Bitcoin added a loss again today and we fell close to nearly $ 9,000. Will the slump in current support stop or can we expect $ 8,700? We will also look at ICON and Ripple, which surprised yesterday with continuing growth.
At present, the cryptomarket has a total market value of $ 258 billion. Bitcoin withdrew to $ 9,000 yesterday. The total market this year rose by 39% to top values. BTC dominance declines to 65.2%.
The best growth yesterday was:
ICON (ICX) $0,502445 USD (39,05%)
ICX was followed by :
Aion (AION) $0,147863 USD (24,34%)
aelf (ELF) $0,097426 USD (22,98%)
Enjin Coin (ENJ) $0,135199 USD (19,80%)
Lisk (LSK) $1,22 USD (15,85%)
Ren (REN) $0,054162 USD (12,02%)
The biggest loss from the top 100 Market Cap yesterday was:
Swipe (SXP) $1,62 USD (-7,28%)
MonaCoin (MONA) $1,76 USD (-8,50%)
All datas are from coinmarketcap.com
[BTC / USD] In 2020 to present value: 28.76%
Overall, we follow the cup and handle pattern that brought us nearly $ 2,000 in 2020. The closest support we have on 9 050 USD, need to monitor whether the BTC does not stop resp. it will stop, but the point is that it will just for 1-2 days and we continue the plunge. The Bulls will definitely hold this area and the bears will try to send it to $ 8,700, as you can see on the graph. If we do not hold $ 9,050, then must wait for $ 8,700.
We will test the resistance again at $ 9,150 – $ 9,550, so be sure to prepare for it! If we fall in support of $ 8,700, the closest resistance will be $ 9,150, and then $ 9,550 if we overcome this strong area, the road opens to $ 10,300. This situation on the BTC requires doing nothing and waiting for $ 9,050 and then getting ready.
[XRP / USD] In 2020 to present value: 38.76%
Ripple went up to $ 0.27 yesterday for 7.2%, which is the most from top ten. I hope it will continue after the OTC exchanges have stopped selling so many XRPs. Sales are over and can we grow? Today, 38.7%, for 2020 at the same time a new high yesterday. Looking at the graph, we see a cycle that could lead us to the closest resistance to $ 0.30.
We can see support on the graph in the $ 0.21 – 0.23 area, so XRP has confidence under it, perhaps gaining a larger% that could represent the 3rd most capitalized currency on the cryptomarket.
ICON (ICX) In 2020 to present value: + 356%
Up to 356% in 2020, so this is an incredible growth for ICX. The day before yesterday, the team updated the roadmap and even this fundament pulled ICX up. Yesterday we added 39%, which is the most of the top 100 capitalization. Hard to find a pattern on ICX, it’s one big candle in 2020. We see the closest resistance at $ 0.69. This year’s growth surpassed the top in 2019, reaching a high of $ 0.48. We are currently moving at $ 0.60.
MonaCoin (MONA) In 2020 to present value: 111.7%
MonaCoin (MONA) is an open network of peer-to-peer payment systems. MonaCoin is in the top 2 of falls for the second consecutive day, mainly because the previous week has strengthened significantly and now the days of weakening are coming. This year, it has made 111.7% up to date. At the same time, it returned to the top 100 capitalization. ATH reached 06.12.2017 at 20.23 USD. The current value is $ 1.64. Mona is a Japanese project. It is used at home by a number of people in brick-and-mortar stores, where it has built up a fairly decent network of goods / services to buy / sell. Something similar to LTC on payments, only on a much smaller scale in Japan.
Thank you for taking the time to analyze and review the market today.