The crypto-verse was exhibiting mixed sentiments as some coins were seen witnessing an uptrend while a few others were lounging in the red zone. The overall market cap witnessed a dainty increase following the recent setback. During the time of writing, the global market cap was at $336.53 while Bitcoin’s dominance stood untethered at 57.9%.
The Cardano network garnered attention after its transition into the Shelley era. However, the market cap of the coin seemed to have taken a hit as it kept slumping below the top ten. At the time of writing, ADA was trading for $0.0932 with a 1.97% drop in its price over the last 24-hours. The market cap of the coin wasn’t very far away from Bitcoin SV as it was $2.9 billion.
Despite its momentary stay in the red zone, ADA seems to be soon traversing into the bullish realm. The MACD line was seen reposing above the signal line further indicating a bullish crossover. The MACD indicator underwent this crossover earlier yesterday and has welcomed the bulls into the ADA market. The Klinger Oscillator had also prolonged its bullish crossover.
While most of the cryptocurrencies were seen swimming in the red sea, TRX was garnering massive gains. During press time, the altcoin was surging by over 6.6% pushing its price to $0.0264. TRX stood as the fifteenth largest cryptocurrency with a market cap of $1.9 billion.
Bulls were seen cozying up in the TRX market. The Parabolic SAR indicator formed dotted lines below the candlesticks summoning the bulls. This formation eliminated the chances of a downward breakout. The Relative Strength Index [RSI] displayed strong buyers’ sentiment as the RSI marker was in the overbought zone.
Tezos seems to be enduring a rough week as its price slipped down by 7.27% over the last seven days. During the time of writing, the coin was at $2.08 with a 1.44% daily drop. The prolongation of the downhill journey that XTZ could push its price below $2.
The XTZ market was undergoing mixed sentiments as the Chaikin Money Flow [CMF] was residing in the bullish region while the Awesome Oscillator was seen heading elsewhere. The CMF marker was way above zero and revealed a bullish predilection in the XTZ market. The Awesome Oscillator had been forming green closing bars, however, during press time a tiny red bar was formed hinting the possibility of bears in the XTZ market.