With a jump of 4.58% and a 24-hour trading volume of $100.12 billion, the crypto market has recorded a bullish reversal overnight. Following this Bitcoin price has successfully retested its $71k level with a jump of 4.86% and a trading volume of $47.085 billion.
With this, top BTC-based altcoins have gained significant traction over the past few hours with many projects recording a double-digit surge. Planning on investing but concerned about the market volatility? Read this price analysis article to understand the short-term market trend.
After recording a stable price action for a brief period, the BCH price has regained momentum by soaring ~11% to its portfolio within the past day. Moreover, with the recent pump, the altcoin has retested its 3-month high. This highlights rising bullish sentiment for it in the market.
The technical indicator, RSI, has experienced a bullish convergence in the 1D time frame. Moreover, it is constantly heading toward its overbought range in the price chart. This indicates a bullish outlook for the altcoin this week.
If the bullish sentiment sustains, the Bitcoin Cash price will retest its high of $400 this month. However, an uncertainty could result in it retesting its support trendline of $309 in the coming time.
Wondering when will BCH crypto hit $1,000? Read our Bitcoin Cash Price Prediction from 2024 up to 2030 to clear all your doubts!
With the recent bullish recovery, the Bitcoin SV price has surged 16.62% in the past 24 hours with a trading volume of $93.62 million, a change of +214.03%. With this, the altcoin is now headed toward its important resistance level of $55.50.
The Moving Average Convergence Divergence (MACD) has recorded a rising green histogram with a bullish convergence in its 1D time frame. Moreover, with its SMA experiencing a positive curve, the altcoin may continue gaining value this week.
Suppose, the bulls successfully retest its resistance trendline of $55.50, this could result in the altcoin preparing to retest its upper resistance level of $71 in the coming time. On the negative side, if the bears regain momentum, the BSV price could drop toward its important support of $41.
XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite…
The crypto market has recently experienced a vast downturn, with most important projects such as…
The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…
PEPE hopped its way to a $3.8 billion market cap, but its reign as a…
Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…
The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…
