The grass is greener in the crypto-verse. The entire crypto market was painted green during the time of writing. The global market cap followed suit with a 3.34% increase pushing the number up to $344.84. Bitcoin continued its dominance over the market by 58.5% while its price was seen trying to push past $11K.
Bitcoin Cash [BCH]
Bitcoin Cash [BCH] was seen rising up the price change ladder with a 4.79% increase over the last 24-hours. The altcoin prolonged its stay in the fifth position with its market cap at $4.35 billion. At the time of writing, BCH was trading for $234.98 and the coin had recorded a 6.72% rise over the last seven days.
The bulls seemed to be getting cozy in the BCH market and the prolongation of their stay could help the altcoin push past $250. With the formation of dotted lines below the candlesticks, the Parabolic SAR indicator eliminated the likelihood of the altcoin enduring a downward breakout. The Relative Strength Index [RSI] was seen recovering from its recent journey to the overbought zone. The RSI marker was above the 50 median highlighting a sellers’ sentiment.
With a significant setback, DOT was sidelined by the other coins that performed better over the past few weeks. However, the altcoin jumped to recovery with a 10.48% increase in its price over the last 24-hours. During press time, the fairly new coin was trading at $4.10 while its market cap stayed at $3.5 billion.
DOT was once again gearing up for a steep fall as bears had taken over the market. The MACD indicator endured a bearish crossover as the signal line was seen above the MACD line. The Klinger Oscillator followed the trial of the MACD indicator and also underwent a bearish crossover.
Once again LINK proved to be a top-performing asset as it took over the current bull market with its notable price change. The eighth-largest coin was seen surging by 11.83%, however, the recent setback had pushed the coin below $9. At the time of writing, LINK was trading for $9.62, with the hope of pushing past $10.
LINK’s plans to go beyond $10 was rather utopian as the bears had commenced their hibernation in the market. The Chaikin Money Flow [CMF] indicator revealed a bearish sentiment as the CMF marker rested below zero. Awesome Oscillator formed red closing bars and sided the bears.