Coin Capital Market Cap: $272,844,346,322
24h Vol: $15,104,000,275
BTC Dominance: 42.0%
From this morning, the cryptocurrency market cap has increased by aproximately 10 billion, the evaluation coming to 277,181,000,000$ at the higest point.
As you can see from the global chart, that area is clearly the seller’s territory, so the evaluation retraced from those levels as selling was activated.
The market is still in green as the prices haven’t retraced more than they have increased over the 24 hour period.
There aren’t any significant headlines that have come out from this morning. The only one that is worth mentioning is that the cryptocurrency exchange Binance has now resumed services after it announced the suspension of all trading and withdrawals, as reported by cointelegraph.
The temporary suspension was due to an alert over “irregular” Syscoin (SYS) trades “from a number of API users.” Binance subsequently chose to suspend trading, withdrawals and other account functions, as well as to take a series of further measures in order to protect its users.
Another headline that is worth mentioning is that UK housing minister Eddie Hughes released a report into blockchain July 4, calling on the government to “show leadership” by making the technology and its benefits a priority.
The report, ‘Unlocking Blockchain,’ makes several key proposals, using state projects currently underway in Estonia as the standard authorities should follow at home.
“The state should focus its attention on using blockchain to enable social freedom, to increase efficiency, and to rebuild societal trust,” Hughes summarises.
From today’s low at 454$, the price of Ethereum has increased by 4.25% as it is currently sitting at 474.40$.
Looking at the hourly chart, we can see that the latest high was lower than the last, and it looks like this may be the start of a descending channel of some kind, but currently, we are seeing another attempt to break that resistance, as the green candle is on its levels.
Ethereum is in the buy zone.
S3 414.42 S2 442.08 S1 452.05 P 469.74 R1 479.71 R2 497.40 R3 525.06
From today’s low at 8.64$ the price of EOS went to 9.28$ and has retraced since to 9$ which is an overall increase of 4.76%.
Looking at the hourly chart, we can see that the 9.20$ levels are where the prior top was and that area serves as strong resistance. Now that the price has failed to break that resistance once again I am expecting the price to drop to around 8.50$.
Hourly chart technicals signal a buy.
Oscillators are on neutral and moving averages signal a strong buy.
S3 7.5413 S2 8.2669 S1 8.5395 P 8.9925 R1 9.2651 R2 9.7181 R3 10.4437
From today’s low at 136$, the price of Monero increased by 3.44% and is currently 141.70$.
Looking at the hourly chart we can see that the price is currently interacting with the median line of the pitchfork, and I am expecting it to go further down to create a higher low.
Monero is in the buy zone.
S3 123.033 S2 131.213 S1 134.787 P 139.393 R1 142.967 R2 147.573 R3 155.753
From today’s opening at 0.147$, the price of Cardano has increased by 5.13% coming to 0.1558$.
As you can see, the price went higher to the resistance at 0.16$ and has retraced since to the mid-range support line. I am expecting the price to break the support and go further down to the next support levels at 0.146$.
Cardano is in the buy zone.
Moving averages signal a strong buy.
S3 0.078 S2 0.104 S1 0.121 P 0.13 R1 0.147 R2 0.156 R3 0.186
Coin Capital Market: After the prices have been increasing rapidly in the last 24 hours, we are seeing interaction with first significant resistance levels, and this retracement as the result of that. I am expecting that tomorrow will be another green day.