The bull stayed longer than the crypto market expected. However, Dogecoin [DOGE], Binance Coin [BNB], and Cardano [ADA] garnered limited gains. On one hand, BNB was the only asset painted in red while all the others embraced the green. Dogecoin, on the other hand, noted dainty gains.
Dogecoin’s emergence from being a mere meme coin undoubtedly put the altcoin under the crypto spotlight. Despite its fame, the asset’s price was at a low of $0.19 during the time of writing. The altcoin experienced profits of just 0.45% over the last 24-hours. The last couple of days were good for the asset as it bagged gains of about 5%.
The market cap of Dogecoin was at $25.10 billion, which allowed the asset a place in the top ten.
Dogecoin [DOGE] one-hour price chart
All the indicators used in the short-term price chart of DOGE were inclined towards the bear. Chaikin Money Flow [CMF] indicator was below the zero median, which suggested a bearish momentum. The Awesome Oscillator indicator followed suit as it laid out tiny red closing bars, further announcing the bear’s presence.
The Relative Strength Index indicator revealed that the DOGE market was traversing from a sellers’ market to a buyers’ market.
Binance Coin [BNB]
Binance Coin [BNB] made the maximum benefits during the recent bull run. The altcoin recorded new highs almost every other day. However, the current bearish invasion destroyed the altcoin. At the time of writing, BNB was trading for $289, with a 1.98% drop over the last 24-hours. This was surprising as all the other assets in the market were seen harboring the bull.
The market cap of BNB was at $48.78 billion. With this, BNB managed to reside as the fourth-largest cryptocurrency.
Binance Coin [BNB] one-hour price chart
The one-hour price chart of BNB noted strong bearish sentiment. The Bollinger Bands indicator was converging at the moment; however, it looked like they were headed towards divergence. The MACD line remained below the signal forming a bearish crossover. Despite this sentiment, the Money Flow Index indicator affirmed a buyers’ notion.