Bitcoin fell below $ 47,000 after failing to break the $ 48,500 resistance. Currently, each bitcoin unit has reached a support of $ 46,000 with a decrease of 5%.
to the Report Cryptonews, other digital currencies such as Bitcoin fell in price. Ethereum, meanwhile, broke its $ 3,300 support and Cardano fell 9 percent to below $ 2.2.
As we said, the price of Bitcoin failed to cross the $ 48,000 barrier, and that sparked a sharp drop in prices. After that, we first saw the breaking of $ 47,200 support and then $ 47,000. Falling below this area, traders increased their activity in the market and Bitcoin fell below $ 46,000. In the current situation, $ 45,200 is the first support for Bitcoin, and $ 45,000 acts as a major resistance.
If the price recovers, $ 46,200 is one of the resistances. $ 47,200 which is a weekly resistance. This area has previously served as a support.
Cardano’s price failed to stabilize above the $ 2.4 support, which caused the price of this digital currency to fall. Cardano is currently down 7% below $ 2.2. $ 2.05 is Cardano’s main support, and if it breaks, one should expect a further fall.
The price of Litecoin, which has seen many ups and downs in recent months, could not reach above $ 200. The failure of this digital currency to cross this resistance caused it to reach below the support levels of $ 180 and $ 172. LightCoin currently trades in the $ 167 range and has lost 7% of its value in 24 hours. $ 155 is a significant support for this digital currency, and breaking it opens the way for further falls.
Dogecoin was one of the currencies that fell 7%. After the fall, the price fell below the support of $ 0.232. Buyers are currently seeking protection from the $ 0.22 support. Breaking this level may reinforce the downtrend. On the other hand, there is a possibility of an upward correction of the Dogecoin price and crossing $ 0.235 in the short term.
Ripple, the market number six digital currency, has fallen 8 percent in the past 24 hours and is currently trading in the $ 0.99 range. The break of the key support of $ 1 is a sign of decline for the market. $ 0.95 is the next key support for the Ripple price move, and crossing this area could cause it to fall to $ 0.88.
Luna, Ias, Hadra Hashgraf, Solana, Bitcoin Sue and Iota are among the digital currencies that have lost more than 10% of their value in the last 24 hours. Among these currencies, Luna had one of the sharpest falls with a 14% drop. Meanwhile, CELO has once again crossed $ 6 with a growth of 12%.