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Cryptocurrency market Jan 14, 2022: Bitcoin and Ethereum continue to correct their gains

Crypto Market Jan 14, 2022: Bitcoin price has made another attempt to surpass $ 44,000. BTC made a high near $ 44,400 and began a downward correction. At 04:18 UTC, BTC is trading near $ 42,800 with the main support at $ 42,000.

Similarly, most of the big altcoins correct gains. ETH fell from the resistance area of ​​$ 3,400. XRP has fallen below the $ 0.780 support area. ADA is down nearly 5% and trades below the $ 1,265 support area.

 

Cryptocurrency Market January 14, 2022: Bitcoin Price

After Bitcoin price surged above $ 44,000, it faces sellers near the $ 44,400 region. BTC failed to rise any further and began a downward correction. There was a break below the $ 43,200 and $ 43,000 support levels. The next major support is near $ 42,000, below which the price may struggle to initiate a renewed spike in the short term.

If it recovers, immediate resistance will be near the $ 43,000 mark. The next major resistance is at $ 43,200, above which the price could initiate another move towards the $ 44,400 area.

Cryptocurrency Market January 14, 2022: Ethereum Price

Ethereum price has also tried to soar well above the $ 3,400 mark. However, ETH struggled to move higher and corrected below $ 3,320. The price is consolidating near $ 3,280. Initial support is near the $ 3,220 level. The next big support is near $ 3,200, below which the price can test $ 3,120.

On the flip side, the immediate resistance is close to $ 3,300. The next major resistance is at $ 3,380, above which price could gain upside momentum.

Cryptocurrency Market Jan 14, 2022: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) failed to hold above $ 1.30 and began a downward correction. ADA traded below the USD 1.28 and USD 1.265 support levels. If there are more losses, a test of $ 1.22 is possible.

Binance Coin (BNB) is still consolidating near $ 480. Immediate resistance is at $ 488, above which the price could test $ 500. Otherwise, a move towards the USD 465 support is possible.

Solana (SOL) corrected down from $ 158. It’s trading below $ 150 and is approaching $ 145. The next big support is near the $ 138 mark.

DOGE accelerated above the $ 0.172 level. It is up 6% and is trading near the $ 0.175 level. The next major resistance is near the $ 0.180 level, above which a rally to $ 0.192 is possible.

The XRP price has been corrected down in the $ 0.80 area. It’s moving down and trading below $ 0.78. Immediate support is near the $ 0.75 level, below which the bears can push the price down to $ 0.72.

Cryptocurrency Market Jan 14, 2022: Another Altcoin Market

Several altcoins are up more than 5% including SCRT, XMR, NEAR, HEX, KSM, CRV and ONE. Of these, SCRT is up 15% and has seen a breakout above the $ 7.50 level. Meanwhile, XMR is up 9%, topping $ 221, and taking its weekly surge to 9%. NEAR is now up nearly 20% in a week as it gained 8% in one day and broke $ 19.

Overall, Bitcoin price corrects profits from the $ 44,400 region. If BTC stays stable above $ 42,000, there could be a new rally in the near future.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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