What's the latest on altcoins?
👇👇👇👇👇






The leading cryptocurrency Bitcoin (BTC) again lost the support of $ 38,000 and retreated to the level of $ 37,500. This drop of the leading cryptocurrency, which climbed to the level of $ 40,000 a few days ago, also affected altcoins and the entire market in general.



↘️Bearish Signals for Ethereum Price
The second largest cryptocurrency by total market capitalization, the largest altcoin Ethereum (ETH) , was much more affected by the decline of Bitcoin. ETH has lost 4.2% in the last 24 hours and lost the $2,400 support. The level of $ 2,400 for the ETH / USDT parity is very critical and the price is currently trading at $ 2,323.




Although Ethereum recently tested $ 2,600, with the acceleration of Bitcoin's decline, it could not break it and lost the $ 2,400 point. For now, the descending triangle formation shows that the price may decline to $ 2,100, but there can be a tough battle.

↘️XRP/USDT Technical Analysis
Although positive news came from the Ripple case, XRP, which could not hold above $ 1, was pulled up to the level of $ 0.82. $0.82 is a pretty solid support for the XRP/USDT pair, and if there is a close below it, the price is expected to pull up to $0.67.


Although XRP is in the oversold region according to the RSI and MACD indicators, the negative situation of the market prevents it from rising and finding the balance. The only critical support below $0.67 for XRP price is $0.50.

↘️Polygon Is Losing Blood
MATIC, one of the most popular cryptocurrencies of recent days, continues to lose blood. The sensational situation experienced by the TITAN project in particular has adversely affected the reputation of Polygon, which hosts it. MATIC has dropped by 5.3% in the last 24 hours, pulling as low as $1.48.

Continuing support for MATIC is seen at $1.20, with $1 below $1.20. Losing $1 can lead to a direct withdrawal up to $0.72. Considering the recent rise of MATIC, it seems quite normal for the price to experience such a sharp correction.