The past few days have been particularly exciting for the cryptocurrency market, including Ripple Labs (XRP)'s victory over the SEC, which has led to many altcoins that recently qualified as security tokens, such as SOL, MATIC, AVAX, ATOM and many other assets registering very good increases. However, this weekend, traders re-emerged, pushing the broader market lower technical levels. Given the volatility in the market, what should we expect from the market in the coming weeks?

A big step for XRP, a small step for capitalization

Clearly, the market has managed to overcome the $1,160 billion resistance level we mentioned since last Sunday. The challenge now is the market's ability to stay above this technical threshold, rebound and move towards the next resistance level at $1,244 billion.

As we saw not too long ago, the market attempted to break out and move lower, but this did not result in the resistance level turning into support. So, has the time finally come for crypto capitalization? This is something we will be watching closely in the coming days, and hopefully this is the case. If the bulls fail to hold the current technical levels, then we could see $1.063 billion again.

Small-cap cryptocurrencies take advantage of upside

At the moment, it turns out that altcoins have managed to break out of the pivot point within the range in which the capitalization has been moving for months. This is a rather interesting sign that favors continued upward movement in the coming weeks. However, before returning to the ceiling of $405 billion, the capitalization still faces another resistance, which is $375 billion.

Therefore, the challenge in the coming weeks will be whether the capitalization can break through the red zone, which would allow the altcoin to extend the rally and seek the $405 billion technical level. However, re-consolidation below the pivot would be a bearish sign, which would lead the altcoin to return to the lower limit of the range and thus revisit the previous lows.

Bitcoin is in a pretty good position

It has been a while since we had a chance to check out what is happening with the king of cryptocurrencies. There is not much to see as the daily momentum remains bullish. After approaching the 53% resistance area, the price briefly retreated and is currently back to the 50% technical zone.

As long as this technical level holds, the bias for Bitcoin dominance is quite bullish. However, if dominance drops below 50%, the price will likely return to the previous technical area (shown in blue), which would give altcoins and Ethereum a window of opportunity to move higher.

Ethereum’s technological opportunity?

For Ether, it is clear that the situation is a little better than it was last week, since the current low is now higher than the previous low, and especially since a new high has been set, which allows us to foresee a reversal in the price of Ether’s upward trend.

From now on, Ethereum’s goal is simple: overcome the technical area (indicated in red) in order for the altcoin to form a strong uptrend, with the first technical target corresponding to the sloping resistance indicated in red. However, since the bullish failed and fell below 0.06 BTC, now Ethereum will have to show its buying strength.

Are DeFi cryptocurrencies in their best shape?

For DeFi altcoins, the sector is clearly benefiting from XRP’s victory as its market cap has managed to overcome the $41 billion technical resistance zone. Now, let’s keep an eye on this area in the hopes that the market cap can break through this technical threshold as support for a rally to $47 billion. If it fails and reenters the previous resistance level, then there is a good chance that the price will return to $35 billion. Currently, the bias is bullish.

It is clear that XRP’s victory has benefited the entire market, especially Ethereum, as Bitcoin’s dominance has fallen slightly, while Ethereum has triumphed against the king of cryptocurrencies. This trend started to emerge a few days ago and must be sustained for altcoins to truly rise over time. At the moment, the bullish momentum remains fragile and the coming weeks remain uncertain. Therefore, assuming that Bitcoin’s dominance falls below 48% could be very good news.

Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together. If you have any questions, you can comment or send a private message