The bulls had once again made an entry into the crypto market as it turned green at press time. The market cap was back in the $400 billion zone with a 3.76% rise after its latest slump. Bitcoin was seen heading towards $14K with a 4.59% surge in the last 24-hours. The king coin asserted its dominance over the market by 63.7%.
Even though DOT has been slumping with respect to its market cap, the coin continued rising in terms of price change. During the time of writing, the altcoin was trading at $4.21 with a 4.50% increase in its price over the last 24-hours. DOT stood as the eighth largest coin with a market cap of $3.58 billion.
The bulls were bound to stay in the DOT market as key indicators used in the coin’s one hour price chart welcomed the bulls. The Parabolic SAR indicator hindered any possibility of a downward breakout as the dotted lines stood as a shield below the candlesticks. The Awesome Oscillator indicator formed green closing bars acknowledging the presence of bulls.
The privacy coin XMR was seen returning to its habitat. The fourteenth largest coin was trading for $122.86 with a 2.30% rise in its price over the last 24-hours. The coin’s market cap was noted at $2.17 billion during the time of writing.
The bulls were raging in the XMR market as well. The Chaikin Money Flow [CMF] indicator proposed a bullish sentiment as the CMF marker was above zero. The Relative Strength Index [RSI] indicator exhibited a neutral notion as the RSI marker was exactly at 50 median, at press time.
TRX was sending the bears out of its market as the altcoin was rising by 2.15%, at press time. The price of Justin Sun’s crypto asset was $0.0259 after witnessing a 2.56% dip over the last seven days. Additionally, the coin’s market cap was recorded at $1.86 billion, during the time of writing.
Justin Sun’s crypto asset was destined to accommodate the bulls. The MACD line took over the signal line earlier today and formed a bullish crossover. The Klinger Oscillator affirmed the presence of bulls as it developed a bullish crossover on its short term price chart.