Why Crypto Going Up DXY Down, Time to Buy Coins for Altcoin Season?

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A weaker dollar may have helped propel crypto prices higher on Friday as stock investors remained cautious after US inflation figures hit all-time highs despite some easing and lagging. uncertainty surrounding the upcoming FOMC meeting next week.

Meanwhile, the cryptocurrency market made a significant rally yesterday as it rebounded 2.30% off the 0.382 Fibonacci retracement support level. Today, the markets continue to rally so far, with Bitcoin up 1.49% and Ethereum up 2.02% at the time of writing. As the market cap tries to find its way back above the $860 billion range, is the market again trying to break through this key resistance zone?

Crypto Market Cap and Technical Analysis



EMA

In the long term, prices remain bearish as the market continues to trade below the 50 and 100 EMA. But for now, some optimism may set in as the market remains steady above the 20 EMA over the past two days.

IRS

Yesterday, the Relative Strength Index (RSI) broke through the 50 RSI mark at RSI 50.03 and is now hovering around RSI 50.44. It is essential to maintain this level over the next few days so that we can see a possible rise in the market.

MACD

The bullish crossover of the MACD with the rising moving averages is a sign of potential upward movement, however, the narrowing gap between them can be cause for concern. To sustain this promising trend, we need to experience further growth in market momentum.

Support and resistance

Fib 0.236 and Fib 0.382 were found to be significant over the past two weeks. Therefore, the $789 billion to $804 billion levels are the immediate supports for the total Crypto market capitalization. If the price successfully breaks out of the $800 billion to $830 billion range, it may be time to think about taking some positions, but only with proper risk management in place, as market volatility remains. high. The next potential targets are the daily EMA50 at $837 billion and the previous support-turned-resistance zone at $850-860 billion.

Protect yourself from financial risks: diversify your investment portfolio

Protecting your capital from potential risks is essential for any investor, both by using stop losses and being cautious in volatile markets, as well as by diversifying investments. By diversifying your portfolio, you spread risk across multiple investments that may react differently to different market conditions instead of putting all your eggs in one basket.

For example, in addition to investing in asset classes such as stocks, bonds, commodities, and large-cap cryptocurrencies, it’s also a good idea to buy crypto projects cautiously. at the presale stage to benefit from base prices. With this in mind, we have selected 4 cryptocurrency projects with strong fundamentals and high investor interest which are now available for presale.

IMPT.IO (IMPT)

Eco-crypto IMPT is committed to fighting climate change by harnessing the transparency and efficiency of blockchain. The platform gives individuals access to thousands of brands that support climate action with a percentage of their profits from every sale.

You can buy, sell or withdraw carbon credits on the platform. The IMPT token presale is currently in its final days, so investors should take advantage of this opportunity to get in early. IMPT has raised nearly $17 million so far in its pre-sale period, with over $1 million raised in the past 24 hours alone, and it shows no signs of slowing down despite the conditions. crypto bear market current events.

Visit IMPT now

Trade Dash 2 (D2T)

Dash 2 Trade is much more than just a crypto analysis tool. It is an intelligence and analytics platform that provides forecasts, social analysis, and trading signals to help traders make informed decisions. Dash 2 Trade seeks to meet the requirements of all investors – beginners or experienced, large companies or small traders.

It’s the perfect solution for any level of trader who wants to improve their strategies. The platform will provide a range of services, such as formulating and analyzing trading strategies, reading current cryptocurrency news, and gathering insights from blockchain analysis. So far, D2T’s pre-sale has raised $9.2 million in 4 stages and is currently in its final stage with 70% of its target funds raised.

Visit Dash 2 Trade now

Skull (RIA)

Calvaria is a Web3 game that allows players to strategically collect, trade, and battle with NFT-based cards. Unlike other Web3 games, you don’t need to hold any cryptocurrency, which might make it more popular with crypto newbies. RIA can be used to trade in the gambling market and can be staked, giving users an additional incentive to hold onto the token. So far, the presale has raised $2.38 million USDT and is currently in Stage 5, the final stage before launch.

Visit Calvaria now

The Robot Age (TARO)

RobotEra, an Ethereum-based, robot-centric metaverse gaming project, allows users to purchase land and engage in various interactive experiences. Its main advantage is that it does not require coding knowledge from creators wishing to design their own games or experiences. Users will also be able to generate in-game revenue through various means, as well as by staking $RIA tokens.

Currently, RobotEra’s first phase of the TARO token presale has raised a total of $465,000.

Visit RobotEra now

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