Crypto Price Today: Bitcoin breached $29,000; Ethereum below $1,850; Solana & Polygon fall 5% each

Bitcoin and other top crypto tokens were trading lower on Tuesday, with altcoin falling sharply.  Chaos is looming in the market on the back of pessimistic news flow. Also, lack of macroeconomic events is unable to support the movement in the digital token market.
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Image: Chart-Storm
On the weekly timeframe, the CLV/USDT trend has broken out of the descending channel pattern and is now retesting the upper trendline levels. The weekly RSI is nearly at its highest level since August of 2021 . The next resistance is expected at $0.0093 and an immediate support is expected at $0.0051 levels.(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)