Bitcoin, Ethereum, Dogecoin, Solana, and Terra Tumbles to 5.3%
2022.04.27 14:01
Bitcoin, Ethereum, Dogecoin, Solana, and Terra Tumbles to 5.3%
- The global crypto market is inconstantly moving through ups and downs.
- BTC, ETH, SOL, DOGE, and TERRA prices are now following a downtrend.
- These coins were surging as of yesterday.
Despite the global crypto market value surging yesterday, most of the cryptocurrencies including Bitcoin are now crumbling to varying degrees intraday. As of yesterday, BTC was trading at a price of $40,808.42, with a 5.35% surge. At the time of writing, the coin trades more than $37K with a -5.28% dip in the past 24 hours. Specifically, this decline again indicates the $40,000 price struggle of BTC.
Additionally, the price value of Ethereum (-5.24%), Dogecoin (-10.23%), Solana (-4.25%), and Terra (-8.20%) has also tumbled. All these coins were climbing up yesterday. Furthermore, coins such as BNB, XRP, ADA, DOT, and MATIC have also plunged.
BTC/USDT 1- day chart (source: TradingView)
On April 21, 2022, BTC followed a downward trend that continued for four days. But then the coin had a slight uptick on April 25 and 26, which fell as of today. However, if BTC needs to reach back to its recent surge of $48,240.33 on March 27, it must follow an upward trend, with a gradual hike in upcoming days. Also, if the coin reaches an immediate support level of $39,000, there would be an expected surge for it.
Notably, if the BTC price breaks the support level of $36,000, it is expected to go bearish at $30,000. This would make the coin undergo the expected tension and challenge. Currently, as predicted, the coin has already gone down below its support level of $39,000.
While looking closer at the other altcoins, unlike the past day’s spiking price value, Ethereum has now fallen off the cliff. Significantly, if the coin breaks its support level of $2,766.49, the price value of ETH is expected to go bearish. However, the coin has to at least cross the resistance level of $3,321.32 to go bullish.
Meanwhile, Dogecoin soared to $0.1711 on April 25, which then slightly went down on the last day. Currently, DOGE fell to $0.1416, and if it breaks the support level of $0.1330, the coin is expected to take a great plunge. Moreover, SOL and LUNA are also trading low at a price of $97.13 and $88.25 respectively.
Continue reading on CoinQuora
