Bitcoin, Ethereum and Altcoins try to cut losses

 Bitcoin, Ethereum, and Altcoins try to cut losses, Luna tests lows

 Bitcoin, Ethereum, and Altcoins try to cut losses

• Bitcoin price dropped below 27,000 before rebounding.
• Atrium stock fell 18 percent, and XRP fell to 35 0.35.
• LUNA traded at less than 0.04 0.04.

Bitcoin price remained below the 30,000 support during the downturn. Bitcoin even broke the 27,500 support and fell below 27,000. The current correction (11:47 UTC) is around $28,770 but still down 9% daily and 28% weekly.

Likewise, most large digital currencies are in two fingers. ETH fell below $2000 and tested at 7 1774. XRP fell 24 percent to 3 0.350. ADA tested $0.40 before the cows showed up.

Bitcoin prices

After closing below $30,000, the price of Bitcoin accelerated and fell below $27,000. The cowboys are now trying to recover from the 28,000 level. If Bitcoin can stay above the 500-28,500 level, the next major resistance will now be around $30,000.

On the downside, the first major support is nearly $25,500. The next major support is near the 25,000 level, below which the price may drop to 22,000. (Learn more: Bitcoin dominance increases as ETH/BTC loses)

Ethereum price

Lobby prices have also started to drop sharply from the $2,200 support level. Atrium fell below the 2000 support level and increased losses. It's down 18 percent and quickly dipped below $1,800. The price tested the 1770 level and is currently approaching the 40 1940 retracement. To the upside, ETH may encounter resistance near the 2000 level. The next major resistance now forms around 50 2050.

If there is no bullish breakout above 2000 2000, the price may drop to 00 1700. The next major support is near level 50 1650.

Prices ADA, BNB, SOL, DOGE, and XRP

Cardano (ADA) fell below 4 0.42 and tested $ 0.40 before returning above 44 0.44, but the bears could defend gains above $0.50.

BNB price is down 12 percent and is now trading near $270 after testing $225 earlier today. BNB stock also fell by 33 percent in one week.

Solana (SOL) is down 38% in one day and is trading below the $40 support level. Before the recovery wave, it was trading near the 38 levels. The price is now rising and facing resistance near $45.

DOGE fell below the 0.072 7 support, tested $0.070, and moved higher. The price is currently trading above $0.075, but there is a major barrier near $0.080.

XRP quickly dropped below 40 to 0.40. The 35 levels tested 0.35 and returned above the 0.37 level. In the uptrend, the price may encounter resistance near 0.40.

Other altcoins are on the market today

Most altcoins are under 20-20, including DOT, AVAX, SHIB, MATIC, CRO, LTC, NEAR, BCH, UNI, XLM, ALGO, VET, EGLD, FIL, and HBAR. Meanwhile, LUNA, which has the worst performance among the top 100 cryptocurrencies, is down 97% in a single day, dropping to around 1 0.1. (Learn more: LUNA drops below 0.05 5, UST trend lower despite new bailouts)

In short, the bitcoin price is trying to get bounce above 28,000. However, bitcoin must come back above 30,000 to avoid further declines.