Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 5/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

The crisis with TerraUSD (UST) stablecoin TerraUSD (UST) and the free fall of the LUNA symbol Terra have further reduced cryptocurrencies. Although Do Kwon, CEO of Terraform Labs, has announced a relief program, the community does not appear to be too optimistic about the revival.

Another obstacle to a rapid recovery in sentiment is that the US consumer price index rose by 8.3% from the previous year and exceeded estimates by 0.2%. Although the figures are slightly lower than the 8.5% print in March, the slow pace does not indicate a delay from the US Federal Reserve’s more austerity measures.

Daily performance of the cryptocurrency market. Source: Coin 360

While the screen may look scary during the chapter, it also offers one of the best times to go against the herd and collect basically strong cryptocurrencies with a good deal of agreement. Merchants should not be in a hurry to catch a falling knife, but wait for the price to stabilize and the surrender to be completed before buying in stages.

What are the key levels of Bitcoin (BTC) and the major altcoins that could attract buyers? What are the main upside levels of resistance that could indicate a possible evolutionary change? Let’s look at the charts of the top 10 cryptocurrencies to find out.