Bitcoin and Ethereum are struggling to recover, AR and RUNE are accelerating

by James · July 3, 2022

The Bitcoin price fell well below the USD 20,000 level.
Ethereum consolidates above USD 1000, XRP struggles close to USD 0.325.
AR and RUNE are the best athletes today.

The Bitcoin price was put below the support zone of USD 20,000. BTC is currently consolidating (04:05 UTC) close to USD 19,100 and is down 1% in one day and 9% in one week.

Similarly, most large altcoins trade below key support levels. ETH is well below USD 1100 while XRP is struggling below USD 0.325. ADA can extend the losses and test USD 0.42.

Total market value

Table of Contents

Bitcoin price

After another mistake above USD 19,500, the bitcoin price started a new decline. BTC remained in a bearish zone below the USD 19 200 level. The price is now consolidating close to USD 19,100, with immediate resistance close to the USD 19,350 level. The next major resistance is now close to USD 19,500. The most important weekly resistance is USD 20,000, above which the price may continue to rise.

On the downside, initial support is close to the $ 19,000 level. The next big support is close to the USD 18,800 zone, below which the price may start a stronger decline.

Ethereum price

The Ethereum award attempted a recovery wave, but failed to exceed $ 1100. ETH relegated and retested the $ 1,000 support. It is now consolidating close to USD 1,050, with immediate resistance near the USD 1,060 level. The next big resistance is close to USD 1,100, above which the price can start a stronger recovery wave. ETH is down 1% in a day and 12% in a week.

If there is no recovery wave, the price may fall below $ 1,000. The next big support is close to USD 950, below which the price can return to USD 880.

ADA, BNB, SOL, DOGE and XRP price

Cardano (ADA) failed to meet the resistance levels of USD 0.48 and USD 0.50. The price is now trading below USD 0.45 and may continue to move down towards the USD 0.42 support zone.

BNB trades well below the USD 225 pivot level and struggles to stay above the USD 212 support zone. A clear move below the USD 212 level may require a test of the USD 200 zone.

Solana (SOL) failed to settle above the $ 35 level and trimmed the winnings. It was a test of the support zone to USD 32. Any additional losses may require a test of the USD 30 level.

DOGE is stable above the support zone of USD 0.065. Immediate resistance is close to USD 0.068, above which the price may rise towards USD 0.072. The next big resistance is at $ 0.075.

The XRP price faces many upside obstacles close to $ 0.325 and $ 0.332. The main outbreak zone forms close to USD 0.35, above which the price can rise steadily in the short term.

Other altcoins market today

A few altcoins show positive signs, including QNT, DFI, SAND, TRX, TFUEL. Meanwhile, AR and RUNE jumped by 8%, and became the best results among the 100 best cryptocurrencies based on market value today. AR passed USD 11 and is also up 14% in one day, while RUNE approached USD 2 and trimmed its weekly gains to almost 8%.

Overall, bitcoin is trading well below the $ 20,000 pivot level. A daily close below $ 18,800 may trigger additional losses.

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