ADA prints another green candle after its price performance during the previous intraday session. It joins other altcoins in reclaiming key levels following notable losses it suffered.
The broader crypto market sentiment is becoming increasingly optimistic as the global cryptocurrency market cap slightly increases. Several major assets remain stable, with slight increases.
Fundamentals are primarily quiet as the weekend approaches. Nonetheless, BGB continues making waves with its massive surges. It attained a new all-time high on Friday as it broke above $8, peaking at $8.50.
The news of its latest merger with the Bitget Wallet Token sparked the run, which started on Monday. However, the asset hit a brick wall in its upward bids, resulting in a change in trajectory.
Nonetheless, some cryptocurrencies in the top 10, like BNB and SOL, are experiencing notable buying pressure. The SOL/USD pair surged above $194, gaining over 5% in the last 24 hours. A few hours ago, Binance coin reclaimed $720.
A look at the biggest movers over the last 24 hours shows that altcoins are experiencing more trading volume, which is affecting their prices. Let’s see how some assets in the top 20 are performing currently.
ADA/USD
The ADA/USD pair bounced off the $0.85 support on Friday after losing momentum and retracing from a high of $0.91. The pair saw small increases during this session, with the bulls coming out victorious.
They tried continuing the surge but failed due to low trading volume. This is the trend with the weekends, and the asset prints a doji at the time of writing. Nonetheless, the previous day’s low was its pivot point. Crypto assets typically see a level of recovery after testing this mark.
The bollinger band is constricting as volatility reduces. Nonetheless, the lower band halted its downtrend in reaction to the latest price trajectory. The relative strength index slightly halted its two-day downtrend as buying pressure increased.
The momentum indicators show a gradual buildup in momentum, hinting at the uptrend continuing. Cardano may surge until the next critical barrier at $0.95. Failure to flip the mark may result in a dip to its previous support.
TRX/USD
The TRX/USD pair is printing a red candle. Nonetheless, it’s a doji as it sees equal pressure from both market factions. The ongoing price trajectory may be due to a slight drop in activities in its ecosystem.
The total locked value dropped from 29.7 billion TRX to 28.5 billion TRX in 24 hours. There is no report on revenue at the time of writing. It registered revenues exceeding 8 million TRX during the previous intraday session.
Nonetheless, it broke above its seven-day high on Friday, hitting a high of $0266 after opening at $0.253. Although it retraced, it closed with gains exceeding 2%. The current price suggests a small stop to the uptrend. However, the momentum indicator hints at the bull sustaining the buying volume, matching the selling pressure.
The relative strength index currently trends parallels in response to the ongoing trend. Nonetheless, TRX experienced notable resistance at the second pivot resistance. It briefly broke above it on Friday but failed a few hours ago. The growing pressure on the mark may result in a flip in the coming days.
AVAX/USD
AVAX prints its first green candle after a three-day descent. Friday’s action saw the asset peak at $39 but retraced as the bulls failed to sustain the uptrend. It closed at $36 with losses exceeding 2%.
The ongoing uptick erases the previous day’s dip. The AVAX/USD pair reclaimed $37 and trades at $37.4. This happened after it bounced off the $36.4 support for the second time in a row. The momentum indicator hints at the continuation of this trend.
RSI is slightly arched upwards in reaction to the small uptick. The pair will look to retest its pivot point at $38. The fibonacci retracment levels points to possible attempt the $40 mark..
TON/USD
Toncoin prints another doji for the second time this week. It’s been on the uptrend for most of the session. Nonetheless, the bulls are gaining a foothold in the market, as the asset is slightly up, ending its two-day decline.
The TON/USD maintained steady momentum despite the small decline. As the RSI hints at growing bullish actions, its growing momentum may mean further surges.
The pair trades slightly below the bolliinger middle band. It will decisively flip if the Bulls sustain the uptrend. The price mark may be a key support for its attempt at the pivot point at $6.15.
LINK/USD
The LINK/USD pair trades close to its first pivot resistance. Trading at $22, it may reclaim this critical mark, turning into a launchpad for its attempt at the 38% fib level at $23.3. Up by over 2%, the bulls may continue the uptick.
The latest price improvement comes after three days of notable price declines. Friday’s was one of the biggest: The pair retraced from $23.6 to $21.3. It closed the session with losses of almost 5%. Nonetheless, the momentum indicators point to growing bullish sentiment among traders.
The relative strength index is rising as trading conditions improve. However, other indicators, like the moving average convergence divergence, have yet to react to the unfolding trend.
SHIB/USD
Shiba Inu continues its uptrend, printing another green candle. It is up by over 2% as meme coins spark new interest. The bullish trend is also present in bigger memecoins like DOGE and WIF.
Indicators like RSI show a small increase in buying volume. The momentum indicators point to growing bullish sentiment among traders. However, other indicators, like the moving average convergence divergence, are yet to show any reaction to the unfolding trend.
The asset currently trades above its second pivot resistance, showing it trades above a critical level. Its next price target may be the 50% fib level at $0.000023.
