Among today’s best price performances are Stellar Lumens (XLM), the ninth cryptocurrency in the ranking, followed by Cardano (ADA), which is up 3%.

The price of Stellar Lumens has now risen by 10%, in sharp contrast to the rest of the sector. XLM, in fact, tries to react to the falls of recent days and weeks.

Stellar Lumens chart, source: https://it.tradingview.com/symbols/XLMUSD/

Today’s strong price rise allows Stellar Lumens to be among the first three cryptocurrencies in terms of a better weekly performance from last Monday, preceded by Binance Coin (BNB) and followed closely by Litecoin (LTC). Litecoin is trying to consolidate its levels at $55.

Source: COIN360.com

Among the worst today, there is Qash (QASH). At the 86th position on Coinmarketcap, QASH has a capitalisation of just over 47 million dollars and today the price has fallen by 18%.

Total capitalisation remains above $132 billion with bitcoin trying to hold on to 52% dominance.

Bitcoin chart, source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

Today the price of bitcoin struggles to rise above $4,000, resistance that shows a lack of purchases needed to push prices beyond this threshold. As we find ourselves more and more in the final part of the two-monthly cycle that began in early February, time is no longer in favour of rising unless there are bullish extensions beyond $4,050 and subsequent pushes in the resistance area set at $4,200.

The bullish trendline that began at the low of February is now a dynamic level close to breaking. It’s nothing to worry about if the prices will manage to stay above $3,600. Under this threshold, bearish speculation will most likely return.

Ethereum chart, source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Ethereum now seems more inclined to deal with supports than with resistances. The $140 threshold that has attracted attention all last week has not been a level of congestion. On the contrary, under the current conditions, it seems that the prices want more to go and test the $120 area.

In the next few days, it is necessary not to go below $115, a threshold that if violated downwards would pave the way to go and test again the lows of early February, namely the technical and psychological 100 dollar area.

 

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Federico Izzi
Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. Since May 2017 he is officially a Bigbit technical analyst. He was interviewed as a #cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on #Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".