The collective crypto market dipped by 1.04% over the past 24-hours as Bitcoin along with altcoins witnessed minor downside correction. This was, however, followed by a quick rebound close to previous levels.
Bitcoin[ BTC] was trading at after a minor decline of 1.15% over the last 24-hours as it held a market cap of $198 billion and a 24-hour trading volume of $58.53 billion. Despite the minor pullback, the green closing bars of Awesome Oscillator depicted a bullish momentum in the coin’s price. Further reinstating the positive sentiment was Chailink Money Flow which was a well above the zero-line suggesting inflow of capital into the coin market.
The bulls have so far managed to firmly hold the support level of $10,130 and if this persists, the coin could progress towards the target level of $11,057.
The XRP bulls appeared to be heading for the revival of a much-needed uptrend. The coin soared to $0.243 after breaching an overhead resistance following a minor rise surge of 0.08% over the last day. At the time of writing, it registered a market cap of $10.98 billion and a 24-hour trading volume of $1.66 billion.
The indicators were also suggestive of the latest push as both MACD and Klinger Oscillator underwent bullish crossover following the price action. If XRP breaches the target point at $0.252, it could climb to another resistance at $0.292, a level that was last seen in the first week of this month as it found crucial support at point $0.22
Bitcoin Cash [BCH]:
Bitcoin Cash [BCH] was trading at $227 after a 0.92% decrease over the last 24-hours. The coin recorded a market cap of $4.21 billion and a 24-hour trading volume of $1.74 billion.
The dotted markers of Bitcoin Cash aligned below the BCH candles supported the price from a further decline. RSI also rose above the 50-median line depicting a renewed sentiment of increasing buying pressure in the BCH market.
If the bullish momentum continues, BCH could target its immediate resistance point at $268-level. It support level stood at $210.