The crypto-verse has been attracting the bulls into its market and ousting the bears. However, Monero, Polkadot, and Cardano were seen in the red zone. Bitcoin has been spearheading the crypto market by hitting $14K while its dominance surged up to 65.3%. The global crypto market cap was also on an uptrend as it was rising by 5.15% over the last day pushing the total market cap to $415.98 billion.
Monero [XMR]
Monero was climbing up the crypto ladder in terms of market cap as it surged past $2 billion. However, the price of the privacy coin was seen depleting down by 4.74% over the last 24-hours. The altcoin was trading at $112.66 and the coin had endured a week-long loss of more than 8%.
XMR was seen swimming in troubled waters as the bears had fully taken over the XMR market. The short term price chart of the privacy coin was screaming bears as the Parabolic SAR indicator formed dotted lines above the candlesticks hindering the possibility of an upward breakout. The Relative Strength Index indicator was seen drowning in strong sellers’ sentiment.
Polkadot [DOT]
DOT retained its position in the top ten as its market cap was a little over $3 billion. The fairly new coin was seen on the greener side with its price at $4.05 with a 2.84% rise over the last 24-hours. DOT had also fallen prey to the bear invasion over the last seven days as the altcoin dipped by 5%.
A bearish notion was overhauling the entire crypto market. The DOT short term price chart accommodated the bears. The MACD line was seen lounging below the signal line following a formation of a bearish crossover. The Klinger Oscillator also acknowledged bears in the DOT market with a formation of a bearish crossover.
Cardano [ADA]
ADA was seen steering away from the bulls as it was getting cozy with the bears. The coin dropped down by 4.96% over the last seven days. However, the coin recorded a dainty dip over the last 24-hours. At the time of writing, ADA was trading at $0.092730.
The Chaikin Money Flow [CMF] indicator was taking the side of the bears as the CMF marker was reposing below zero. The Awesome Oscillator indicator also suggested the presence of bears after the formation of red closing bars.