Markets Recover as Sui Records Massive Gains

Markets are still doing rather well as the global market cap records a 2.6% gain within 24 hours of trading to take the total cap to $1.07T. Bitcoin (BTC) is on for a good session as the asset now sits on a 1.8% gain within 24 hours of trading to take the asset’s price to $26.4K.

BTC’s volatility levels are gradually decreasing as the Bollinger bands now converge towards each other slightly indicating reduced volatility. The relative strength indicator is also moving high above the average line as bulls now push for the overbought region. The MACD indicator has also shifted to the positive side as bulls now push for market dominance.

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Altcoin analysis

Ethereum is also maintaining a bullish trend as the asset now sits on a 1.7% gain within 24 hours of trading to take the asset’s price to $1728. Ethereum’s trading volume has however dropped by 8.8% as activity on the network decreases.

Markets Recover as Sui Records Massive Gains 3 — ETH 1-day chart | Source: CMC

BNB, currently the tired most trending asset, has now recovered to boast a 1.7% gain within the same period as the asset’s weekly gain now stands at 2.15% as BNB now trades at $244. Ripple has also gone up 3% within the same period to take its price to $0.4816. Cardano (ADA) has however also seen a 2% gain within the same period as Solana (SOL), which now sits on a 3.5% gain within the same period.

Uniswap (UNI), currently on second most trending on CoinMarketcap, has seen a 1.33% increase as the asset now trades at $4.55. Uniswap has a current market cap of 2.63B as the trading volume now sits at 47.09M.

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Polygon is also making tremendous gains as it now sits at a 5% gain within the same period to take its price to $0.61 as the weekly gain now stands at 4%. Litecoin (LTC), has also seen a 1.5% gain as the asset now stands at $77. Polkadot (DOT), has also seen a 3% increase as the asset now trades at $4.55 as the weekly gain also stands at 1%.

Sui has also seen a 16% gain, standing among today’s top gainers, as the asset now trades at 0.76$ ahead of a 20% weekly gain. Pepe has also stood strong as the asset now sits on a 6% gain within 24 hours of trading.