By the end of the week, the cryptocurrency market has come back to the correction zone as all coins from the top 10 list are in the red zone.
BTC/USD
Bitcoin (BTC) has fallen the least today with a decline of 9.50%.
Yesterday's growth was just a correction after a sharp dump as bulls could not seize the initiative. The weakness of buyers is also confirmed by a low trading volume, which means that they are not ready to come back to the area around $50,000.
Moreover, the price is located below the MA 200, and there are high chances of seeing another wave of decline to the zone of $32,000.
Bitcoin is trading at $37,000 at press time.
ETH/USD
Ethereum (ETH) is looser than Bitcoin (BTC) with a price decrease of 10%.
Ethereum (ETH) is following Bitcoin (BTC) as a short-term decline is the more likely scenario for the leading altcoin. If bulls lose the $2,400 mark, the next level where a bounceback is possible is the support area of $2,040.
Ethereum is trading at $2,470 at press time.
XRP/USD
XRP might also continue its fall with a drop of 15% over the last 24 hours.
Bulls have bounced off the support at $0.915. They could not, however, fix above the $1.20 that supports bears' power. If buyers cannot return to the zone above $1.20 soon, the support at $0.915 may be attained within the upcoming days.
XRP is trading at $1.0186 at press time.
ADA/USD
Cardano (ADA) is the biggest loser from our list today as the price has dropped by 17%.
According to the chart, Cardano (ADA) is trading similarly to XRP, making a false breakout of the $1.76 zone. Even though the selling trading volume remains low, the historical level of $1.33 may be achieved shortly as bulls are running out of power.
ADA is trading at $1.522 at press time.
Yuri Molchan
