The bulls are trying to regain lost initiative. However, some coins continue to trade in the red.
BTC/USD
Bitcoin (BTC) price is down 14% after several weeks of growth.
Despite the sharp decline, Bitcoin (BTC) continues to trade above the key $20,700 support level. If the bulls can hold this level until the end of the day, the recovery could lead to a test of the $22,000 zone shortly.
Bitcoin is trading at $21,466 at press time.
ETH/USD
Ethereum (ETH) has lost even more as the price has fallen nearly 20% over the past week.
Ethereum (ETH) has also bounced off its support level at $1,560, meaning buyers are not ready to give up. Therefore, the selling volume is small, which confirms the weakness of the bears. If so, a correction to the $1,650-$1,700 zone may occur in the next few days.
Ethereum is trading at $1,599 at press time.
XRP/USD
XRP is no exception to the rule, falling 10.52%.
On the daily chart, XRP is underperforming Bitcoin (BTC) and Ethereum (ETH) as the price fell below the key $0.35 level. Right now, the price is in the middle of the wide range, which means that neither side is dominant. However, another drop to $0.32 could be a prerequisite for a sustained drop to the support level around $0.30.
XRP is trading at $0.3429 at press time.
ADA/USD
Cardano (ADA) lost the most value on the list today as the price fell 21% in the last 7 days.
Cardano (ADA) returns to the support level at $0.3974 on the intraday. If the candle closes below $0.46, there is a high chance of seeing a test of the $0.40 area by the end of the current month.
ADA is trading at $0.4601 at press time.
BNB/USD
Binance Coin (BNB) price is down the least, just 9.33%.
Binance Coin (BNB) is attempting to return above the crucial $300 level. This level plays a key role in terms of another medium-term bull run. If the buyers succeed, the rise could soon resume to the $320-$330 range.
BNB is trading at $298 at press time.
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