Bitcoin Might Be Flat, But Traders Have Their Eyes on This Shiny New Token: Analysis

Bitcoin Could be uninteresting at the moment, but there is at least one Altcoin Today, the buzzing market is all stemmed from binding eyes with a leading crypto exchange in the US, Coin.

First, the background: the global cryptocurrency market is not working much right now, sitting on about $ 3.25 trillion of market caps and quite flat in the last 24 hours. But that could be welcome news for cryptocurrency investors who have already suffered great losses earlier this week. In addition, if we zoom, the total capitalization of cryptocurrencies increases in a year, receiving about $ 500 million in the last three months.

AND The Crypto of Fear and Greeding Index Sitting close to 65 years, reflecting neutral-to-bullish feelings that support the accumulation of sinking rather than getting out of panic. Recent geopolitical tensions involving the Israeli-Iranian conflict, the potential involvement of the United States in the war and $ 1.2 billion in liquidations that affected the impact created market turbulence.

But despite the short-term volatility, the institutional support of cryptocurrencies is still strong because the ETF headquarters in the United States have maintained a net inflow over the last two weeks and Blackkkk’s Ishares Bitcoin Trust quickly outsmarts $ 70 billion Label in the management property.

Bitcoin: Testing the support level

Bitcoin is currently trading around $ 103,7410, which is very close to the $ 104,000 support level. The daily chart reveals the consolidation phase that could determine the next major move. Trading volume decreased to $ 49.4 billion, which is 10% lower compared to yesterday.

The technical picture shows bitcoin on the key slope point, but still neutral to the carriers based on the total form of lower highlights ($ 112,000, $ 110,000, $ 108,000) from May), which means that bulls can still make price bounce – just not enough to retain their momentum.

The average orientation index or ADX, which measures how strong the pricing is, confirms the form. Sitting right now on 16 points in the “without trend” zone, the indicator indicates the consolidation phase instead of a strong momentum. This lateral action often precedes significant moves in any direction. Generally speaking, the trend is solid if an indicator is over 21 points.

A relative strength index or RSI measures how natural movement of coins are priced. Currently, she hovering for 45 years, placing bitcoin on a neutral territory, and traders are waiting for them to see what will happen next.

The 50-day and 200-day exponential moving average or EMAs, both show a long signal with a golden cross pattern still intact, supporting a long-term bull structure. The “Golden Cross”, in the store, occurs when the short -term prices (EMA50) are presented with long -term average (EMA200) crosses and are generally interpreted as a bull’s sign.

Key Technical Level for Supervision:

• Immediate resistance: $ 106,500 (Recent Rejection Zone)
• Great resistance: 108,800 to $ 110,000 (a psychological zone where sellers have consistently defended themselves)
• Critical Resistance: $ 112,000 (all the time of high region)
• Immediate Support: 102,000 to $ 103,000 (current test zone)
• Main support: $ 100,000 (psychological level)
• Critical Support: $ 93,200 (200-day EMA region)

Aero: defy gravity on the market

While Bitcoin consolidates and most Altcoins bleedFinance airport, which trades like Aero, is today the brightest star, which has increased more than 80% and 14.78% today in June, up to a current price of $ 0.8379. The airport is marketed as the “central trading and liquidity market” on the Ethereum-2 cinbase network base.

At the end of last week, the Finance airport announced that his Dex would integrate “directly” into the main Coinbase app. The same you probably already installed on the phone. This means that the airport will soon get exposure to Coinbase’s 10.8 million Monthly active users. So, yes, it is easy to understand why traders are bulls on Ara, who currently enjoys a market limit of $ 680 million on a completely diluted estimate of $ 1.3 billion.

The daily chart for the air is evidenced by the obvious: extremely strong bull momentum. The price decisively broke above the critical level of resistance in the amount of $ 0.78. This interruption occurred on a significant amount, which in the short term confirmed the true purchase of interest.

Reading ADX 30 with a long trend signal indicates a moderate to a strong trend power. Unlike Bitcoin ADX of 16, Aero -I reading 30 suggests that a shocked move with increasing momentum is underway.

RSI sits with 65.96 – covered without reaching overpowered territory above 70. It leaves room for further upside down before technically indicators suggest exhaustion. The 50-day Emma goes upwards and asks to move over 200-in-the-class emma to produce a golden cross. If this happens, then the bull correction can be confirmed as a serious trend of prices, as the average token price would be higher than the price of token a long time ago.

Key technical goals and levels:

• Immediate resistance: $ 0.88 (23.6% Fibonacci’s level and high week)
• Great resistance: $ 1.30 (50% Fibonacci’s diverting, psychological level and point where the cross of death occurred)
• Extended goal: $ 1.40 to $ 1.60 (if swing continues)
• Support level: $ 0.70 (psychological level)
• Next support: $ 0.66 (poor goal)
• Critical Support: $ 0.55