The bulls and the bears were tussling in the crypto-verse. While coins like Ethereum and Bitcoin were seen siding the bulls, almost every other coins were getting cozy with the bears, Bitcoin created quite a stir after it touched $16K for a brief period. The global market cap, at the time of writing, was $455.18 billion with a 1.56% daily increase.
The second-largest cryptocurrency ETH was seen contributing to the uptrend that the crypto market was trying to get on. ETH had traveled beyond $400 many times this year and has once again gone that road. During press time, ETH was trading for $461.43 with a 1.19% increase since the last 24-hours. Over the last week, the coin managed to secure gains up to 15.67%.
A sense of contradicting heeds was observed in the ETH market. The Chaikin Money Flow [CMF] indicator was seen in the bullish area. However, the marker seemed to be heading down towards the bearish realm. The Awesome Oscillator had already switched sides by forming red closing bars.
LINK had pushed BCH down and took over its position as the fifth-largest cryptocurrency. LINK’s market cap was noted at $4.994 billion at the time of writing while its price stood at $12.76. The coin had witnessed immense gains over the past few weeks, it was one of the top gaining coins as it incurred gains upto 24.13% in the last seven days. However, during press time, the coin was slumping by 1.58%.
LINK’s one hour price chart revealed that the coin was headed towards a trend reversal. The Parabolic affirmed the presence of bulls by laying out dotted lines below the candlesticks barricading the possibility of a downward breakout. The Klinger Oscillator also affirmed the same by forming a bullish crossover.
DOT was seen aiding the bears by dropping down. The altcoin was trading for $4.41 at the time of writing. The fairly new coin secured a position in the top ten with a market cap of $3.865 billion. The DOT market also garnered gains of over 8.22% over the last seven days.
The bears had taken over the DOT market. In the short-term price chart of the coin, the MACD indicator formed a bearish crossover with the signal line above the MACD line. The Relative Strength Index also revealed a sellers’ sentiment as the marker was below 50 median.