below $ 0.40 and then improved slightly. Closing below $ 0.40 could cause a sharp drop in the price to reach the level of $ 0.35.

Also read: Digital currency price analysis; 5 currencies to watch this week

Most of the coins on the market today were declining, and many of them have experienced more than 5% price reductions. Meanwhile the price of digital currency اُرس‌دیفای (AurusDeFi) grew more than 4% to over $ 21 and rose 12% in one week.

In short, the price of Bitcoin below the $ 29,550 level is showing signs of decline. If Bitcoin falls below $ 28,550, it could fall as low as $ 27,200.