After several weeks of increase, the operators take some profits, and the Bitcoin price recorded a negative candle in weekly. The situation makes it possible to hope for a new increase for the king of cryptocurrencies. If the BTC manages to set up upward volatility beyond $ 110,000, altcoins could benefit from it. A bullish signal was sent on the side of Bitcoin by crossing the January ATH, but most of the altcoins remain shy. What are the strongest sectors and assets during this period? We take stock of the cryptos to watch!
Rejection on resistance to $ 1,200 billion for altcoin capitalization
The capitalization of Altcoins finds a upward dynamic With hollows and ascending peaks for a few weeks. However, the course continues to block on the resistance at $ 1,200 billion. The course was rejected in terms of resistance, and against the downstream trendline, and it is back on the Mobiles 9 and 18 bruises ::
To be able to accelerate, the course will have to bounce back and Break the downstream trendline as well as the resistance at $ 1,200 billion. If this scenario is realized, the course could return to the height of $ 1,400 billion. Otherwise, the course could find the Support at $ 1,100 billion.
The RSI momentum indicator moves by structuring hollows and ascending summits For several weeks. Therefore, the buyers have a hand on the momentum.
Red week for altcoins following the fall of Bitcoin
Bitcoin course has slightly Filed from the top around $ 112,000and all of Crypto sectors display red over the last seven days. As explained in the introduction, Altcoins do not benefit from the sharp increase in bitcoin in previous weeks.
Altcoins that have the highest capitalizations (BTC, ETH, XRP, etc.) are the best. In fact, this category records 5.7 % decrease in a week. Other sectors such as LAYER 1or Tokens linked to Ethereum and Cosmos display less than 10 % decrease. The other sectors have undergone Falls between 10 % and 20 %.
In the classification of best performance From the top 100 cryptos over the last seven days, we observe overall low gains. It is the SPX6900 (SPX) which takes first place in the ranking with more than 15 % increase ::
THE Top 3 is completed by Quant (qnt) And Dex (Dex) that display respective increases in 10 % and 9 %. Cronos (CRO) climbs 8 % Over the last week, and it is also one of the best performances. Let’s immediately technically analyze the following assets: Quant (qnt),, Dex (Dex)And Cronos (CRO).
Quant (QNT) could reach the resistance at $ 150
The QNT course was in Fixed since the end of 2024. But buyers defended the Support at $ 57and the course managed to iron beyond the $ 85 level. The course has rebounded more than 100 % since April ::
To be able to continue its ascent, the course will have to Keep the support area at $ 85. If the course drops and resumes on the Mobiles 9 and 18 bruises and on the Support at $ 85he could find the Resistance at $ 150. A new summit beyond December is possible. On the other hand, if qnt loses the Support at $ 85he could return to the height of Support at $ 57.
For its part, the RSI increases Since the beginning of April. THE buyers have the advantage of the momentum For now.
Towards a new summit for Dex (Dex)?
The dexisation course is Haussier since 2023. Indeed, the course draws a series of hollows and ascending summits For several months. On the other hand, since the beginning of the year, the Cours Recule and the RSI draws lower lower ::
To have a Bullish momentumthe RSI will have to rebound and that it is growing again. On the course, you will have to have a Resistance break at $ 16 to find the Summits of the start of the year. And to continue on the upward dynamicthe course will have to close beyond the Summit at $ 24. If the course is done dismiss In terms of mobile averages 9 and 18 horses, he could find the Support at $ 11.
New increase to come to resistance at $ 0.16 for Cronos (CRO)?
The Cronos (CRO) course draws upward structures since 2023. From the lowest market around $ 0.048the course has climbed 380 %. A great performance between September 2023 and December 2024, but then the sellers regained their hands. The course has 70 % droppedthen he found buyers on the Support at $ 0.075. The course is now in contact with the Resistance at $ 0.1 ::
A break of $ 0.1 level would allow Cro to be able to know of the bullish volatility towards the next Resistance at $ 0.16. And if the buyers are growing, the course could even validate a new summit higher than that of December. Despite everything, if the course is done dismiss Here he could come back to the height of Support at $ 0.075. For its part, the RSI is bullish For several weeks. THE buyers have a hand on the momentum in weekly.
Key elements to remember
The price of Bitcoin cannot currently stay beyond $ 110,000, and all of the crypto sectors has been falling for a week. If some sectors are less affected than others, the situation shows that altcoins remain fragile. Moreover, the capitalization of altcoins continues to block against resistance at $ 1,200 billion. Despite febrile altcoins, the three assets analyzed have potential and have the opportunity to continue their increase. For this, Bitcoin will have to remain strong and continue to validate new ATH.