Monthly Analysis: Uptember? Downtember?

• Total Market Cap: +29.50%
• Altcoins' Market Cap: +44.15%

Let's start thing off with the indexes

Total Market Cap

The Total MCap retraced a good portion of the downside seen in May which communicates that the bull-run is not over. Price currently is at resistance (the previous candle closure highs) which sits at $2.15T.

Altcoins' Market Cap

The Alts MCap was able to surpass the $1T resistance which limited prices in April and May on the monthly timeframe - this is now support for this index.

Bitcoin

Bitcoin's recovery was not as sharp as other altcoins but it does have support at $42,000 which is flipped during the month of August 2021 which should help its case for further upside and limited downside.

Ether

ETH has made a new friend: the monthly support at $2,775. Resistance will be large near $4,000 but there is now an underlying key level which can help hold prices and boost demand.

DOT

Great recovery by DOT which has flipped $27 from resistance into support once again, with the next key level at $37.

SNX

SNX does not have enough data for a extensive monthly analysis. Nonetheless, what we can see is rejections on each rally for the past couple months but sellers stepping up higher and higher. The next monthly key level stands at $19.60 - beyond that is an open road.

RUNE

RUNE bounced perfectly off of the $4.25 level of support and is now en-route towards $15.50 - however given the severity of the May drop that may take a few months before coming to fruition.

SOL

No comment. SOL showed us what "Up Only" really meant and fully embodied it. Went exactly to our $100 target and even crossed that. No key levels showing yet with this vertical green candle.

SRM

On SRM the daily timeframe was not able to surpass $8.50 and on the monthly timeframe it has $9.50 (previous candle closure highs) as resistance. A couple resistance in front of SRM before tackling highs.

FTT

Great recovery by FTT but no reclaim of $55 yet which is the last straw before the open road.