Cryptocurrency Market Sep 28: BTC and other altcoin prices threaten to fall
Cryptocurrency Market Sep 28 by cryptonew: Bitcoin price tried to break the USD 44,500 resistance but failed. As a result, BTC began to drop below the USD 43,500 support. At 04:27 UTC, BTC is trading below $ 43,000 and is threatened with further price losses.
Likewise, most of the big altcoins will fall. ETH peaked at $ 3,150 and fell back below $ 3,000. XRP also drops to $ 0.90 and $ 0.88. ADA is struggling to stay above the $ 2.12 support.
Cryptocurrency Market September 28th: Bitcoin Price
After a steady recovery, Bitcoin price failed to gain strength to break above $ 44,500. BTC began to drop below the USD 43,500 and USD 43,200 support levels. It even trades under $ 43,000. On the flip side, instant support is at $ 42,150. The next major support is currently forming at $ 42,000, with a potential drop to $ 40,000 below that.
If it rallies again, the price could encounter resistance near $ 43,200. The next major resistance is near the $ 43,500 mark.
Cryptocurrency Market September 28th: Ethereum Price
Ethereum price also followed a similar pattern after breaking the $ 3,000 and $ 3,050 resistance levels. ETH struggled to break above $ 3,150 and began another decline. It is currently trading below $ 3,000 with initial support at $ 2,900. Important support is currently forming near the $ 2,880 level, below which a return to $ 2,750 is possible.
On the other hand, $ 3,000 is an immediate hurdle. The main breakout zone is currently forming near the $ 3,120 and $ 3,150 levels.
Crypto Market September 28th: ADA, LTC, DOGE and XRP prices
Cardano (ADA) is down more than 3% and is trading below $ 2.20. Price struggles to hold above the $ 2.12 support. The next big support is at $ 2.00, below which the bears can see a bigger drop in the upcoming sessions.
Litecoin (LTC) is down nearly 4% and is trading below the $ 155 pivot level. Immediate support is near the $ 142 level. Any further losses could potentially move towards the $ 125 support. Conversely, the price could attempt another move above USD 155.
Dogecoin (DOGE) is sliding and can fall below the USD 0.20 support. The next big support is near the $ 0.192 level. If the bulls fail to defend $ 0.192, the price may slide towards the $ 0.180 support.
The XRP price is holding below the $ 1.00 resistance level. It is currently trading below $ 0.950 and could continue to decline. A significant break below $ 0.880 could usher in a bigger decline. The next major support is near the $ 0.750 level.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
Cryptocurrency Market September 28th: Another Altcoin Market
Many altcoins are down more than 5%, including PERP, AR, SUSHI, CRV, AAVE, CELO, ICX, FTT, MINA, SNX, UNI, REN, XDC and NEAR. Of these, the PERP is down more than 10% and is trading below $ 16.50. Meanwhile, OKB and HT increased by more than 12% and DESO by 17%.
Overall, the Bitcoin price failed to overcome the major hurdle and stayed below $ 45,000. If BTC breaks the USD 42,000 support, it could accelerate downward in the short term.
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