The global crypto market witnessed a minor increase of 0.02% over the last day which catapulted the market cap to $358.88 billion. With this, Bitcoin’s dominance in the market rose to 59.11. Following a minor increase in the coin’s price, the rest of the cryptocurrencies also posted small positive changes in terms of their price.
Ethereum [ETH] was up by 0.54% over the past 24-hours which drove the coin’s price to $375.5 as it held a market cap of $42.4 billion and a 24-hour trading volume of $11.57 billion. The largest altcoin was trading close to its vital resistance level of $375.4 and despite the recent breach, the bulls are yet to gain an upper hand in the coin’s price.
The green closing bars of Awesome Oscillator depicted a bullish momentum. However, Chaikin Money Flow was below the zero-line depicting the outflow of capital from the coin market. If the bulls fail to take over this level, ETH could fall to its nearest support of $337. The immediate resistance for ETH stood at $389.
Over the past day, Chainlink’s [LINK] dropped by 1.05% driving is value to $10.72. At the time of writing, LINK registered a market cap of $4.16 billion and a 24-hour trading volume of $781 million.
LINK’s attempt to breach the resistance level of $10.81 failed following the latest pullback. However, its technical indicators were optimistic. Klinger Oscillator as well as MACD indicated a bullish phase for the coin. If this persists, LINK could further target the recently hit local high of $11.5
Cardano’s value rose to $0.106 after a minor surge of 0.51% over the past 24-hours as it recorded a market cap of $3.32 billion and a 24-hour trading volume of $420 million.
ADA headed for yet another upward swing. The dotted markers of Parabolic SAR appeared to support the coin from a downtrend. The RSI was also above 50, depicting a fairly optimistic sentiment of buying pressure among the investors of the coin market.
ADA’s overhead resistance stood at $0.113, a level that was breached a week ago, while it support stood firm at $0.102.