Today’s market session has kicked off characterized by minor bullish signals, with the global market cap increasing by 0.4% within a day of trading o take the total market cap to $1.14T as of press time. Bitcoin (BTC) now faces resistance at the $28K level after reclaiming the $27K mark as of today’s market session.
Trading at $27.3K, Bitcoin has seen a surge of 1% within a day of trading, as the trading volume also surged with a notable 23% within the same period. Bitcoin’s market cap has also increased by the same within the same period.
Bitcoin’s volatility levels are rather stable with the Bollinger bands maintaining a rather small distance. The relative strength index indicator is moving slightly above its average line, signaling a likely bullish trend on BTC’s network. The MACD indicator is also approaching the average line as it looks to shift to the positive region with bulls looking to drive BTC back above $28K.
Altcoin analysis
Ethereum (ETH), the altcoin king, is facing a rather turbulent session as it now faces resistance at the $1.9K mark. Trading at $1820, Ethereum had lost 0.1% in price valuation within a day of trading as the trading volume rose by 20%, displaying the amount of bear activity going on in Ethereum’s network. ETH’s market cap also dropped by 0.14% within the same period.
Cardano (ADA), Dogecoin (DOGE), and Polkadot (DOT), all registered mild gains of less than 2% within a day of trading according to CoinMarketCap stats, as BNB, TRON (TRX) and Litecoin (LTC), all recorded gains of less than 1%.
Render (RNDR) is however dominating today’s session with gains of close to 20% within a day of trading. Trading at $2.31, RNDR had gained a 17% rise in price valuation as the trading volume also posted a notable gain of 100% within the same period. RNDR’s market cap also rose by 17% within the same period.
On today’s trending list, The Dons (DONS) is today’s most notable gainer as the asset boasts an 18% gain within 24 hours to rank it as the 5th most trending asset on CoinMarketCap. DONS is sitting on a weekly gain of 538% as its 24-hour trading volume dropped by 32%.
Cartesi (CTSI) is also making notable gains today as the asset records a price gain of 19% within a day of trading. The asset is also coming to form a 20% weekly gain as the trading volume surged by an impressive 1123% within the same period.
