Weekly Technicals Pro – Volume 91

Disclaimer: Not financial nor investment advice. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.

Market Indexes

Total Market Cap

Altcoin Market Cap

The Altcoins Market Cap tested its weekly support at $1.11T, and we've seen this level hold. Given that the index remains above $1.11T, the next level to look toward is $1.45T.

 

BTC

Last week BTC tested the lower end of its $40,000 support and still finds itself between $40,000 and $45,000. With it not reclaiming a key level, its bearish market structure is intact. Of course, on the flip side, reclaiming $45,000 would be a positive move and would open up the door to $52,000.

ETH

ETH closed almost perfectly between its key weekly levels. However, it needs to hold onto the $3,200 daily support to avoid the chance of seeing further downside towards $2,800.

DOT

DOT's price action has been choppy around the liquidity area. But it failed to flip its resistance into support, which keeps it in the $20-$27.50 range.

SNX

With a failure to convert the $5.50 resistance into support, SNX remains between $4.45 and $5.50. We're waiting for $5.50 to be converted from resistance into support. Until then, it's all chop.

RUNE

RUNE has been testing the $5.70 support for several weeks now. There's only so long support can be tested before it gives way. Should it lose this support, it opens RUNE up for a move towards $4.40. For now, it's in the $5.70-$6.75 range.

SOL

SOL is still within the $125-$150 range. While we expect $125 to hold as support, we're waiting for a weekly reclaim of $175 to give SOL a chance of a daily close above $200. This then opens it up for a run into ATHs. Of course, we're not expecting that to happen right away,

SRM

SRMs weekly support sits at $2.88. We're still expecting a bottom to form anywhere down to $2.50.

FTT

FTT has performed strongly over the past week, closing with a bullish engulfing, above its intermediate resistance at $43.50. This should help to push the price, at least, to the top of the range ($35-$50).

MINA

MINA is still within its $3-$4 range, and we await a breakout for an indication of where it's headed next. We're expecting Snapps to go live this quarter, which should reflect positively on the price.

dYdX

dYdX is still in price discovery to the downside. We expect a bottom to form anywhere between $3 and $5.