The total Crypto market capitalization (total) and Bitcoin (BTC) observe a slight recovery at this time with the latter rising above $ 110,000. Pump.fun (bomb) leads the Altcoin market with an increase of 9.6% in the last 24 hours.
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The cryptography market tries to recover recovery
The total capitalization of the cryptography market has increased by $ 41 billion, reaching $ 3.75 billion at the time of writing. The total is quoted above the support level of $ 3.73 billion, indicating short -term resistance.
If the bullish impulse is maintained, total could move towards $ 3.81 billion and turn it in support. Establishing this level would be critical to maintain ascending pressure. A successful rupture can pave the way for total to try $ 3.89 billion, reinforcing the positive perspective of the broader market and supporting continuous growth.
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However, if the profits are not maintained, the total runs the risk of losing ground. A decrease below $ 3.73 billion could trigger a renewed sales pressure. In this case, the total limit of the cryptography market may fall towards $ 3.67 billion, erasing recent progress and pointing out the weakness in the attempt to recover the current market.
Bitcoin is back from $ 110,000
Bitcoin is quoted at $ 110,362, trying to claim $ 110,000 as support level. Ensuring this threshold is essential for the cryptographic king to stabilize. A strong retention over support would strengthen the feeling of investors.
BTC is currently caught in a lower three -week trend. However, a rupture is possible if Bitcoin finds enough support from both the market and investors. The immediate objective remains the resistance level of $ 112,500, which, if violated, could open the way for a stronger recovery in the next sessions.
If the sale pressure increases, Bitcoin can lose ground once more. A fall below $ 110,000 could expose BTC to higher downward risks. In this scenario, the price of Bitcoin can decrease to $ 108,000 or even $ 105,585, invalidating the upward thesis.
Pump. It is pumping
The price of the pump increased 9.6% in the last 24 hours, quoting to $ 0.0036 at the time of writing. The Altcoin is currently just below the resistance of $ 0.0038 while it has $ 0.0034 as its support level, showing the recovery capacity in the maintenance of short -term stability.
The relative resistance index remains above the neutral line, indicating that a bullish impulse is being built. If the pump infringes $ 0.0038 and the turnover, the token could push higher. Such movement would probably allow the Altcoin to go to the resistance of $ 0.0041, strengthening its ascending trajectory in the short term.
However, if the short -term investor sales pressure arises, the pump could lose the impulse. A setback could reduce the token to test $ 0.0034. Not having this support could lead to higher decreases, undermining recent profits and invalidating the current upward perspective.
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