The crypto industry was taking a break from being volatile as most of the coins were seen witnessing dainty changes in price. The market cap was also rising sluggishly by 0.30% and during the time of writing, the global crypto market cap stood at $334.78 billion. While Bitcoin continued reposing at $10,618, the king coin dominated the market by 58.7%.
Binance Coin [BNB]
Changpeng Zhao’s Binance Coin was seen falling back down after enjoying an uptrend over the past few weeks. The sixth-largest cryptocurrency with a market cap of $3.9 billion was trading at $27.01, at the time of writing. BNB was dropping by 1.28% over the last 24-hours and had endured a 6.96% dip in the last seven days.
Looks like the bears had taken over the BNB market as the short-term price chart of BNB reported a strong bearish sentiment. With the formation of red closing bars, the Awesome Oscillator indicator was alerting the market of a bearish occupation. The Chaikin Money Flow [CMF] was aiding the claims of the Awesome Oscillator as the CMF market was below zero.
XTZ was all the way in the seventeenth position with a market cap of $1.53 billion. The coin had endured more than an 11% plummet over the last seven days. At press time, the altcoin was priced at $2.05 while its daily drop was noted at 2.57%.
The fate of XTZ was rather uncertain as both the key indicators used in the short term price chart of the altcoin gave contrasting opinions. With the signal line taking over the MACD line, the MACD indicator manifested a bearish crossover. However, the Klinger Oscillator was seen trying to open gates for the bulls with its bullish crossover.
After grabbing the attention of the crypto-verse by hitting $400 multiple times over the last few months, ETH is most likely to take a long time to get there again. The second-largest coin was trading at $339.08 with an 8.01% dip in its price over the last seven days. The market cap of the altcoin stood untethered at $38.29 billion.
Ethereum could continue its downtrend as the Parabolic SAR indicator formed dotted lines above the candlesticks. This is considered a bearish sign as the dotted lines hinder the possibility of an upward breakout. Lounging below the 50 median, the Relative Strength Index marker revealed sellers’ sentiment in the ETH market.