The global cryptocurrency market noted an increase of 1.60% over the last day which pushed the market cap to $358.49 billion at the time of writing. Following the surge, Bitcoin along with several altcoins have kickstarted the much-anticipated rally as they broke significant resistance levels along the way.
Binance Coin [BNB]:
Binance Coin [BNB] was down by 2.4% over the past day which drove the coin’s price to $28.19 as it held a market cap of $4.07 billion and a 24-hour trading volume of $360 million.
After posting a stunning rally, BNB topped out at close to $29.19 level of resistance. This was also evidenced by Klinger Oscillator and MACD which sustained a bearish crossover shortly after the collective crypto market rise.
As bulls appeared to have halted, the ball now lies in the bears’ court. If the downward momentum gets traction, it could drive the coin to retest the recently breached $27.17 support level before falling all the way to $22.17.
Chainlink [LINK] was being traded at $10.53 after a decline of 1.43% over the past 24-hours. At the time of writing, the token registered a market cap of $3.68 billion and a 24-hour trading volume of $1.22 billion.
It continued to hover below its overhead resistance of $10.77.
The green closing lines of Awesome Oscillator depicted a bullish momentum for the coin. Chaikin Money Flow also spiked above the zero-line after a two-week-long bearish hiatus below it. This indicated an increasing inflow of money in the coin market. If the bulls manage to hold the current level, LINK could potentially target the aforementioned resistance level as the coin found significant support at $8.75
Following the minor pullback of 1.65% over the last day, Tron [TRX] was priced at $0.0264 as it stood at a market cap of $1.89 billion and a 24-hour trading volume of $1.35 billion.
The dotted markers of Parabolic SAR aligned below the TRX price candles resisted a potential downtrend. The RSI, however, continued to face rejection at the 50-median neutral line. This pointed towards both bulls and bears strongly defended their respective levels. The coin found its immediate resistance at $0.030 while the support point stood at $0.023