“The king of cryptocurrencies recently bounced to the $ 120,000 mark, but sellers appeared about $ 117,000. The result? The price of bitcoin remains below the psychological barrier of $ 120,000 and can even fall below $ 110,000 if buyers do not wake up. Therefore, bitcoin tries to grow again, even though the Fed has just reduced the rates by 25 base points. Since bitcoin is not […]”, – WRITE: Businessua.com.ua
The king of cryptocurrencies recently bounced to the $ 120,000 mark, but sellers appeared about $ 117,000. The result? The price of bitcoin remains below the psychological barrier of $ 120,000 and can even fall below $ 110,000 if buyers do not wake up. Therefore, bitcoin tries to grow again, even though the Fed has just reduced the rates by 25 base points.
Since bitcoin is not possible to restore volatility towards growth, the vast majority of altcoins experience difficulties. For example, Ethereum (ETH) returned to $ 4000 after he managed to reach almost $ 5,000. Let’s look at which sectors and altcoins show the best results during this period. Let’s start!
Done, the capitalization of altcoins finally established New historical maximum . Price recently exceeded the last Ath dating from November 2021. It was needed 1400 days to reach ATH on the altcoin capitalization schedule. Despite these good news, the price has already returned to level Bull sliding medium (EMA 9/EMA 18) :
Altcoin Capitalization Schedule (1W) – Register with Trading View with our partnership link.
On the graph There is a bull trend and possible recovery between growing sliding average and level Support in 1.5 trillion dollars . Buyers should take the opportunity to send a price far beyond Ath 2021 . However, if the price Weaken and will lose $ 1.5 trillion possible return to level Support in 1.2 trillion dollars .
Indicator Rsi was bull within a few months. To maintain this bull impulse, RSI will need to rise above the last peak at 68 .
Cryptocurrencies in a minus after the bitcoin falls below the $ 115,000 mark King of cryptocurrencies fell below the $ 115,000 mark that caused The widespread fall in altcoins . And as can be seen from the graph below the block, All sectors in the last seven days are in minus :
Cryptotostor indicators per week. Source: The Block
Most vulnerable the sectors in the last week are real -world assets (RWA) and tokens related to Solana and Ethereum . These tokens demonstrate the average decrease in more than on 10% in the previous week. On the other hand, some sectors are relatively resistant . This is especially true the first level , Top game and the greatest capitalization (top 30 tokens). These three sectors show reduction by less than 5% .
Aster shares (Aster) which has recently been launched, demonstrate incredible results in the last seven days, Having increased by over 1800% :
The best productivity of the TOP-100 cryptocurrencies in one week. Source: CoinmarketCap
APX (APX) also in a great shape, having grown almost 1500% in the last week . In the top 10 most effective altcoins we also find BNB from binance or Immutable (imx) . Let’s analyze the following tokens right away: Dexe (Dexe) , Story (IP) and Immutable (imx) .
DEXE (DEXE): Return to resistance at $ 11 In seven days price Dexe increased by almost 60% . A great figure, especially given that all cryptocurrency sectors were in the minus during the previous week. The price demonstrates weekly Bull dynamics and found buyers nearby the support level of $ 7 . After bouncing to level $ 7 The price has reached the resistance level at $ 11 :
DEXE price against the dollar (1 week) – Register with Trading View using our affiliate link.
Here traders can record profits. If so, the price may fall to level support $ 7 . On the other hand, if the price can punch resistance at $ 11 further growth is possible. And in this case the price can rise to the next the level of resistance located at $ 16 .
Meanwhile, RSI is approaching the bear line. While RSI is below this trend line, The impulse will remain brittle on a weekly basis.
Immutable (IMX) stays in the range of $ 0.75 to $ 0.4 IMX spent Bull week having grown above 10% . It’s good is an increase for this asset but the price remains stuck in range from $ 0.75 to $ 0.40 . The price continues to stop at resistance levels $ 0.75 :
IMX price against the dollar (1 week) – Register with Trading View using our affiliate link.
If the price breaks the range, it is possible to increase before the next resistance at $ 1.1 . But if there is some voltage on the top of the range, the price may fall to support at $ 0.4 . Will the price finally recover Ascending volatility after a long period Corrections ?
The RSI indicator managed to punch the bear line that existed for several months. RSI is growing Since the beginning of the year, so the impulse is Bull .
Story Stock (IP) Cost Flew Above $ 10 IP was also one of the main winners last week whose price increased almost on 40% . Price It has grown sharply Since the breakthrough of the bear line of trend and moves above Bull sliding medium (EMA 9/EMA 18) :
The IP Price Dynamics for the Dollar (3D) – Register with Trading View using our affiliate link.
In case of falling price can rest on Bull Sliding Medium (EMA 9/EMA 18) or on Support at $ 7.50 . Until The impulse is bull the price can continue to increase in the coming months. At the same time, RSI has been drawing for several months Bull structures . So, the impulse… In favor of buyers of this altcoin.
Key items to remember The price of the bitcoin dropped below the $ 115,000 mark, and as a result, all cryptocurrency sectors, which are subject to The Block, are in the disadvantage. The strongest sectors are Layer 1, Top Gaming and the top 30 tokens. Although all sectors are in a negative position, some altcoins show very good results, including IP, IMX and Dexe. While Dexe and IMX meet considerable resistance, IP is in the price opening stage and lift. Despite the fact that the price of bitcoin is still lower than $ 120,000, some indicators indicate the possibility of further growth.
Source: Journalducoin.com
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