The price of Bitcoin will have taken around 50 days to validate a new higher historical. The King of Cryptos marked an ATH, and to continue on this path, he will have to stay beyond $ 123,000. Indeed, an important level is around $ 123,000 in 4 hours. If buyers keep the hand in the short term, Bitcoin could climb to the next psychological round figure located at $ 130,000. The BTC continues its increase, but the Altcoins do not take the opportunity to explode. Indeed, Ethereum remains below the threshold of $ 5,000, and the Ripple XRP is stuck around $ 3. Despite everything, some altcoins are distinguished, such as the Bnb of Binance which flies above the $ 1,200. In the analysis of the day, we look at the sectors and cryptos which are strong at the same time as bitcoin. Let's go!
Will the capitalization of Altcoins accelerate?
Altcoin capitalization is solidshe is in full consolidation beyond Mobile averages (EMA 9/EMA 18) Housing and above the level of Support at $ 1,500 billion. The course recently validated an ATH, and it displays a upward dynamic With hollows and ascending summits in weekly:
Graphic of altcoin capitalization (1W)-Register for Trading View using our affiliate link. The dynamics being to the advantage of buyers, a new increase is possible on the side of altcoins. But for that, we will have to stay beyond the Support at $ 1,500 billion. In the event of a drop and breach of the support, the course could drop to the next Support at $ 1,200 billion. The momentum indicator RSI is bullishbut to continue to have a momentum fortit will take an increase beyond 68.
Altcoins in green with the ath of bitcoin
The course of Bitcoin is just exceed $ 125,000 For the first time in its history, and this is of course favorable to altcoins. However, for the moment, no bullish explosion and no significant volatility on the side of cryptos. However, All sectors are in green over the last seven days:
Performances of the crypto sectors over a week. Source: The Block some sectors have trouble performing, this is the case with theArtificial Intelligence (AI) and Real World Assets (RWA) that climb Less than 3 %. On the other hand, we find Three sectors which record increases of more than 10 % : The top 30 Tokens, the Layer 1 and Layer 2. Also, the even seem to wake upthis category is increasing by almost 10 % in a week. Only Three active managed to climb from more than 20 % over the last week. This shows that altcoins are still not in the bullish explosion phase as in 2021. Despite everything, the Zcash (ZEC) displays an impressive performance of 150 % :
Best performance of cryptos over a week. Source: Coingecko
Aptos (apt) et Mantle (MNT) still managed to take off more than 20 %and the Binance bnb is up approximately 20 %. In the top 10 best performance, we also find UN (UN) and the Litecoin (LTC). Let's immediately leave to analyze ZEC, APT and MNT.
ZCASH (ZEC) explodes: it increases by 150 % and heads straight for the 2021 ATH
Last week, an analysis of ZEC was done, and we mentioned the fact that Resistance break at $ 80 could lead to a bullish acceleration to resistance at $ 170. A week later, the course is back on the weekly resistance located at $ 170 :
ZEC lessons against the dollar (1W)-Register for trading view using our affiliate link. ZEC evolves in a upward dynamicand the course is far beyond Mobile averages (EMA 9/EMA 18) Housing. After such a large increase, a break is quite possible. If the course is done Reject against the $ 170he could drop to $ 80 and towards the bullish mobile averages. On the other hand, if the Resistance at $ 170 is broken, the course could climb to theA 2021 ALL. The RSI draws bullish structures For several months. For the moment, the Momentum is in the hands of buyers.
Aptos (Apt) rebounds on the $ 4 support, head to $ 8?
Apt is in a range in weekly between the Support at $ 4, and resistance at $ 17. Recently, the course rebounded at $ 4 leveland he went beyond the Mobile averages (EMA 9/EMA 18) Leasesters :
APT lessons against the dollar (1W)-Register for trading view using our affiliation link. The course could now develop towards the Resistance at $ 8. And if the course accelerates, it could even find the High of the Range at $ 17. It will be necessary to keep the $ 4 supportbecause otherwise, the course could experience the downward volatility. The RSI progresses For several months. The course therefore benefits from a Momentum Haussier in weekly.
A mantle (MNT) up since July
Mnt managed to get out of his rage between $ 0.55 and $ 1.4. Since July and the rebound on the $ 0.55 supportthe course has progressed by almost 300 %. Mnt evolves in a upward dynamicand it is above the mobile averages (EMA 9/EMA 18) Housing:
MNT lessons against the dollar (1W)-Register for trading view using our affiliate link. In the event of a fall, the course could find the Support at $ 1.4 as well as Hight mobile medium. For the moment, buyers have their hands and a continuation of the increase is possible. However, if the course came to lose the $ 1.4 and the mobile averages, it could fall to the Support located at $ 1.1. For its part, the RSI displays bullish structures Since July. THE Momentum is therefore bullishand no divergence is to be reported for the moment.
Key elements to remember
The Bitcoin price validated an ATH and it exceeded $ 125,000, and some rare altcoins took the opportunity to explode. This is particularly the case of ZCASH (ZEC) which increased by 150 % in the space of only a week. After such a strong increase, a break is possible. MNT and APT have also evolved well over the previous week. In addition, the Layer 1 and 2 as well as the largest capitalizations (Top 30) were the strongest sectors. Moreover, if Ethereum manages to break the resistance at $ 4,700, it could fly beyond the $ 5,000.