“Last week, the Fed Chairman J. Powell assured investors that a change in monetary policy, that is, a decrease in the rate, is possible in September. After these good news for risky assets, such as cryptocurrency, the price of bitcoin rose above the $ 117,000 mark. But the weekend eventually was a reminder that sellers still have an advantage in the short term, and the cryptocurrency king […]”, – WRITE: Businessua.com.ua
Last week, the Fed Chairman J. Powell assured investors that a change in monetary policy, that is, a decrease in the rate, is possible in September. After these good news for risky assets, such as cryptocurrencies, the price of bitcoin rose above the $ 117,000 mark.
Meanwhile, Ethereum was able to fix the new ath, but it has not yet reached $ 5,000. Will the Bull Crypto Book grow up? In today’s analysis, we will look at the strongest sectors and altcoins right now!
Altcoin capitalization may soon reach ATH From the beginning of the cycle Bitcoin price increased by about 700% , Having surpassed Almost all altcoins. However The market capitalization of altcoins is increasing Since the minimum in 2022. Altcoins do not show extremely good results but on the graph below Bull trend is clearly visible :
Altcoin Capitalization Schedule (1W) – Register with Trading View with our partnership link.
Increase since June allowed the capitalization of altcoins get closer to average daily average (ATT) at $ 1.710 billion . And this progress became possible, in particular, thanks to Ethereum growth . If the price can save Support at $ 1,500 billion as well as bull -rinks average (EMA 9/EMA 18), possible acceleration after ATH 2021. Sellers can regain control in case of falling below support at $ 1,500 billion .
RSI pulse indicator for several months moves up . Now The impulse is in the hands of buyers .
Despite the fall of bitcoin up to about 110,000 dollars, altcoins hold firmly Ethereum price has just confirmed ATH at the level of more than $ 4900 and bnb binance managed exceed $ 900 . While Bitcoin price lost $ 120,000 and came back to near $ 110,000. Some Crypto sequents keep relatively good, Despite the decline in capitalization of the largest exchanges on the market:
Cryptotostor indicators per week. Source: The Block
In general nine sectors were able to fix Positive results during the previous week. In the last seven days First level sectors The greatest growth was demonstrated (+5%). Although Altcoins are stable their indicators are still not exceptional. However, if BTC stabilizes above $ 110,000 altcoins can take advantage of this to grow, given their current force.
The best result in the last seven days has shown OKB (OKB) (+57%). Pedestal is completed by Morpho (Morpho) that has risen on 25% and Aave (Aave) that has advanced more than on 15% :
The best productivity of the TOP-100 cryptocurrencies in one week. Source: CoinmarketCap
IN The top ten We find Ethereum (ETH) whose cost has increased by 8% . It should be noted that only Five assets were able to register an increase of more than 10% . We will analyze this week Morpho (morho) , Aave (Aave) and Jito (jto) .
On the way to a new growth of up to $ 3.5 for Morpho (Morpho)? Since April price Morpho shows the series ascending minimums and maxima beyond the bovine trend line. Thus buyers have an advantage and there are no signs that the growth for this asset is over:
Morpho price to the dollar (3D) – Register with Trad ing View using our affiliate link.
The price can rest on Support at $ 2.20 and Bull Sliding Medium (EMA 9/EMA 18) to achieve resistance at $ 3.50 . On the other hand, if the price loses Level $ 2.20 she can fall to support at $ 1.70 . Losing a trend line may indicate Pulse loss price.
Simultaneously, RSI is growing It’s been a few months. But for support bull impulse he will need to overcome the mark above 69 .
Go up to $ 540 for Aave (Aave)? After the recent growth of Aave (Aave) the price resumed resistance at $ 390 . Recall that at the end of 2024 the price stopped at this resistance levels . Price demonstrates Positive dynamics since April and if buyers retain control, possible Further growth :
AAVE price to the dollar (1 week) – Register with Trading View using our affiliate link.
If resistance at $ 390 will be punched, Aave can accelerate and bring back to himself resistance at $ 540 . This is the last resistance before the price can Mark Ath . However, if the price will stop at $ 390 again sellers can push her back to support at $ 260 .
The RSI index was bull from April, which means that Impulse is currently in favor of buyers this asset.
Jito (JTO) has been in the range since 2023. JTO price ranges between $ 1.60 support and $ 4.00 resistance Since 2023. Buyers and sellers neutralize each other for several years, and the price even from March is moving in a very narrow range between $ 1.60 and $ 2.40 :
JTO price against the dollar (1 week) – Register with Trading View using our affiliate link.
Jto blocks Lands of Sliding Medium (EMA 9/EMA 18) within a few months and if The price will lose $ 1.6 can start Bear volatility . On the other hand, if the price manages to go beyond sliding average and punch resistance at $ 2.4 she can reach the tops of the range at $ 4 . For his part, RSI is growing It’s been a few months. The impulse on jto is stable Weekly.
Key items to remember Altcoins are kept even when the price of bitcoin threatens to fall below $ 110,000. However, very few altcoins manage to demonstrate impressive results. Market capitalization of altcoins is still moving in a positive direction, and further growth is possible as long as the level of support of $ 1.5 trillion. From a technical point of view, Aave and Morpho seems to be ready to continue growth. According to Arthur Hase, Hype Hyperliquid may well explode by more than 12,000%.
Source: Journalducoin.com
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