Cryptocurrency Market November 19, 2021: Bitcoin Price
After a short-lived upward correction, Bitcoin price failed to hold above $ 60,000. As a result, there has been a bearish response below $ 60,000. BTC has fallen below the USD 58,500 support area. It even traded below the support of $ 56,500. On the flip side, initial support is near the $ 55,500 mark. The next major support is near the $ 55,000 mark, below which it can fall to $ 52,000.
On the downside, the price could struggle near the $ 56,500 level. The next major resistance is at $ 58,500 (younger break zone).
Cryptocurrency Market November 19, 2021: Ethereum Price
Ethereum price also followed Bitcoin, plunging below the $ 4,250 support. ETH even fell below $ 4,120 and $ 4,050. The price has gone below $ 4,000 and is now trading above it again. On the flip side, initial support is close to $ 3,950. The next support is at $ 3,880, below which it can test $ 3,750.
If it rallies again, the price could encounter resistance near $ 4,050. The main resistance is at $ 4,120, above which a rally to $ 4,200 is possible.
Cryptocurrency market November 19, 2021: ADA, BNB, SOL, SHIB and XRP prices
Cardano (ADA) continues to drop below the $ 1.85 and $ 1.80 levels. It even traded below $ 1.75 before rising again. The next major support is near the $ 1.50 level.
Binance Coin (BNB) is down 9% and is trading below the USD 532 support. It is currently approaching the USD 520 support level. On further losses, the price could slide towards the key support at $ 500.
Solana (SOL) fell below $ 220 and even broke the $ 200 support, falling 11%. The next big support is at $ 185, below which it is likely to drop to $ 175.
SHIB is also down more than 11% and trades below $ 0.000045. Immediate support is near the USD 0.000420 level. The next big support is near the $ 0.000400 level below which the price could accelerate towards the $ 0.000365 level.
XRP price has gained bearish momentum below the $ 1.10 mark. It even broke the USD 1.05 support and is currently consolidating near USD 1.00. Any further losses could move the price towards the USD 0.920 support area.
Cryptocurrency Market November 19, 2021: Another Altcoin Market
Many altcoins are down more than 10%, including UMA, KDA, HNT, FTM, CRO, KCS, SUSHI, HBAR, LRC, SCRT, MINA, XEM and MIOTA. Of those, KDA fell 17%, breaking the $ 20 mark. Meanwhile, ALGO, ENJ, SAND and MANA gained more than 6%. MANDA is up 16%, surpassing the USD 4% level.
Overall, Bitcoin price is sliding and trading below $ 56,500. If BTC fails to hold above $ 55,000, there could be further losses towards $ 53,500 in the upcoming sessions.
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