Bitcoin, Crypto currency, Blockchain

Altcoin-market analysis KW26 – Small recoveries are not Bull Run!

The total market capitalization rose to 220 billion euros. Half of the crypto-currencies in the Top 10 of course had to absorb losses. Cardano was up seven percent, while Ripple had to capture four per cent in exchange rate losses.

NamePrice in EuroMarket capitalization in billion EuroChange of course within the week, in percentCourse evaluationSupport in EuroResistance in Euro
Bitcoin5.467,3393,643,15neutral5.371,46Had 5,488,00
Ethereum387,8538,95-0,76neutral350,93390,88
XRP0,3915,41-4,75neutral0,390,41
Bitcoin Cash630,5810,86-2,10rather bearish599,30645,90
EOS6,876,160,00neutral6,286,99
Litecoin68,503,92-1,31rather bearish66,6669,48
Cardano0,123,157,33bullish0,110,13
Stellar0,173,131,18more bullish0,160,18
IOTA0,902,516,24bullish0,850,93
Tether0,862,32-0,16

Shows the price development of ten crypto-currencies with highest market capitalization, which is expressed in billion euros. For crypto-currencies, which are not currently directly in Euro exchangeable, the respective trading pair with the US Dollar as a Basis and converted into Euro.

After the last two weeks in which the courses tested new Minima, or even reached, was marked this week by a recovery. In various media already in the next Bull Run will be announced, however you have to be realistic here: The Top 10 rose to not even a percent. Within the Top 100, the Situation looks better, but just 6 percent are not in a bull market, the trading volume is still missing. The Cardano-rate could produce an increase of seven per cent and thus in terms of market capitalization on the Stellar price rise.

The market capitalization is at least increased in the last week, according to 217 billion euros to 220 billion euros.

As already emphasized, A small recovery is still not in a bull market. According to course assessments. Instead of opening immediately a Long Position (and to think enthusiastic about THE “BUY THE DIP!”), you should observe the rate with respect to the Resistances. Only after rising above the same, the Open a Long Position.

Best price development: Cardano (ADA)

As with all other courses of the Cardano-rate has fallen in the last few weeks, was able to rise, but at the end of June since mid-June, followed a downward trend. In the course of this Pumps the price, the exponential moving average EMA50 rise, bounced away, but at the EMA100. Since the Pump volume is not fallen back again, however, the minimum values of 26. to 28. June achieved.

The MACD is positive and rising, even if he is in a saturation runs. The RSI is since the Pump 60 to increase. Overall, a bullishes image. According to a Long Position. You could have the Stop Loss at the height of the Support at $ 0.13 or, if you are more careful wants to be, to the Resistance at 0,14 US Dollar as the entry point and Stop Loss. The Target would in both cases was 0.16 US Dollar.

Worst course development: Ripple (XRP)

The Ripple was able to course as the courses of many other crypto-currencies of the past 20. June continued the downward trend to break, however, is the exponentially moving average EMA50 so far, an insurmountable Resistance. The volume has meanwhile fallen back to the Level before the Pump.

The negative, but rising MACD and the RSI to 50, a neutral image. Currently, the Opening a Position is not therefore. You could wait until the price above the Resistance at 0.40 Euro rose. Then we could open a Long Position, the Stop Loss is at the height of the EMA50, and a first Target at EMA100, at the moment, in Euro 0.42. The course should fall under 0,39 Euro, you can open a Short Position, the Stop Loss is also at the height of the EMA50, and the first Target at the monthly minimum in June, so in the case of 0,37 Euro.

Stability of the Top 10

The distance between the Tether and TRON is now at nine percent. Between Tether and IOTA eight percent. The distances between the Market capitalisations on the “rear seats” within the Top 10 is a little more relaxed than last week. In sharp contrast, the distance between the Stellar and Cardano is only 0.6 percent.

Winners and losers in the course of fall

On average, all crypto has risen currencies to 3 percent. Thus, all crypto have, on average, currencies of the same good or bad how Bitcoin performs. For the Top 100 this looks a little different: These are, on average, risen by 6 per cent.

Within the Top 100 68 crypto could show a positive price developments of currencies. This Power Ledger and Populous are increased by about 50 percent. Loser of the week MOAC and Cryptonex, each of which had to cope with a loss Rate of about 20 percent.

A total of 47 percent of the crypto-currencies within the Top 100 with a worse Performance than Bitcoin. The market share of Bitcoin remained, accordingly, at 42 percent.

Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

Table data on the Basis of coinmarketcap.com

Chart images on the Basis of the data of bitfinex.com and kraken.com

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