Cryptocurrency Markets February 17, 2022: Bitcoin and Ethereum Show Down Signs

Cryptocurrency Market February 17, 2022: Bitcoin price is consolidating below the $44,500 resistance area. At 04:21 UTC, BTC was showing bearish signs near $43,600 and was mostly flat for a day.

Similarly, most major altcoins face major hurdles. ETH is down more than 1% and it must break the $3,200 resistance for fresh gains. XRP remains near $0.80 while ADA is facing resistance near $1.12.

Cryptocurrency Market February 17, 2022: Bitcoin Price

After a failed attempt above $44,500, bitcoin price corrected lower. BTC fell below the $44,200 support. However, it remains above $43,500. The next key support is near the $43,200 level, below which downside momentum might be gained. In this case, the price can drop to $42,500.

On the upside, initial resistance is near $44,400. The next resistance remains near $44,500, above which the bulls could attempt to scale above $45,000.

Cryptocurrency market February 17, 2022: Ethereum price

Ethereum price has dipped below $3,100 as it struggles to gain momentum above $3,150. The next major support is $3,050, below which a pullback to $3,000 is possible.

The next key resistance is near the $3,200 region, above which the price can test $3,250.

Cryptocurrency Market February 17, 2022: ADA, BNB, SOL, DOGE and XRP prices

Cardano (ADA) struggled to break the $1.12 resistance area. It is currently falling below the $1.10 level. The first major support is near the $1.05 level, below which the price can test $1.02.

BNB trims gains and heads for $420. On the upside, it is facing resistance near $442. The main resistance for a larger rally remains at $450.

Solana (SOL) Consolidates Gains Below $100. To continue higher, the price must break the $105 level. The next key resistance might be $112, above which the price might test $120.

DOGE turns down from the $0.155 resistance level. On the upside, $0.142 is the key support. If there is an upside break, a rally to $0.165 is possible.

XRP price made another attempt to clear the $0.850 resistance but failed and reversed to $0.82. If it successfully closes above $0.850, the price might start moving higher.

Cryptocurrency Market February 17, 2022: Another altcoin market

Many smaller altcoins are also cutting into their profits. Some of them are up at least 3%, including ATOM, NEXO, FIL, RUNE, NEO, and DASH. Of these, DASH is up 9% to surpass 115 but is now also correcting lower. Meanwhile, NEO is also falling but is still up 5% and trading near $24.50.

Overall, bitcoin price is struggling to break the $44,500 and $45,000 resistance levels. If BTC keeps fighting, there could be a bearish reaction below $43,500 and $43,200.

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.