The crypto currency market started the new day with a strong rise. The total market value increased by 50 billion dollars and reached 2.68 trillion dollars. This recovery, especially under the leadership of Bitcoin and EOS, increased optimism in the short term. However, the market is still in a sensitive balance. As Kriptokoin.com, we transfer the details.
LDER Crypto Money Bitcoin is fighting in critical resistance
Bitcoin rose to $ 84,581 in the last hours. The fact that he relied on $ 85,000 re -excited investors. If this level is broken upward, the price is possible to rise to $ 89,800. This can create more purchase pressure throughout the market.
On the other hand, sales may accelerate if Bitcoin does not overcome this resistance. In such a scenario, the price may fall to $ 80,301 before. Although the technical indicators are positive, the moment of decision has not yet come. Volatility may increase especially at these levels.
According to some analysts, macroeconomic data also support this rise. The softening of interest expectations on the US side has increased the interest in crypto currencies. If Bitcoin breaks this resistance, not only a technical barrier will be overcome.
EOS pulled her eyes after 30 %rally
One of the surprises of the day was EOS. Altcoin, which rose to $ 0.80 with a 30 %rise in the last 24 hours, has attracted the attention of investors. In this increase, the general market atmosphere was effective as the rebranding process called “Vaulta ğı planned by EOS.
Technically, the EOS went on the Ichimoku cloud and signaled the rise. Currently the target is $ 0.84. In case of breaking this level, the price can gain even more power. However, if the resistance cannot be broken, a correction may be possible towards $ 0.76.
Investors need to pay attention to the transaction volume, especially in the EOS. In order for the rise to be sustainable, the purchasing -oriented interest must continue. Otherwise, this sudden rally may be damped in a short time.
The market recovered but the danger is not past
The total market value reached 2.68 trillion dollars and made a significant leap. However, this rise is permanent, not yet clear. Although Circle’s public offering process was met positively, the UPCX hacking incident created anxiety in the market.
In order to continue the upward movement in the short term, confidence must be protected. Otherwise, recovery may be replaced by uncertainty.
