22 July 2018

Overview of the cryptocurrency market. July 22

Weak growth shows the digital market today. Digital assets grew by an average of 1-2%. The highest rise was shown by the altoquine Stellar Lumens, the coin went up by 7%. DASH rose by 6%, the cost of altcoin is currently $257. ZRX increased by 8%, the token is sold on the cryptocurrency exchange markets at a price of $1,16. The total capitalization of the digital market is $284 billion, daily trading volumes are $11,8 billion, the BTC domination index is 44,7%.

The attempt of the bulls to overcome the resistance $7 400 - $7 600 has not yet brought success. The price reached the upper resistance level at least 3 times, but immediately after that it went down. Bears clearly do not want to give $7 600 and will defend the level. The price for BTC can show to the cryptocurrency investors two ways of referral, because it is wrong to consider one direction. The first is a downward direction to the support zone below $7 000. The second is a sharp upward impulse and an attempt of new levels of support to keep the price. The first direction of events is more desirable, it will tell about the change in the mood of the digital market. Checking support lines and total retention of value is a good sign for investors and traders.

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