Correction at key resistance thresholds for Bitcoin (BTC) and Ethereum (ETH)

Bitcoin price climbed above the $44,200 resistance zone, and even broke above $44,500, but it failed to continue higher. It is currently correcting its gains near $44,000 and may find buyers near $43,500.

Meanwhile, most altcoins are following similar trends. ETH was able to extend its rise above the $3,150 resistance zone before correcting lower. XRP briefly broke above the key resistance zone of $0.850. ADA is stuck below the resistance level of $1.12.

Total market capitalization

Source: tradingview.com

bitcoin price

After rising above $44,000, Bitcoin price was able to break through the $44,500 level. However, BTC struggled to continue its advance up to USD 45,000. It faced selling pressure and recently corrected lower towards the USD 44,000 level. On the downside, immediate support can be found near the $43,500 level. The next key support lies near the $43,200 level, below which the price could dip towards $42,200.

On the upside, a first resistance is near USD 44,400. The next resistance is near the $44,500 level, above which the price could test $45,000.

Ethereum price

Ethereum price remained high above the $3,000 pivot level. ETH broke the resistance level of $3,150 before correcting back towards $3,140. If it picks up again, the next resistance could be near the $3,200 area.

In the event of a downward correction, the price may find support near $3,120. The next major support is near $3050, below which the price could test $3000.

Prices of ADA, BNB, SOL, DOGE, and XRP

Cardano (ADA) extended its rise above the $1.08 resistance zone. It moved above $1.10 but failed to break through the $1.12 resistance zone. On the downside, the $1.05 level provides decent support.

BNB broke above the resistance levels of $425 and $432. It broke through the $440 level, but the price then moved back towards $430. The next major resistance is located at 450 USD.

Solana (SOL) is consolidating its gains above the $100 level. An immediate resistance is seen near the $105 level. The next key resistance is near $112, above which bulls could aim for $120.

Dogecoin (DOGE) is still holding below the resistance of $0.155. If there is a downward correction, the price might test the $0.142 level. Conversely, it might rally towards the USD 0.165 level.

XRP price managed to break above the resistance of $0.850, but the rise did not continue. A close above $0.850 is essential for further gains. Otherwise, the price might drop towards $0.800.

Other altcoins in the market today

Many altcoins are up more than 5%, including AVAX, MATIC, LINK, NEAR, ALGO, MANA, SAND, AXS, FLOW, GALA, GRT, and NEO. Of these, AVAX is up nearly 12% and is trading above $93, taking its weekly gains to 9%. MANA jumped 11% in one day, cutting its weekly losses to 5%, and is trading near $3.30.

Overall, Bitcoin price is struggling to settle above $44,500. If BTC corrects lower, it could find support near the $43,500 and $43,200 levels in the near term. Conversely, it could climb towards 45,000 USD.

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