The total cryptocurrency market (TotalCAP) and Bitcoin (BTC) have recorded minimal falls in the last 24 hours. Staying above the crucial support level, the BTC is safe from a sharp drop; However, artificial Superintelligence Alliance (FET) has recorded a 10% drop in the last 24 hours.

In today’s news (28):

• Bitget is processing Eight accounts accused of manipulating Voxel tokens negotiation and profiting more than $ 20 million. The broker plans to release the recovered funds back to its users.
• Ethereum researcher Dankrad Feist proposed The EIP-9698 to gradually increase the gas limit of the main network by 100 times, potentially reaching 2,000 transactions per second. The update would start around June 1 and would extend for about two years.

The cryptocurrency market is resisting

The total value of the cryptocurrency market has dropped nearly $ 30 billion in the last 24 hours, reaching US $ 2.89 trillion. TotalCAP is currently between the main support of US $ 2.87 trillion and resistance of US $ 2.93 trillion. The market remains stable despite the recent fall.

At the moment, this does not show signs of a major change of impulse. Instead, the market seems to be cooling rather than collapse. If TotalCap maintains its position above $ 2.87 trillion, you can avoid larger losses.

However, a drop could push the market value down to $ 2.80 trillion.

On the other hand, a successful recovery of $ 2.87 trillion, followed by a rise over $ 2.89 trillion, would be a discharge signal. Such a movement would put the total value of the cryptocurrency market in a strong path to recover the $ 3.00 trillion mark.

Bitcoin is cooling

Bitcoin is being negotiated at $ 93,726, remaining strong above the critical support level of $ 93,625. Cryptocurrency is trying to recover from this support and break the resistance of $ 95,668. Current market conditions suggest a stable momentum, with the asset ready for high potential if the purchasing pressure continues to increase.

The probability of a significant fall seems limited at this time. However, if Bitcoin faces low pressure, it is expected to find strong support at $ 91,581 and $ 89,800. These levels can help stabilize the price and break any potential drop.

Bitcoin can successfully break the resistance of $ 95,668 if market conditions become optimistic. A sustained break would make way for the BTC to reach $ 98,000. Such movement would invalidate the perspective of low.

The artificial superintelligence alliance is still going well

Fet has avoided a sharp drop today, accumulating a drop of less than 10% in the last 24 hours. Currently negotiated at $ 0.707, Altcoin is undergoing a recovery period after its strong discharge this month. This stabilization indicates cautious optimism among investors, despite the broader fluctuations on the market.

The next major support for FET is $ 0.641, a level that can be tested if investors choose to ensure profits. After three weeks of consistent gains, some sales pressure is expected. A drop in this support would not necessarily signal a complete reversal of the trend, but justifies careful observation.

If investors decide to keep the assets (Hodl) and the general conditions of the market improve, the FET may break over $ 0.775. A successful recovery that exceeds this resistance would put Altcoin on the way to reach $ 0.901. Exceeding these levels would invalidate the current perspective of low.