“Last week, the price of bitcoin fell below the psychological threshold of $ 110,000. When the cryptocurrency king approached $ 100,000, buyers appeared below $ 109,000. Thanks to this reaction of buyers, the price has again exceeded $ 110,000, and the movement to $ 117,000 is possible. Meanwhile, Ethereum returned above $ 4,000. Altcoins are timid and already […]”, – WRITE: Businessua.com.ua
Last week, the price of bitcoin fell below the psychological threshold of $ 110,000. When the cryptocurrency king approached $ 100,000, buyers appeared below $ 109,000. Thanks to this reaction of buyers, the price has again exceeded $ 110,000, and the movement to $ 117,000 is possible. Meanwhile, Ethereum returned above $ 4,000. Altcoins are timid and have not demonstrated impressive results for some time. On the other hand, some of them were particularly stable while falling Bitcoin below $ 110,000. In the section of cryptocurrencies that should be observed, we will look at the altcoins and sectors that have been the strongest in the last week. Went!
Altcoin market capitalization is restored after supporting $ 1.5 trillion Even though the price of bitcoin last week fell below $ 110,000 , The market capitalization of altcoins is kept in place :
- Bull impulse In a three -dimensional unit of time
- he progresses since April
- She recorded recently Ath (first of 2021)
In addition, the price fluctuates between Bull sliding average (EMA 9/EMA 18) and a level of 1.5 trillion dollars :
Altcoin Capitalization Schedule (3D) – Register with Trading View with our partnership link.
To continue the impulse observed since April will need to maintain a level Support at 1.5 trillion dollars and to close above the last peak . If this scenario will take place, Altcoins can accelerate . On the other hand, if the price is weakened around the support level and falls below the sliding average (EMA 9/EMA 18), a deeper correction is possible to $ 1.2 trillion .
RSI confirmed Bear divergence so the impulse weakens . To have Strong impulse Rsi should rise above 76 .
Several cryptoctors stand out and show positive results in the last seven days Since last week Bitcoin price fell below the $ 110,000 mark , Most cryptocurrency sectors are in losses . However, several sectors presented on The Block show positive performance. Some sectors stand out In this difficult period:
Cryptotostor indicators per week. Source: The Block
In general five sectors, Listed on The Block, are in a green circle. Level 2 increased by 2.6% in one week and the leading Igor Sector increased by 1.5% for the same period. Although some categories are strong, so far no sectors that would grow rapidly Like in 2024.
Last week two assets succeeded grow more than 60% : Plasma (XPL) and Myx Finance (Myx) . Here 10 the best altcoins:
The best productivity of the TOP-100 cryptocurrencies in one week. Source: CoinmarketCap
In general, 8 Altcoins from the Top 100 list were able to register an increase over 10% compared to the previous week. So we see that to the Altcoin season with a widespread growth of cryptocurrencies still far away . Let’s analyze right away Myx, Zec and Ethfi .
Myx Finance (Myx) has been growing rapidly for several months. Since the start on Bitget in May the price of Myx is under the control of buyers . In just a few months the price increased by several thousand percent . Currently the price is trading above Bull sliding medium (EMA 9/EMA 18) :
MYX price against the dollar (3D) – register with Trading View using our affiliate link.
Price can continue to rise while it exceeds Bull sliding medium . However, if the price begins to adjust it can return to the support level of $ 1 . This is the level that allowed purchasing reaction In early September.
RSI pulse indicator is generally moving up within a few months. Now The impulse is in the hands of buyers .
Zcash (ZEC) heads up to a resistance at $ 80 ZEC was adjusted until July 2024. Since then, the price has been in Dynamics controlled by buyers and goes to resistance at $ 80 . It Important resistance which blocked the price at the end of 2024:
ZEC price to the dollar (3D) – Register with Trading View using our affiliate link.
In case of deviation ZEC can get back to support at $ 50 and bull sliding medium (EMA 9/EMA 18). However, if resistance at $ 80 will be punched, possible acceleration to the next resistance at $ 170 . ZEC seems to be in good technical condition to continue growth in the coming months.
RSI is also bull indicator of the moment draws Bull structures within a few months.
Ether.fi (Ethfi): On the way to a new growth to $ 3? For the previous week Ethfi increased by more than 15% . With a breakthrough of a bear line and lifting above the $ 1.3 level Further movement up For Ethfi:
ETHFI price against the dollar (1 week) – Register with Trading View using our affiliate link.
The price can rest on Bull Sliding Medium (EMA 9/EMA 18) and support at the level $ 1.3 to achieve resistance at $ 3 . But for this, buyers will have to control the price. Because in the case of rising prices and loss of $ 1.3 Price can be adjusted to the next Supports located at $ 0.6 . RSI has been drawing a series of ascending minimums and maximums for several months. So, Impulse in favor of buyers Ethfi every week.
Key items to remember With the fall of bitcoin below $ 110,000, altcoins have difficulty indicators. Most cryptocurrencies are in the minus within a week, but several rare sectors such as Layer 2 or Top Gaming can resist. Market capitalization of altcoins is restored around a significant level of support, and the impulse remains encouraging. In addition, three altcoins analyzed today, Myx, ZEC and ETHFI are technically bullied and growth can continue. But for this bitcoin will have to return to ATH.
Source: Journalducoin.com
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