Weekly review of 10 major cryptocurrencies 18.06.18 - 24.06.18
Last week major cryptocurrencies continued their decline achieving new local minimums and losing important supports. Bitcoin reached minimum of $ 5'755. And by the close of the week it could rise above key level of $ 6'000. Its share in total capitalization increased to 42%.
The number of billionaire-coins is still 18 and their total number (according to coinmarketcap.com) decreased to 1'586.
The total capitalization of cryptocurrencies declined to $ 252 billion.
Bitcoin decreased by further 5% from $ 6'440 to $ 6'150 last week, the minimum was $ 5'755.
The market has fallen to key level of $ 6'000 and has been consolidating near it. There has not been close of day and of week under $ 6'000 yet. However, it is almost inevitable without active purchases.
Until $ 9'000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 8% from $ 497 to $ 455, the minimum was $ 421.
Ethereum had been trying to increase during last week but finished the week with new minimums. Medium-term downward trend has continued. The zone of long-term support is from $ 360 and lower. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) decreased by further 8% from $ 0,52 to $ 0,48, the minimum was $ 0,44.
The decrease has continued. New local minimum has been reached. Testing of new april minimum near $ 0,45 has started. Its break will clear the way to $ 0,2 - $ 0,25.
Further decline is more likely.
BCHUSD fell by further 12% from $ 845 to $ 747 during last week, the minimum was $ 661.
The rate has dropped from fast-moving average and has continued to decline gradually. It is a bearish sign. The support is on $ 600 and $ 300. The resistance is $ 1'100 and then $ 1'800. Further decline is more likely.
Litecoin declined by further 16% from $ 95 to $ 80 with the minimum of $ 73.
The key support near $ 100 is broken.
There are now no technical obstacles for decline to $ 55.
IOTA declined by further 16% from $ 1.17 to $ 0,98, the minimum was $ 0,89.
The decline has continued and the rebounds are insignificant. The first target of decline near $ 1 has been reached.
The further decline to $ 0,33 is more likely.
NEO decreased by further 20% from $ 39 to $ 31, the minimum was $ 29.
The support near $ 45 is broken. There are no technical obstacles for decline to $ 22 now. The further decline is more likely.
Monero fell by further 1,6% from $ 123 to $ 121 with the minimum of $ 106.
The support above $ 150 had been broken and the decline continued. However, last week maximum was $ 170 already. And new minimum was not reached. Maybe, purchases which had arised balanced the market. This week consolidation on achieved levels is more likely.
DASH fell by further 10% from $ 265 to $ 238, the minimum was $ 221.
The decline reached the support above $ 220. However, it is more likely to just slow down decrease. The further decline is more likely.
NEM dropped by 29% from $ 0,215 to $ 0,15, the minimum was $ 0,14.
Important support on $ 0,20 has been broken. There are no technical obstacles for decline to $ 0,1 now. The further decline is more likely.
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The number of billionaire-coins is still 18 and their total number (according to coinmarketcap.com) decreased to 1'586.
The total capitalization of cryptocurrencies declined to $ 252 billion.
Bitcoin decreased by further 5% from $ 6'440 to $ 6'150 last week, the minimum was $ 5'755.
The market has fallen to key level of $ 6'000 and has been consolidating near it. There has not been close of day and of week under $ 6'000 yet. However, it is almost inevitable without active purchases.
Until $ 9'000 is overcome, long-term technical picture remains bearish.
Ethereum decreased by 8% from $ 497 to $ 455, the minimum was $ 421.
Ethereum had been trying to increase during last week but finished the week with new minimums. Medium-term downward trend has continued. The zone of long-term support is from $ 360 and lower. The rise above $ 800 will be a signal of growth resumption.
Ripple (XRPUSD) decreased by further 8% from $ 0,52 to $ 0,48, the minimum was $ 0,44.
The decrease has continued. New local minimum has been reached. Testing of new april minimum near $ 0,45 has started. Its break will clear the way to $ 0,2 - $ 0,25.
Further decline is more likely.
BCHUSD fell by further 12% from $ 845 to $ 747 during last week, the minimum was $ 661.
The rate has dropped from fast-moving average and has continued to decline gradually. It is a bearish sign. The support is on $ 600 and $ 300. The resistance is $ 1'100 and then $ 1'800. Further decline is more likely.
Litecoin declined by further 16% from $ 95 to $ 80 with the minimum of $ 73.
The key support near $ 100 is broken.
There are now no technical obstacles for decline to $ 55.
IOTA declined by further 16% from $ 1.17 to $ 0,98, the minimum was $ 0,89.
The decline has continued and the rebounds are insignificant. The first target of decline near $ 1 has been reached.
The further decline to $ 0,33 is more likely.
NEO decreased by further 20% from $ 39 to $ 31, the minimum was $ 29.
The support near $ 45 is broken. There are no technical obstacles for decline to $ 22 now. The further decline is more likely.
Monero fell by further 1,6% from $ 123 to $ 121 with the minimum of $ 106.
The support above $ 150 had been broken and the decline continued. However, last week maximum was $ 170 already. And new minimum was not reached. Maybe, purchases which had arised balanced the market. This week consolidation on achieved levels is more likely.
DASH fell by further 10% from $ 265 to $ 238, the minimum was $ 221.
The decline reached the support above $ 220. However, it is more likely to just slow down decrease. The further decline is more likely.
NEM dropped by 29% from $ 0,215 to $ 0,15, the minimum was $ 0,14.
Important support on $ 0,20 has been broken. There are no technical obstacles for decline to $ 0,1 now. The further decline is more likely.
Wish you profitable deals and follow our reviews!
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