The bulls had entered the market and all the coins were seen rejoicing. But, how long will this joy last? Binance Coin [BNB] was the only asset still persisting in its bullish notion. Bitcoin [BTC], Cardano [ADA], and a few other assets were slowly making room for the bear.
While the daily gains of every asset were slowly depreciating, the market cap of a few coins was rising and directly pushing the overall numbers beyond $2 trillion. The altcoins were putting up a great show with regard to market cap. Sadly, BTC was struggling to make it past $900 billion. At press time, the overall market cap of the crypto-verse was at $2.10 trillion.
Coming back to the price aspect, Binance Coin [BNB], Polkadot [DOT], and Solana [SOL] were bagging the most gains. BNB had a pretty good week as the coin garnered profits up to 20% over the last seven days. During the time of writing, BNB was trading for $423 with a 2.42% surge over the previous 24-hours.
The market cap of the altcoin blew to a high of $71.54 billion. This further secured the coin a spot as the third-largest cryptocurrency. Cardano [ADA] was slyly overpowered by the Binance Coin.
Binance Coin [BNB] one-hour price chart
The short-term price chart of BNB had the bull dancing all over it. While the bulls were slowly moving away from all the other markets, BNB still harbored it. The Parabolic SAR indicator formed dotted lines below the candlesticks and notified the presence of the bull. The Chaikin Money Flow [CMF] indicator remained in the bullish arena. The CMF marker was well settled over the zero median. The persistence of this trend could further push the altcoin towards $500.
The Relative Strength Index [RSI] indicator noted increased buying activity. The RSI marker was over the 50 median in the buyers’ arena.