July 11 crypto market cap started with $267 billion. The market cap, which dropped below $260 billion sometime yesterday, then recovered and raised over $260 billion again. Altcoin market managed to stay above $95 billion after yesterday’s volatility. Today, the trading that started with buyers has increased the altcoin market value to $96.4 billion. Bitcoin domination has seen an increase yesterday, but it is falling again today. The bitcoin market rate is now down to 63 percent.
July 11 Crypto Support-Resistance Levels (Top 4)
We have determined the daily support resistance levels of the top 4 cryptocurrencies according to the current price movements in the list sorted by capital value (excluding Tether). While the pivots, Bitcoin, and high-value altcoins are likely to have to determine price levels for the daily direction, support and resistances are the possible values that the market can react according to yesterday’s price movements.
Bitcoin dropped to $9,125 yesterday. And then bulls raised bitcoin up to $9,300. BTC started the day below $9,300 level but has not yet disrupted the short-term bullish trend.
The critical level for the BTC/USD pair is now seen at $9,250. If BTC holds this price, there may be attacks towards the $9,400 band.
Below the $9,250 support, while $9,170 stands as the next support point, regressions towards $9,050 can be seen in case of possible sell-off.
Ethereum found support at $237 yesterday, and the day’s close was over $240.
Today, the most critical price for ETH/USD is seen at $240, while hourly candle closings above this level could allow it to reach $250 over the weekend. In the lower area, $235 is seen as solid support according to the latest price movement.
XRP found buyers at $0.195 yesterday and closed the day just under the 20 cents resistance after it had easily passed the $0.197 resistance.
The positive sentiment for XRP continued during the Asian trading hours and XRP entered the 20 cents zone again. Today, the pivot level at $0.198 can be followed as the first support for a possible correction. On the upside, we can see that the Ripple token can move up to the resistance of $0.207.
The downtrend, which started at $246 in Bitcoin Cash, has slowed down after buyers were seen at $234 yesterday.
Today, if BCH bulls manage to maintain support for $237, the first key resistance is likely to be at $240. On the downside, $230 stands as the most important support to prevent losses.