As the crypto money market returned to green today, the eyes of the investors were both technical levels and last -minute developments. Although Bitcoin and the total market value do not make a major leap, the overall appearance gives signals to recovery. Especially on the Altcoin front, Curve Dao Token (CRV) managed to enter the radar of investors with a 15 %rise in the last 24 hours. So what’s behind these developments that turn the market green?
Crypto market is strengthening: Total market value rises from support
In the last 24 hours, the total value of the crypto currency market rose to $ 2.64 trillion. Although the increase is limited only to $ 15 billion, this movement points to a powerful leap from $ 2.61 trillion support level. This rise shows that investors maintain the confidence in the market.
If the rise continues, the next target is seen as $ 2.74 trillion. In the event that this level is exceeded, the market value approaches $ 2.85 trillion resistance to compensate for the last decreases to a great extent. However, a Death cross structure between EMAs on the technical side can trigger a potential decrease. In this scenario, the market value may regain $ 2.50 trillion levels.
Bitcoin stuck on the $ 85,000 limit: Is the rise coming?
Bitcoin (BTC) is currently traded at $ 82.906, and investors have re -erected over $ 85,000. BTC, who lost this support last week, is now trying to recover again. This movement is quite critical in terms of the general aspect of the market.
The biggest support for this recovery came from Michael Saylor’s Strategy company. Last week, the company purchased a new Bitcoin of about $ 2 billion. This purchase was followed by the purchase of $ 2 billion in February and small purchases of $ 10 million and $ 500 million. If the BTC reclaims $ 85,000 with this momentum, the price may be possible to reach $ 89,800 in the short term. However, if the decline persists, the next strong support stands out as $ 80.301.
Curve Dao Token (CRV) became the star of the day among crypto coins
The most remarkable rise on the Altcoin front was on the Curve Dao Token (CRV) side. The CRV increased by 12 %in the last 24 hours and reached $ 0.52 and became the best performance of the day. Investors are now closely monitoring whether the $ 0.57 resistance will be broken.
This resistance has been a strong obstacle for CRV since February. If it manages to rise above this level, the price is likely to rise to $ 0.78. However, if the CRV cannot break this resistance, it can re -sales pressure and retreat to $ 0.39 support. This can completely invalidate the current ascension appearance.
