After climbing a short step up last week, the average 7-day moving crypto market sentiment score (sentscore) for ten major coins slipped to 5 from 5.15, according to the market sentiment analysis service Omenics. Ethereum (ETH)‘s sentiment is still above bitcoin (BTC)‘s, and is the only coin with a positive sentscore.

There are two green coins to talk about today, which are winners in their respective categories. One is the mentioned ETH with the score of 6.1. Five other coins have sentscores in the 5-5.9 range, led by BTC’s 5.7, followed by cardano (ADA)‘s and polkadot (DOT)‘s 5.2 each, and ending with tether (USDT)‘s and USD coin (USDC)‘s 5 each.

Meanwhile, four coins have sentscores below 5: binance coin (BNB) and uniswap (UNI) are at 4.6 each, while XRP and litecoin (LTC) have 4.3 each.

And when it comes to the other green coin, which is also the winner of the week per the rise in its sentscore - that honor goes to USDT. It is the only coin that has seen it’s sentscore rise over the past seven days, and by a double-digit percentage too, of nearly 11%.

All the other coins are red - save for BTC which is unchanged this week - ranging from USDC’s -1.2% to UNI’s -11.6%.

Sentiment change among the top 10 coins*:
Interpreting the sentscore’s scale:
- 0 to 2.5: very negative
- 2 to 3.9: somewhat negative zone
- 4 to 5.9: neutral zone
- 6 to 7.49: somewhat positive zone
- 7.5 to 10: very positive zone.

Now focusing on the developments in the last 24 hours, the overall sentecores for the 10 coins is down to 4.79, deep within the neutral zone. Nonetheless, the majority of the coins are up over the past day, even if by relatively low percentages. DOT leads the list with a rise to its score of 4.4%, while the smallest rise is BTC’s 0.4%. When it comes to the drops, the week’s winner turned the day’s loser, as USDT’s sentscore fell 6.7%. It’s followed by LTC’s -5.9% and ETH’s -0.6%. Only four coins, however, have scores above 5, and none above 6. BTC is at the top with 5.7, while ETH is in the second place with 5.6. USDC and DOT have 5.4 and 5, respectively. The lowest score on the list today is LTC’s 4 - sitting on the border of the negative zone.

Daily Bitcoin sentscore change in the past month:

Meanwhile, outside the top 10 list, when it comes to the other 25 coins rated by Omenics, the situation is not much greener in the past week, if at all. Only eight coins have seen their sentscores rise, the highest among these being WAVES‘ 9.4%, and the lowest maker (MKR)‘s 0.3%. The falls, on the other hand, are plenty, and for some, quite big. Chainlink (LINK)‘s score dropped the most, 16%, while tron (TRX)‘s fell the least, 0.9%. There are no scores in the positive zone, and only five have sentscores above 5, with algorand (ALGO)‘s 5.9 leading the list. On the other hand, two coins are in the negative zone now, both with a 3.7 score: ontology (ONT) and OMG.

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* - Methodology:

Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms.
As their website explains, “Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment,” later adding, “Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin.” For now, they are rating 35 cryptoassets.

Bitcoin price gained pace after it broke the USD 38,000 resistance zone. BTC even climbed above USD 38,500 and USD 39,000. It is currently (12:15 PM UTC) consolidating and it might attempt an upside break above USD 40,000.

Besides, most major altcoins could continue grinding higher. ETH could rally if it settles above USD 2,500. XRP/USD is recovering, but it might face resistance near the USD 0.90 level.

Total market capitalization

Bitcoin price

After a close above USD 38,000, bitcoin price traded in a positive zone mostly. BTC even climbed above USD 39,000, but it is facing a strong resistance near the USD 40,000 level. A successful break and close above USD 40,000 could open the doors for a larger increase. The next key resistance is near the USD 42,000 level.
On the downside, an initial support is near the USD 38,500 level. The next major support is now forming near the USD 38,000 level.

Ethereum price

Ethereum price is also rising and is trading above the USD 2,450 level. If ETH breaks the USD 2,500 level, it could start a strong increase. The next key resistance is near USD 2,550, above which it could rise towards USD 2,700.
Conversely, the price could dip below USD 2,450. An immediate support is near USD 2,420, below which the price might fail to stay above USD 2,400.

BNB, LTC, DOGE, and XRP price

Binance Coin (BNB) is up approaching the USD 365 resistance level. If BNB settles above USD 365, it could even test USD 380. The main resistance is near the USD 400 level. On the downside, the USD 350 level is a major support, below which the price might test the USD 535 support.
Litecoin (LTC) is struggling to clear the USD 172 level. The next major resistance is near the USD 180 level, above which the price might rise to test the USD 195 and USD 200 resistance levels. If not, the price could correct lower and test the USD 150 level. Any more losses might push it to USD 132.
Dogecoin (DOGE) is still consolidating above the USD 0.320 support level. An initial resistance on the upside is near the USD 0.335 level. The key resistance for a larger increase is near the USD 0.350 level. On the downside, the bulls might protect the USD 0.300 support.
XRP price is trading above the USD 0.850 support. An immediate resistance is near the USD 0.885 level. The key hurdle sits near USD 0,90, above which the price could grind higher towards USD 1.0. Conversely, there is a risk of a drop towards the USD 0.82 level.

Other altcoins market today

Many altcoins climbed over 10%, including RUNE, GRT, FTM, AMP, TEL, THETA, AAVE, QNT, HOT, and LINK. Out of these, RUNE rallied almost 19% and it cleared USD 8.0.

To sum up, bitcoin price is trading above USD 39,000. If BTC closes above USD 40,000, it could confirm a larger increase towards USD 42,000 or even USD 45,000.
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Bitcoin price corrected gains from the USD 38,500 resistance zone. However, BTC remained well bid above the USD 36,000 level. It is currently (12:07 PM UTC) trading in a positive zone and it could surge above USD 38,000.

Meanwhile, most major altcoins are struggling to gain momentum. ETH is now trading below USD 2,500 and is facing a major resistance near USD 2,550. XRP/USD is also facing an uphill task near the USD 0.90 level.

Total market capitalization

Bitcoin price

After testing the USD 36,000 zone, bitcoin price started a fresh increase. BTC climbed back above the USD 37,000 level. An initial resistance is near the USD 38,000 level. The first major resistance is near the USD 38,500 level. If the bulls gain strength for a push above USD 38,500, the price could test USD 40,000 in the near term.
On the downside, the price might remain stable near the USD 36,000 level. The next major support for the bulls is near the USD 35,500 level.

Ethereum price

Ethereum price is holding the USD 2,400 support level. An immediate resistance on the upside is near the USD 2,500 level. The main barrier for a larger increase is near the USD 2,550 level.
If the price fails to clear USD 2,500 or USD 2,550, it could extend its decline. A downside break below USD 2,400 could lead the price towards the USD 2,350 level.

BNB, LTC, DOGE, and XRP price

Binance Coin (BNB) is showing positive signs above the USD 350 level. On the upside, an immediate resistance is near the USD 365 level. The main resistance for a move towards the USD 400 level is near the USD 380 level. Conversely, the bulls could remain active near the USD 350 level. The next major support is at USD 535.
Litecoin (LTC) is still trading above the USD 165 support level. It seems like the bulls are aiming for an upside break above the USD 180 resistance. If they succeed, they might face a strong challenge near the USD 195 and USD 200 levels. If not, the price may possibly decline towards the USD 150 support.
Dogecoin (DOGE) is stuck in a range above the USD 0.320 support level. On the upside, an immediate resistance is near the USD 0.335 level. The key resistance is near the USD 0.350 level. If there is a fresh decline, the price might remain stable near USD 0.305 and USD 0.300.
XRP price is trading above the USD 0.850 support. If there are more losses below USD 0.850, the price could revisit USD 0.820. On the upside, the USD 0.880 level is a short-term resistance. The key barrier is near the USD 0.900 level.

Other altcoins market today

Many altcoins declined over 5%, including ICP, SNX, BTG, TFUEL, RUNE, KSM, XMR, FTM, ATOM, SUSHI, CRV, SOL, UNI, COMP, and ONE. Conversely, CHZ, AMP, BAKE, and ENJ are up over 10%.

To sum up, bitcoin price is trading in a positive zone above USD 37,000. If BTC settles above USD 38,000 and USD 38,500, it could move further into a bullish zone.
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