Bitcoin and Ether Starts Corrective Decrease, DOGE Bulls Eye Rally

Bitcoin

After struggling near $44,800, Bitcoin price started a downside correction. BTC traded below the $44,250 support zone. It even moved below the $44,000 level and the 21 simple moving average (H1).

Besides, there was a break below a short-term bullish trend line with support near $44,000 on the hourly chart. The next major support is near $42,850, where the bulls may perhaps take a stand in the near term.

On the upside, bitcoin is facing resistance near the $44,800 level and the broken trend line. A clear break above the $44,000 zone might push the price towards $45,000.

Ether (ETH)

Ether also struggled to clear a key barrier near $3,200. The price started a downside correction below the $3,122 support and the 21 simple moving average (H1).

There was also a break below a connecting bullish trend line with support near $3,105 on the hourly chart. It is now approaching the key $3,030 support zone. A downside break below $3,030 might call for a sharp decline. The next major support could be $2,970.

On the upside, the price is facing resistance near the $3,110 level and the 21 simple moving average (H1). An upside break above the $3,110 level could increase the chances of a move above the $3,200 zone in the near term.

Dogecoin (DOGE)

DOGE found support above the $0.1200 level after a strong decline. The price started a major consolidating phase above the $0.1220 and $0.1300 levels.

The price was able to recover above the $0.1500 level and the 21-day simple moving average. It even broke the 38.2% Fib retracement level of the main decline from the $0.2130 swing high to $0.1220 low.

However, the price failed to clear the key $0.1700 resistance zone. It stayed below the 50% Fib retracement level of the main decline from the $0.2130 swing high to $0.1220 low. There is also a major bearish trend line with resistance near $0.1700 on the daily chart.

If the bulls push DOGE above the $0.1700 and $0.1720 levels, it could set the pace for a larger increase. The next stop for the bulls may perhaps be near the $0.2000 level.

ADA, BNB, and DOT price

Cardano (ADA) attempted an upside break above the $1.12 resistance but failed. It is now correcting gains and might test the $1.05 support level in the near term.

Binance Coin (BNB) failed to extend gains towards the $450 level. It formed a high near $442 and corrected a few points. However, the price could rise again unless there is a move below $412.

Polkadot (DOT) failed near the $20.00 resistance level. It is moving lower towards the $19.00 level. The next major support is near the $18.80 level, where the bulls might appear.

A few trending coins are AVAX, ALGO, and MANA Out of these AVAX is up over 5% and it cleared the key $90 resistance zone.