The market continues to fluctuate at the highest levels in the last three months, trying to find a support base from which to resume, although it is necessary that in the next few hours this is developed with a return of volumes in the crypto market, so as to support the next uptrend.
Volumes in recent days and hours continue to fall, confirming a downward trend that sees a reduction by half from the levels recorded at the beginning of the month.
In the last 24 hours, volumes in the crypto market are just over $60 billion.
As for the trend, positive signs prevail for more than 65%.
Looking at the ranking of the first 15, only four are the negative signs. They are those of Ripple (XRP) which falls by 0.3%, with prices trying to stay above the threshold of 20 cents.
Cardano (ADA), which does worse with a slide of 3.5%. ADA comes from a jump that has seen the price, from the lows of May 26th, achieve an increase of over 75% in a few days. Therefore, after the highs of June 4th, it began a slow descent mainly due to profit-taking, in fact the declines of the last few days are not accompanied by selling volumes. Despite the weakness, Cardano continues to maintain its 10th position.
Other crypto assets in negative are Chainlink (LINK), which slips by 1%, followed by Leo (LEO), in 15th position which drops by 0.3%.
Among the big ones, the best rise is by Crypto.com (CRO), which continues to achieve strong rises and today gains 4%.
Among the best of the day, like yesterday, Maker (MKR) continues its rise, today by 22%, followed by Aave (LEND) with +18%.
Zilliqa (ZIL) also climbs again, +15%, after the declines of the last few days.
VeChain (VET) is also doing well, with a double-digit increase today, +10%. VET continues to climb and is close to $0.0085, crucial resistance that in the last year has seen the defence by sellers who have rejected every bullish attack, the last time in mid-February. It will be interesting in the next few hours to see what will happen in the clash between the Bears and the Bulls.
The capitalization remains above $275 billion, with Bitcoin remaining under 65% dominance. Ethereum remains just under 10%, while Ripple, due to the decline of these hours, goes to update its market share to 3.2%, the lowest in the last three years.
Bitcoin (BTC)
The situation of Bitcoin remains unchanged since yesterday. Prices fluctuate around $9,700, continuing to remain above the dynamic bullish support that has accompanied the movement since mid-March.
For Bitcoin, it is necessary to go beyond $9,800 to give a bullish signal in the short term.
Otherwise, a movement below $9,500 would trigger the first alarms with the possibility of a reversal of the medium-term trend.
The first support to be monitored in this case is in the area of $9,050 and the next at $8,800, medium to long term support.
Ethereum (ETH)
Ethereum is holding on to $245. In the last 36 hours, ETH has been fluctuating around this area with fractional variances.
It is necessary for Ethereum to give a bullish signal over $250 to attract new buying volumes that in the last 48 hours have dropped well below the average of the last few weeks.
For ETH there is still a margin of movement without any alarms. The first sign of danger would come with falls below $220 that coincide with the dynamic support area that joins the bullish lows of last mid-March.
