Crypto Market February 14, 2022: Bitcoin and Ethereum in Downtrend Again

Crypto market February 14, 2022: Bitcoin price fails to sustain above $43,200, extending decline. BTC traded below $42,000 to enter a bearish zone. As of 05:40 UTC, BTC is down 1% in one day and is showing signs of bearishness and could return to the $40,000 region.

Similarly, most major altcoins are also falling. ETH is trading below the $2,880 support. XRP traded below the critical $0.80 support area. ADA reaches the $1.00 support level.

Crypto Market February 14, 2022: Bitcoin Price

After a strong rejection above $45,000, bitcoin price started a fresh decline. BTC has traded below the $43,200 support to enter a short-term bearish zone. It even settled on nearly $41,900. On the downside, the immediate support is near the $41,500 level. The next key support is $41,200, below that a drop to $40,000 is possible.

On the upside, initial resistance is near $42,500. The key weekly resistance is near the $43,500 level, above which a pullback to $45,000 is possible.

Cryptocurrency market February 14, 2022: Ethereum price

Ethereum price also lagged bitcoin and traded below the $3,000 support, down 2% in one day. ETH even traded below the $2,880 support. Next major support is $2,750, below that a drop to $2,550 is possible.

If there is a recovery wave, the price might face resistance near $3,000. The next key resistance could be near the $3,120 region.

Crypto Market February 14, 2022: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) gained bearish momentum and traded below the $1.05 support. The next major support is near the $1.00 level. Any further losses could lead the price towards the $0.950 support level.

Binance Coin (BNB) is down almost 3% and has traded well below $400. The next key support is $385, a drop to $365 is possible in the near term.

Solana (SOL) failed to sustain above $100. If the bears remain active, the price can test the $85 support. On the upside, previous support at $100 might act as stiff resistance.

DOGE is consolidating near the $0.145 level. A break below $0.145 a drop to $0.132 is possible. Conversely, it can rise to the $0.155 resistance level.

XRP price paring gains and trading below the $0.80 support. The next major support is at $0.78. If there are more losses, the bears can test $0.750. On the downside, $0.85 is a key weekly resistance.

Crypto Market February 14, 2022: Another altcoin market

Many altcoins are down 5% to 10%, including AVAX, DOT, MATIC, ATOM, NEAR, ALGO, XLM, MANA, SAND, EGLD, THETA, AXS, and XTZ. Meanwhile, XEM gained more than 1% and surpassed $0.10.

Overall, bitcoin price is struggling below $43,000 and $42,500. If BTC slips below $41,200, there could be further declines towards $40,250 or even $40,000.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Important NOTE: All content on the website is for informational purposes only and in no way constitutes investment advice. Your money, the choice is yours.