Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,237,408,532,941	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,237,408,532,941

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-582.84	-0.91%	63,156.19	63,149.64	63,156.07

Price Change

Price Change %

Current Price

Bid Price

Offer

-582.84

-0.91%

63,156.19

63,149.64

63,156.07

High Price	Low Price	Open Price	Prev. Close	52 Week Range
63,900.00	62,445.06	63,748.82	63,739.03	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

63,900.00

62,445.06

63,748.82

63,739.03

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	19:38:49	0.029420	63,156.00	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

19:38:49

0.029420

63,156.00

USD

Price x Volume	Volume	Base Symbol	Related Pairs
340,579,073.72	5,405.64	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

340,579,073.72

5,405.64

Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This

04/10/2022 11:50pm

NEWSBTC

Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes. Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The Crypto Marketcap had had a tough time regaining its hype when the crypto market cap was at its peak of over $2.8 trillion, with most crypto assets performing at their best. The crypto market capitalization also called the crypto market cap, takes in market data from a range of cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOSIO network (EOS) — to provide a fuller, real-time picture of how the crypto asset sector is performing. Related Reading: Dogecoin On Fire, Rallies After Elon Musk-Twitter Deal Confirmation Crypto Market Capitalization Price Analysis On The Weekly Chart The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, with the market cap, continues to look promising ahead of a major rally. With the market having a rally to an all-time of over $2.9 trillion, this positively impacted the price of altcoins and major assets as the market found itself in a blooming phase with so much euphoria. After hitting over $2.9 trillion market cap, the price declined from that region, acting as resistance or blown-off top as the price struggles to regain its form. It dropped to a region of $774 billion market cap seeing a huge sell-off in assets across the crypto market. The market cap bounced from its weekly low of $774 billion as the price rallied to a region of $1.17 before facing resistance to breaking above this region as the price retraced to $850 billion as the price formed a good support zone with what seemed to be a key demand zone for buy orders across the market. In recent weeks, the price of assets in the crypto market has not shown some strength as prices rally, showing some glimpses of relief bounce. Weekly resistance for the price of crypto market cap – $1.2T. Weekly support for the price of crypto market cap – $850T. Crypto Marketcap Analysis Of REN On The Daily (1D) Chart On the daily timeframe, the crypto market cap price remains bullish, holding the support at $850 billion ($850B) as the price range in a descending triangle trying to break out. The crypto market cap is currently trading at $930 billion, with the price holding above the 8 and 20-day Exponential Moving Averages (EMA) after breaking through resistance in this region. If the market cap maintains its structure, we could see more relief rallies for all most crypto assets. Daily resistance for the crypto market cap price – $1.2 Trillion Daily support for the crypto market cap price – $850 Billion. Related Reading: Ren Protocol Breaks Out, Is This Be A Relief Bounce? Featured Image From zipmex, Charts From Tradingview

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