In a yet another crucial push, the global market cap was up by 2.44% and currently stood at $365.74 billion. As several coins climbed above to breach overhead resistances, Bitcoin’s dominance in the market also noted a minor uptick of 0.13% over the last day.
Bitcoin broke a key level of $11,525, which has acted as resistance for more than a month, after a surge of 1.87% over the last 24-hours. The coin was found to be hovering close to this level and was being traded at $11,536 as it held a market cap of $213.6 billion and a 24-hour trading volume of $28.708 billion.
The green closing bars of Awesome Oscillator depicted a bullish phase for the coin. Chaikin Money Flow was well above the zero-line depicting an increasing inflow of money into the coin market. If the bullishness persists, BTC could further target another crucial resistance level of $12,378 while it was firmly supported at $10,275.
XRP was yet another altcoin that breached the psychological level of $0.253 to surge to levels not seen since the first week of September. At the time of writing, XRP was priced at $0.258 after surging by 2.58% over the last day as it registered a market cap of $11.6 billion and a 24-hour trading volume of $2.21 billion.
The increasing bullishness in the XRP chart was evidenced by the bullish crossover in Klinger Oscillator as well as MACD which closely mimicked the upward price action of XRP. The immediate resistance that needs to be tested in case the bulls gain traction is $0.295 while its support level stood at $0.222
After a downtrend of nearly two weeks, Tron [TRX] has appeared to have resumed a much needed upward price movement. After a rise of 4% over the last 24-hours, TRX was priced at $0.0271 while recording a market cap of $1.94 billion and a 24-hour trading volume of $1.425 billion.
The dotted markers of Parabolic SAR sided with the bulls as it resisted the TRX price candles from another downward breach in the coming days. RSI also rose above the 50-median line which depicted a sentiment of increasing buying pressure among the traders of the coin market.
If the bulls gains upper hand, TRX could target its immediate resistance at $0.0305 with its support of $0.0248