After recording new highs thanks to the recent bull run, the crypto market was seen recording dainty changes in its price. The market cap of the entire crypto-verse was at $361.96 billion with a 0.48% dip over the last day. Bitcoin seemed to have prolonged its stay at $11,400 as it failed to hit $12k. However, king coin continued to dominate the crypto market by 58.4%.
ADA climbed up the crypto ladder into the ninth position with a market cap of $3.43 billion. After incurring gains of over 18.5% through the last seven days, the altcoin was seen depleting down by 3.28% during the time of writing. ADA was trading at $0.1101, at press time.
ADA was temporarily witnessing a setback as the key indicators on the altcoin’s short term price chart suggested entry of the bulls into the ADA market. The Awesome Oscillator formed green closing bars indicating bullish momentum. The Chaikin Money Flow [CMF] indicator pointed out the presence of bulls as the CMF marker was way above zero.
Bitcoin Cash [BCH]
Roger Ver’s cryptocurrency, BCH was lounging at the fifth position while many of the other altcoins were tumbling down. BCH’s market cap was at $4.69 billion while its price was at $253, during the time of writing. The coin was the only one on the positive side as it was surging by 4.64% over the last 24 hours.
BCH was preparing for a potential downtrend ahead as bears were seen creeping into the market. The Parabolic SAR indicator formed dotted lines above the candlesticks in the one-hour chart of BCH. This formation destroyed the chances of an upward breakout in the BCH market. The Relative Strength Index [RSI] was falling below 50 median insinuating a sellers’ sentiment.
Justin Sun’s coin, TRX had fallen to the sixteenth position as Monero recently, overtook the former. While XMR had gone beyond $2 billion in terms of market cap, TRX was recorded at $1.93 billion. At the time of writing, TRX was trading for $0.0269 and the price of this altcoin had risen over 6% through the last seven days.
Bears were finding their way into the TRX market as the MACD indicator went on to form a bearish crossover. The signal line sluggishly took over the MACD line, earlier today. The Klinger Oscillator also followed suit and formed a bearish crossover.