The crypto market was seen crashing again. The market has been immensely volatile lately with its price changes. With Bitcoin trying to push past $14K its dominance rose up to 63.9%. The entire global crypto market cap was at $392.15 billion with a 0.02% daily drop.
Litecoin was climbing up the crypto ladder as it landed the eighth position with a market cap of $3 billion. The coin was succumbing to the ongoing bear market as it was depleting by 2.35% over the last 24-hours. At the time of writing, LTC was priced at $52.70 and had slumped by 7.88% over the last seven days.
An imminent reversal of trend was in the making as the bulls were seen slowly trying to enter the market. The Awesome Oscillator indicator formed green closing bars and affirmed the occupation of bulls. The Chaikin Money Flow [CMF] indicator also yelled bulls as the CMF marker was in the bullish region.
The second-largest coin of the crypto-verse, ETH was once again under $400 thanks to the bear invasion in the crypto market. The coin was trading at $380.48 with a 1.30% drop in its price over the last 24-hours. ETH’s market cap was at $43 billion.
Bulls were seen ousting the bears from the ETH market. The one hour price chart for ETH revealed that ETH had a possibility to once again rise above $400. Earlier today, the MACD line took over the signal line forming a bullish crossover. The Klinger Oscillator also affirmed the presence of bulls with a bullish formation.
XRP seemed to be moving unfettered by the bears in the market as the altcoin was following Bitcoin’s footsteps. XRP was priced at $0.236996, at the time of writing and was recording a dainty surge of 0.19%. The fourth-largest crypto coin had endured losses up to 5% over the last seven days.
The indicators used in the short term price chart of XRP also affirmed the presence of bulls in its market. The Parabolic SAR indicator restricted any chances of a downward breakout by forming dotted lines below the candlesticks. the Relative Strength Index indicator was seen coming back from the overbought zone. However, the marker still remained on the buyers’ side.