Altcoins Take Off Bitcoin! Crypt for viewing

Altcoin capitalization maintains support at $1.2 trillion

Bitcoin price reaches stay above $90,000and therefore altcoins stabilize also. The capitalization of altcoins is developing at a level weekly support of $1.2 trillion for several weeks:

After a down 36% on the capitalization of altcoins, a bounce could lead the course to the following two technical levels:

• bearish moving averages (EMA 9/EMA 18) around $1.35 trillion
• PUSH resistance at $1.5 trillion

However, if it is only a simple interruption and downward trendthe price could drop again. Decline towards $980 billion in support is possible in case a loss of 1200 billion dollars. The RSI momentum indicator is rebounding but has been declining for several months. THE momentum remains fragile yet.

Bounce on altcoins: all crypto sectors are in the green

Altcoins are offering some respite after a tough period. Indeed, all of them, according to data from The Block crypto sectors are in the plus for the past seven days. The strongest sector for the previous week is the corresponding one memecoins related to Solana. It’s recording 13% increase :

THE altcoins linked to Ethereum they are also solid over the past week as they have climbed more than 10%. Despite the surge seen across the crypto sector, performance is not exceptional. At the moment, altcoins are following the movements of Bitcoin. Therefore, BTC will have to restart a clear bullish momentum to avoid another disaster on small cap assets.

With an increase of almost 20%, Sui (SUI) is the altcoin that grew the most this week among the top 100 cryptocurrencies:

All the assets in the table above will be displayed an increase of more than 10% in one week. On the other hand, none managed to climb more than 20%. SUI is the strongest asset, but Aave (AAVE) is very close to 18%. earnings in seven days. Let’s analyze the SUI situation and see if it can continue to rise.

Sui (SUI) could stall against resistance at $1.8

The price of SUI will almost rebound 20% in one weekbut displays a down 75% from peak recorded in early January. Price draws downward lows and highs from last high at $5.3 :

If the momentum remains brittlethe price could fall towards support $1. On the other hand, if the course is successfully completed resistance at $1.8could accelerate towards resistance at $4. At the same time, RSI is moving down and below the bearish trend line. THE momentum is therefore febrile at SUI.

Key elements to remember

As Bitcoin remains above $90,000, altcoins are taking the opportunity to make a timid rebound. All crypto sectors are in the green for the past seven days. Sui (SUI) is the strongest asset for the previous week, but could be held around the resistance at $1.8. Ethereum can keep $3000. And growth to $4,000 seems possible.