Crypto market overview 24.8.|NEM (XEM) breaks bull run records! Bitcoin in a triangle!
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Welcome to our crypto market overview 24.8.
NEM (XEM) has been experiencing tens of percent of bull runs in recent weeks. In the chart, we notice a pattern of trend lines and investors are in a real LONG profit. Bitcoin bounced to $ 11,400 over the weekend and continues in the triangle. We will also briefly look at the nearest values of resistance and support.
Yesterday, we reached a marketcap value of $ 363 billion. This week we are recording a low of USD 342 billion and a high of USD 386 billion. At Bitcoin, we have a low at $ 11,150 over the same period. High on Bitcoin at $ 12,400. We are currently worth $ 11,650 for one BTC coin. Bitcoin dominance is declining at 59.3%.
Last crypto market overview here.
Overview of coins from top capitalization yesterday:
Bitcoin (BTC) $11 659,34 USD (0,43%)
U Network (UUU) $0,000791 USD (0,82%)
NEM (XEM) $0,088986 USD (10,64%)
The best growth yesterday was:
Cosmos (ATOM) $7,49 USD (19,61%)
OMG Network (OMG) $6,60 USD (17,48%)
The Midas Touch Gold (TMTG) $0,024254 USD (12,53%)
Waves (WAVES) $3,56 USD (11,12%)
Basic Attention Token (BAT) $0,414466 USD (10,39%)
The biggest drop was recorded:
Decred (DCR) $19,29 USD (-7,87%)
yearn.finance (YFI) $12 860,81 USD (-7,47%)
ICON (ICX) $0,632612 USD (-6,71%)
All data is provided from coinmarketcap.com
World markets overview yeterday:
SP500: 0,08 %. NASDAQ: 0,78 %. GOLD: 0,86 %. DOW J.: 0,2 %.
[BTC / USD] In 2020 to present value: 63,21%
On Sunday night, Bitcoin was at $ 11,659 and we don’t see any major movement. Bitcoin rose slightly by 0.5% in the evening. The weekend at BTC started with a smaller drop to $ 11,400. Bitcoin is, of course, close to the $ 12,000 resistance. We are currently looking for support for $ 11,400. As we can see from the chart, we are still holding a triangle formation in which investors are moving after a failed attempt to break the $ 12,400 resistance (bull trap).
Most investors are bullish on Bitcoin and expect growth to continue. We are expecting the same, but we will probably have to wait a while and watch the movement to the side for a while. In recent months, Bitcoin has grown rapidly and this brings a lot of caution from whales, which can try even bigger shorts.
[NEM / USD] In 2020 to present value: 175%
NEM (XEM) breaks bull run records in 2020! We are currently at $ 0.089, a new price record for 2020. The previous high NEM was at $ 0.078. XEM has a resistance of just $ 0.08 and is currently trying to break $ 0.10. On the chart, we observe the break of the trend channel through the resistance line upwards, then FOMO occurred and this led NEM to a 50% aggressive bullish channel. Currently, investors see room for growth to $ 0.10. We see support at $ 0.078. Chart shows the number of support lines, but also the resistance lines that NEM will have to overcome. The chart is very aggressive in terms of growth and we do not yet see a significant weakening of growth. That’s why we expect growth to $ 0.10.
Thank you for your time and reading crypto market overview 24.8.
