The crypto-verse prolonged its stay in the green zone as almost every currency was seen witnessing a surge. The market cap of the entire crypto market followed suit as it was increasing by 2.24% pushing it to $342.43 billion. Bitcoin’s dominance had a dainty drop and was at 58%.
XRP continued to retain its place as the fourth largest cryptocurrency with a market cap of $10.87 billion. The altcoin was one of the top-performing coins with a 4.49% daily increase. The coin was trading at $0.2409 with a daily volume of $1.88 billion, during the time of writing.
Despite its positive price change, the strong bearish sentiment was observed in the XRP market. The MACD indicator recently underwent a bearish crossover with the MACD line lounging below the signal line. The Klinger Oscillator also followed the trail of the MACD indicator as it exhibited a bearish crossover.
Even though ADA has fallen down the market cap ladder, the altcoin had witnessed a significant surge. Currently, ADA stands as the eleventh largest cryptocurrency with a market cap of $2.97 billion. A whopping 10.14% rise was observed in the ADA market and the price stood at $0.0953, at press time.
Bears were hindering the growth of the price of ADA. The Parabolic SAR indicator laid dotted lines above the candlesticks. This further prevented the chances of an upward breakout. The Awesome Oscillator composed closing red bars, which also emphasized the presence of bears on the ADA market.
Justin Sun’s TRX had slumped down to the fifteenth position with a market cap of $2 billion. An 8.46% increase was observed in the TRX market. The altcoin was trading at $0.0279, during the time of writing.
The rise in the buyer’s sentiment in the TRX market had caused a massive surge in its price. The Relative Strength Index [RSI] was depicting a buyer’s emotion as the RSI marker was over 50 median. The Chaikin Money Flow [CMF] was above zero hinting a bullish market.