End of good news for cryptocurrencies at Trump time. If D. Trump actually signed a positive regulation on cryptocurrencies, it also set very high customs tariffs, and it does not like the financial markets at all. The weekend will therefore be catastrophic for cryptocurrencies, Bitcoins (BTC) blocked in recent historical heights and returned around $ 90,000. Ethereum lost $ 3,000 and he dropped to $ 2,100. Altcoins records disappointing during this cycle and will not detect investors. Let’s go around the situation of altcoins!
Altcoins show market performance over the last month
Despite the recent volatility downThe course of bitcoins continuesDevelop over $ 90,000. But the last wave of decline was a disaster for the entire sector. The Altcoins recorded a performance worthy of a bear market During the last month:
The The same for Solana will drop by 60 % in the last month. Most industries listed in the block are in a decline of more than 30 %. No sector is resistant, evenArtificial intelligence (AI) dropped by more than 43 %. Some will see the opportunity here, but be careful because nothing suggests that the decline is completed with cryptocurrencies.
And in the last seven days the situation is hardly better. Really, Very few altcoins can display the green light. It is here in the last seven days altcoins that are the most effective of the top 100 ::
Three active people record performance approximately 10 % During the last week: Dexe (Dexe), Hyperliquide (Hype) and Mantra (OM). Although they are relatively resistant to the face of a decline in bitcoins, The performance is by far reminiscent of the bull market 2021.
The capitalization of altcoins corrects 40 % from the peak
The capitalization of altcoins has Blocked against resistance to $ 1,600 billionand she depicts a 40 % drop from the top ::
PUSH Primary dynamics remains awakeand Institutional bias (EMA 9/EMA 18) also remains bull. However, it will be necessary to arrive Break resistors to $ 1,400 – 1600 billion get acquainted with bull explosion on altcoins.
RSI It decreases We will have to continue for several weeks and Erase upright dynamics that Buyers again have an advantage over dynamics.
Bitcoins and altcoins fall and the dominance of bitcoins explodes
PUSH Bitcoin’s dominance allows you to know where capital is going. If it has dominance in November dropped by more than 10 %is at the top of 20 % of the bottom of around 54.5 %. The Institutional bias (EMA 9/EMA 18) is always bull In the week and the course is back Shorter area (0.618-0.786 Trace Fibonacci):
With a violent fall, the course joined to 64 % dominancea level that has not been affected since February 2021. hit at 63 % of resistanceAA more significant rejection This remains possible Theoretically favorable area for sellers. However, dominance BTC has been growing since the end of 2022and a weekly fence greater than 61.5 % can be synonymous with bull sequel.
In parallel, RSI is lower For several months Sellers have an advantage in dynamics.
Ethereum (ETH): Bull Run that does not start with altcoin leader?
CourseEthereum develops worldwide up Since mid -2022. In addition, the course is exchanged for a Trendline. However, the course Blocks around $ 4,000 Since March 2024 and a recent decline in bitcoins led Violent correction on Ethereum. Eth is in decreased by almost 50 % from the peakand he is back at the level Trendline ::
PUSH Trendline and Support for $ 2,450 Will they hold? For Ethereum lovers it would be better because otherwise the course could drop below $ 2,000. If the buyers react here, the course could return Weekly resistance for $ 2,900. The situation, however, has not changed on altcoins leader: it will be necessary Break resistance to $ 4,000 So that we can run – finally – Bull Running. Because so far operators are clearly disappointed when they see and Bitcoin for $ 90,000 AA ETH that remains stuck under $ 3,000.
The RSI FALL For several weeks Sellers have a hand on dynamics. Be able to find a Momentum haussierit will have to Dynamic change hits the week.
A couple ETH/BTC in the free fall finds the level of December 2020
PUSH A couple ETH/BTC is excellent Ethereum form indicatorBut also for altcoins. AND The situation is catastrophic Since mid -2022. Specifically the course was displayed Duty and offspring peaks below downstream trend line and Institutional bias (EMA 9/EMA 18) Bettler continue to resist. If there is a course negative dynamicsEthereum and altcoins will be difficult to express themselves:
The couple is down more than 70 % from the top recorded in December 2021. The course responded Supports 0.023 and 0.026but The trend is still for the seller. It will be necessary to change the dynamics in the weekly (hollow and ascending peaks) to check the solid ETHN. Therefore, it will be necessary to see the signals you can look at Dynamic change and Mobile diameters (EMA 9 /EMA 18) that returns up. Part of it RSI did not record again below Since October 2023. The momentum is therefore durableBut we will have to find Erase upright dynamics that Buyers can put their hands back to dynamics.
Key elements to remember
Bitcoin lost $ 100,000 but remains far above $ 90,000. And yet this drop was enough to undermine altcoins. Most altcoins correct and all industries were in red for a month. Only a few rare active substances such as hyperliquid hyper have managed to get out of it. Ethereum, the leader of altcoins, is in a difficult situation in the face of bitcoin. Face in the face of the dollar, the course will have to recover at the level of ascending trend lines. Otherwise, ETH can lose $ 2,000. Whatever happens, ETH knows a very complicated bull running …