The collective cryptocurrency market cap rose to $348 billion as Bitcoin‘s dominance declined by 55.8%. As Bitcoin continued to consolidate between a tighter range, several altcoins appeared to be pushing above key resistance levels.
Polkadot [DOT]
A couple of weeks ago, the blockchain interoperability project Polkadot was not even in the top 100. But today, it stands tall as the fifth largest coin with a market capitalization of $991.53 million and a 24-hour trading volume of $852 million. After yet another surge of 17.29% over the past day, the coin was priced at $5.31, at the time of writing.
On the technical side, DOT hit crucial support of $4.01. However, the coin’s tryst with the bears was brief as it renounced following gaining necessary bullish momentum. As evidenced by both MACD and Klinger Oscillator on the 4-hour price chart for DOT, the token was exciting a positive trend that could propel it to reach an overhead resistance of $5.82.
Chainlink [LINK]
LINK was up by 4.56% which pushed the price to $12.90 as it held a market cap of and a 24-hour trading volume of $4,51 billion and a 24-hour trading volume of $5.80 billion, at the time of writing.
In the short-term chart for LINK, bulls appeared to be making a comeback following the latest uptick. Awesome Oscillator witnessed a resuming bullish momentum with the green closing bars. However, Chaikin Money Flow was still below the zero-line depicting the bearish presence. If the token manages to retain the necessary momentum, it could target its immediate resistance at $13.5. But if the bulls continue to have an upper hand, LINK could slide to the support level of $10.33.
Binance Coin [BNB]pP
BNB has made a consistent upward trend but turned down from the resistance of $31.38. At the time of writing, the coin registered a market cap of $4.49 billion and a 24-hour trading volume of $1.169 billion.
The dotted markers of Parabolic SAR aligned below the BNB price candles resisting a downward price action. The RSI was also well above the 50-median neutral line depicting a sentiment of high buying pressure among the traders in the coin market. If this trend persists, the coin could climb to immediate resistance of $34.98, a level unseen since July 2019. The coin’s support level was found to be at $23.11.