Bitcoin’s price recently bounced off the crucial $9,500-support which drove the collective cryptocurrency market to a mild upswing. The market cap for the coin rose to $269.5 billion while Bitcoin’s dominance at 65.2%. Following this, many altcoins were observed to be showing significant strength.
Source: ETH/USD on TradingView
At press time, the second-largest cryptocurrency was being traded at $237.8 after a minor surge of 0.19% over the last 24-hours. ETH recorded a market cap of $26.44 billion and a 24-hour trading volume of $13.6 billion.
Parabolic SAR: The dotted markers were below the price candles which depicted a bullish trend for the coin.
Awesome Oscillator: The AO also aligned with the bulls depicting the inflow of capital in the coin market.
Source: DASH/USD on TradingView
DASH has been attracting big names in the esports industry. On the price side, the token registered a market cap of $734.4 million and a 24-hour trading volume of $633.5 million at the time of writing. After a minor decline of 0.57%, the coin’s value stood at $77.1.
MACD: The MACD line was above the signal line depicting a bullish trend in the near-term.
Chaikin Money Flow: The CMF was in bullish territory.
Source: DOGE/USD on TradingView
Dogecoin, the most popular meme digital currency, has no developments at present and despite this, it has won hearts [even Elon Musk’s] primarily because it features Shiba Inu dog as its logo. At press time, DOGE was being traded at $0.0025 after a surge of 0.38%. The token’s market cap stood at $323.3 million while its 24-hour trading volume was observed to be at $196 million.
Klinger Oscillator: The KO was hovering above the signal line which was indicative of a bullish trend.
RSI: The RSI was above the 50-median line which suggested a sentiment of buying pressure among the investors in the coin market.
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