In a respite for the cryptocurrency market, Bitcoin and several top altcoins witnessed a minor surge after a steep pullback. As the space saw a mild recovery, the collective market cap was rose to $331.5 billion.
Bitcoin SV [BSV]:
Bitcoin SV was up by 6.70% over the at 24-hours driving its price to $153.65. At the time of writing, BSV could climb to $2.84 billion and a 24-hour trading volume of $575 million. The red closing bars of Awesome Oscillator depicted the presence of bearish momentum in the coin. However, Chaikin Money Flow spiked above the zero-line indicating a strong recovery attempt by the BSV bulls.
If the bullish pressure manages to claim an upper hand, BSV could climb to its overhead resistance level of $175.
Tron [TRX]:
After a minor surge of 0.88% over the last 24-hours, TRX was priced at $0.0250 as it held a market cap of $1.793 billion and a 24-hour trading volume of $2.10 billion. The token has been following a descending trajectory for the last two weeks despite multiple developments on the Tron ecosystem.
TRX was turned down from its overhead target point of $0.029 as MACD and Klinger Oscillator continued to exhibit increasing bearish pressure in the TRX market. If this downtrend gains momentum, TRX could witness a potential drop to its immediate support point of $0.022.
Monero [XMR]:
Following the market recovery, the privacy-focussed coin, Monero [XMR] was up by 3.98% over the last 24-hours which drove its price to $90.9. It registered a market cap of $1.609 billion and a 24-hour trading volume of $725 million.
The dotted markers of the Parabolic SAR aligned below supported the XMR candles from further decline depicting a bullish phase for the coin. RSI was also above the 50-median line indicating a high buying pressure among the traders of XMR. As bulls continued to maintain an upper hand, this could drive the coin’s price further high and target an immediate resistance level of $97.005 as it found crucial support at $77.82.
