During the time of writing, all the crypto coins were seen recovering from yesterday’s set back. Coins like Cardano [ADA] and XRP were seen outperforming several other cryptocurrencies in terms of price change. The global crypto market cap was also seen surging by 2.18% pushing the final digits to $397.42 billion. The dominance of Bitcoin had also increased to 64.2%, at press time.
ADA was one of the best performing coins at the time of writing as it was rising by 5.91% over the last 24-hours. ADA continued to stay in the tenth position with a market cap of $3 billion. The altcoin’s price was noted at $0.094394 and had endured losses up to 6.74% over the last seven days.
Seems like the bulls were going to prolong their stay in the ADA nest. The MACD line took over the signal line yesterday and has continued the journey. With the formation of a bullish crossover, the MACD indicator sided the bulls. The Klinger Oscillator followed the MACD indicator’s trail and also formed a bullish crossover.
Binance Coin [BNB]
Binance Coin [BNB] was probably the only coin in the top ten that was seen in the red zone at press time. Changpeng Zhao’s coin had slumped by 16.14% over the last seven days and prolonged this streak. The coin was trading at $26.46, during the time of writing and its market cap was a little over $4 billion.
The one hour price chart of Binance coin was singing another song as it affirmed the presence of bears. The Awesome Oscillator formed several green bars, however, it closed with a red bar indicating a sign of bears in the BNB market. The Chaikin Money Flow indicator screamed bears as the marker was below zero.
XRP was seen benefitting from the trend reversal as it was surging by over 3% in the last 24-hours. The coin had fallen by more than 5.86% over the last seven days, however, it made sure to retain its price at $0.237163, at the time of writing. The coin continued to reign as the fourth largest coin with a market cap of $11 billion.
XRP’s hot streak was coming to an end as the bears had begun evading the market. The Parabolic SAR indicator cut out the chances of an uptrend with the formation of dotted lines above the candlesticks. The Relative Strength Index indicator pointed at a neutral notion as it was close to 50 median.