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%.
Cardano [ADA]
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.
Tron [TRX]
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 [XTZ]
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.