Last week, the Bitcoins price was recorded by a new ATH over $ 124,000. However, this increased movement was stopped by pure American inflation (PPI). Therefore, the King of the Cryptocurrency will not remain permanently over $ 120,000 and the decline could continue around $ 11,000.
The decline in bitcoins has affected altcoins, including Ethereum (ETH), which returns to $ 4,500. Did all sectors drop after $ 120,000 for bitcoins? Will altcoins continue to fall? What are the strongest assets? In the analysis of the day we try to answer these questions!
Altcoin capitalization could be reflected at $ 1,500 billion
The capitalization of altcoins has progressed since 2022. The course indeed continues to depict cavities and ascending peaks and recent Breakage led New summitbeyond that recorded at the end of 2024:
PUSH Altcoins capitalization is controlled by buyers Since April. Failed to mark the new historical higher, but a bounce It is possible:
- level Mobile Averages (EMA 9/EMA 18) Housing
- on Support for $ 1,500 billion
As long as the dynamics are in favor of short -term and medium -term buyers, the capitalization of altcoins can continue in the coming months. In case of A reduction below $ 1,500 billionthe course could find Support for $ 1,200 billion.
Part of it RSI increases Since March. Therefore Momentum is a bull In this unit of time.
Bitcoins fall below $ 120,000, altcoins see red
Bitcoin course fell under Psychological threshold of $ 120,000and Altcoins also fell. Only on the block plate Two branches are positive for the last seven days. Really, Layer 1 display a slight increase1 %and Layer 2 progress more than 5 % ::
Ethereum recently proceeded, and yet Tokens associated with ETH show 2 % drop in seven days. Almost all industries listed in the block are red and The most affected are the same. In fact, a category whose leader is DOGECOIN (DOGE) is in a decline of more than 10 % During the previous week.
Although the king has a cryptocurrency Fell below $ 120,000Some assets come be in a positive. In the last seven days, 5 altcoins managed to mean an increase of more than 10 %. AND Best performance was recorded OKB (OKB)which is proceeding 145 % ::
Follows him Mantle (MNT) AND Cardano (ADA)which climb 16 % and 12 %. In the classification Best performanceThere are many assets belong to Token removable sectorEspecially with BNB, OKB, GT and KCS. Let us immediately analyze the situationOKBD ‘Ada and Link.
OKB course (OKB) violates resistance to $ 60 and affects $ 160
OKB course is developing va Ascending dynamics For several years. Buyers have their hands on the pitch but OKB played VA Range between $ 38 and 60 Since February 2023 with Increase by almost 150 % During the previous week the course broken rangeand he succeeded Touch $ 160 ::
While most altcoins correct,OKB offers exceptional performance. But beware, because after a bull volatility also important, and repair It is quite possible. This could bring a course Mobile Averages (EMA 9/EMA 18) Housing and toward Support for $ 60. The course can continue to rise if it keeps Level 60 $.
Momentum RSI progresses For several months. The Momentum is therefore bull On this active in the week.
Cardano (ADA) leaves the range and head for resistance to $ 1.14
Ada draws a solid dynamics Since the bottom found in 2023. Holy and peaks rise to ADA, and this suggests that it is Buyers who have their hands on the pitch. After a period of correction between the end of 2024 and the month of February, the buyer responded around Support of $ 0.55 ::
The course has RANTED Between 0.55 and $ 0.8 for several months, but recently managed to go through clearly for 0.8 $. Therefore could the course go to Resistance to $ 1,14. If the course loses Support for $ 0.8could find Support of $ 0.55.
The RSI increases Since June. The The momentum is therefore encouraging To ADA in the week.
Chainlink (link): towards refusal around resistance for $ 25?
Like ADA, the link is also va Stimulating dynamics With a series bull structure Since 2023. repair which began at the end of 2024, ended and even managed to return to the course Resistance for $ 25 ::
A break of resistance would allow for strength exceed the height of 2024and return to Resistance to $ 34. On the other hand, if the course blocks against resistance, it could fall on Support for $ 17. In parallel RSI is a bullso Buyers have the advantage of momentum On the link.
Key elements to remember
Bitcoin dropped almost all crypto sectors. Layers 1 and 2 are doing well, as well as some assets belonging to the stock tokens tokens. OKB has increased by almost 150 %, and when a short -term correction is possible, it is possible to continue to increase in the coming months. The capitalization of altcoins has fallen, but could bounce back to support of $ 1,500 billion. And if altcoins are restored, XRP could explode around $ 10.
(Tagstotranslate) altcoins