The prices of today’s top 20 coins fluctuate around Friday’s levels and the same is true for Bitcoin Satoshi Vision, as well as Bitcoin Cash which, after the strong increases that characterized last week’s movements, remain close to the levels reached last Friday.
It is worth noting that today the price of Bitcoin Cash is falling just below par, while Bitcoin Satoshi Vision, with a + 2.5%, tries to confirm the increases of recent days, though there are still strong doubts about the resistance of the movement exploded with strong volumes, probably due to manipulation.
Looking at the rest of the sector, Monero still emerges among the best on a weekly basis, but today it is falling back, continuing the price reversal. After having climbed during last Saturday’s day just above the $64 threshold, XMR is still among the best on a weekly basis with an increase of about 10%.
In the privacy coin category, Dash also achieved a good increase during the weekend, pushing himself close to $70, a level that Dash had abandoned at the beginning of last November. Dash is among the top 5 cryptocurrencies on the rise today.
On a daily basis, Synthetix Network (SNX) is back among the best, rising 20% followed by ZCash (ZEC) rising 7%.
On the opposite side, among the big names, there is Ontology and Chainlink, which fall by about 4 percentage points. This trend continues to give signs of a possible consolidation of the entire sector: in fact, the market cap is close to the 220 billion dollars of total capitalization, levels that have not been recorded since the beginning of November.
Bitcoin’s dominance remains unchanged at 68%, while Ethereum’s decreases in the last 48 hours, falling back to the levels of the end of December (7.2%) while XRP’s dominance remains stable at 4.2%.
The price of Bitcoin today
On a technical basis, Bitcoin’s prices continue to test the dynamic bearish trendline passing at $8100, without giving a clear signal of breakage occurred during the day but still not confirmed.
It will be important in the next few hours to give confirmation signals of a break of 8100, otherwise, in case of falls, it is important that prices do not go below the threshold of 7500 dollars.
The price of Ethereum
Prices seem to be consolidating in the 140-145 dollar area. A $5 range where prices have fluctuated over the weekend. It is necessary for Ethereum in the coming days to give a confirmation of the break of the $150 to return to the medium-term resistance test of $160.
What would jeopardize the current bullish trend of Ethereum is a reversal of prices below $135, a level that throughout the second half of December has been a hostile resistance that has now become valid support in the medium-period.