Last week, the main cryptocurrencies continued and accelerated their recovery. Bitcoin rose and fixed above $ 8,000. Its share in total capitalization decreased to 42.1%.
The number of billionaire-coins grew to 24, and their total number (according to coinmarketcap.com) increased to 1568.
The total capitalization of the market increased to $ 328 billion.
Bitcoin for the week rose by 19% from $ 7,020 to $ 8,350, maximum being at $ 8,450.
Recovery of the exchange rate from support at $ 6000 accelerated, trading volumes increased. However, the growth was limited to the fast moving average of weekly chart ($ 8,600 this week).
If the rate is able to break above $ 8600, then it is possible to recover to $ 11,000.
However, even then the long-term technical picture will remain bearish.
Ethereum for the week soared by 33.5% from $ 400 to $ 534, maximum being at $ 534
Support at $ 360 worked and deployed the market. The growth can continue up to $ 600 or even $ 740.
However, as long as the rate is less than $ 740, further long-term decline is more likely.
Ripple (XRPUSD) for the week soared by 39% from $ 0.50 to $ 0.69 maximum being at $ 0.72
The rebound is rapid, but at low volumes. The growth pulse may as well suffice to $ 0.90
However, while the price is less than $ 0.90, further long-term downgrade is more likely.
BCHUSD for the week increased by 20% from $ 653 to $ 781, maximum being at $ 787
Consolidation in the range after falling to the medium-term support level.
While the price is less than $ 1200, further long-term downgrade is more likely.
Litecoin grew by 12% from $ 118 to $ 132, maximum being at $ 138
Consolidation near the 2018 minimums.
Further long-term decline is more likely.
NEO soared by 45% from $ 49 to $ 71, maximum being at $ 72
Support at $ 45 has expanded the market to growth. At the same time NEO is among the leaders by the increase rate for the week.
However, it is unlikely to overcome the resistance at $ 85 for now
While the rate is below $ 85, further long-term decline is more likely.
IOTA soared by 64% from $ 1.025 to $ 1.67, maximum being at $ 1.70
The $ 1.1 support area still managed to expand the market. The growth is impressive and at a multiply increased volume.
It seems that the fall was stopped and the rate returned to the range of $ 1.1- $ 2.2.
NEM soared by 53% from $ 23.5 to $ 36, maximum being at $ 36
An impressive breakthrough of the slow moving average. Nem is no more an outsider in the top-10 cryptocurrencies.
Further consolidation between $ 0.3 and $ 0.6 is likely.
Monero grew by 16% from $ 174 to 201 maximum being at $ 205.
Consolidation near the 2018 minimums
While the rate remains below $ 230, further decline is more likely.
DASH grew by 22% from $ 312 to $ 382, maximum being at $ 394
Consolidation within the autumn range of $ 220- $ 400.
Further long-term decline is more likely.
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The number of billionaire-coins grew to 24, and their total number (according to coinmarketcap.com) increased to 1568.
The total capitalization of the market increased to $ 328 billion.
Bitcoin for the week rose by 19% from $ 7,020 to $ 8,350, maximum being at $ 8,450.
If the rate is able to break above $ 8600, then it is possible to recover to $ 11,000.
However, even then the long-term technical picture will remain bearish.
Ethereum for the week soared by 33.5% from $ 400 to $ 534, maximum being at $ 534
However, as long as the rate is less than $ 740, further long-term decline is more likely.
Ripple (XRPUSD) for the week soared by 39% from $ 0.50 to $ 0.69 maximum being at $ 0.72
However, while the price is less than $ 0.90, further long-term downgrade is more likely.
BCHUSD for the week increased by 20% from $ 653 to $ 781, maximum being at $ 787
While the price is less than $ 1200, further long-term downgrade is more likely.
Litecoin grew by 12% from $ 118 to $ 132, maximum being at $ 138
Further long-term decline is more likely.
NEO soared by 45% from $ 49 to $ 71, maximum being at $ 72
However, it is unlikely to overcome the resistance at $ 85 for now
While the rate is below $ 85, further long-term decline is more likely.
IOTA soared by 64% from $ 1.025 to $ 1.67, maximum being at $ 1.70
It seems that the fall was stopped and the rate returned to the range of $ 1.1- $ 2.2.
NEM soared by 53% from $ 23.5 to $ 36, maximum being at $ 36
Further consolidation between $ 0.3 and $ 0.6 is likely.
Monero grew by 16% from $ 174 to 201 maximum being at $ 205.
While the rate remains below $ 230, further decline is more likely.
DASH grew by 22% from $ 312 to $ 382, maximum being at $ 394
Further long-term decline is more likely.
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