\n<\/p>\n
After a close below $40,000, bitcoin<\/a> price extended decline. It even broke the $39,200 support level and settled below the 21 simple moving average (H1).<\/p>\n<\/div>\n<\/div>\n However, the price found support near the $37,250 level. It seems like the bulls are now attempting a strong recovery wave above $38,000. An immediate resistance is near the $39,000 level. The main resistance is forming near $39,400 and a bearish trend line on the hourly chart.<\/p>\n<\/div>\n<\/div>\n A clear move above the trend line might even push the price above $40,000. If not, it could start a fresh decline towards the $37,500 level.<\/p>\n<\/div>\n<\/div>\n Ether<\/a> also gained bearish momentum below the $2,800 level. It tested the $2,600 support zone. The bears made two attempts to push the price below $2,600 but failed.<\/p>\n As a result, ether price started a recovery wave above $2,700 and the 21 simple moving average (H1). However, it is facing a key hurdle near the $2,750 level and a bearish trend line on the hourly chart.<\/p>\n<\/div>\n<\/div>\n A close above the trend line might start a steady increase towards $2,920. If not, it could start a fresh decline towards the $2,600 level. The next major support sits at $2,550, below which there is a risk of a move towards $2,400.<\/p>\n WAVES<\/a> remained stable above the $8.00 level after a strong decline. The bulls protected more downsides below $8.50 and $8.00. A support base seems to be forming above the $8.00 level.<\/p>\n The price recently attempted an upside break above the $10.00 resistance and the 21-day simple moving average, but failed. There is also a key bearish trend line forming with resistance near $10.80 on the daily chart.<\/p>\n The trend line is near the 23.6% Fib retracement level of the downward move from the $20.00 swing high to $7.85 low. A clear move above the trend line might start a major increase to $12.80.<\/p>\n<\/div>\n<\/div>\n The next major resistance is near the $14.00 level or the 50% Fib retracement level of the downward move from the $20.00 swing high to $7.85 low.<\/p>\n Cardano (ADA)<\/a> extended decline below $0.925 and even spiked below $0.900. The price is now consolidating losses and might recover above $0.920. The next key resistance is near $0.935.<\/p>\n Binance Coin (BNB)<\/a> declined and tested the $365 support level. If the bears remain in action, the price might decline towards $350. Conversely, it could recover and test the $382 resistance level.<\/p>\n Polkadot (DOT)<\/a> settled below the $18.00 level. It is now stuck near the $17.20 level. A downside break below $17.00 may perhaps send the price towards the $16.50 level.<\/p>\n A few trending coins are SHIB<\/a>, and LUNA<\/a>. Out of these SHIB is currently gaining pace above the $0.0000265 resistance level. The next key resistance is seen near the $0.0000285 level.<\/p>\n<\/div>\n<\/div>\nEther (ETH)<\/h2>\n
WAVES<\/h2>\n
ADA, BNB, and DOT price<\/h2>\n