Crypto Market Today: Markets Stuck Within a Range; Is There a Scope for an Upward Trajectory?

The markets had risen slightly above the bearish influence over the past few days, but the recent price action appears to have nullified the bullish impact. The global market capitalization dropped back to $1.17 trillion, recording a plunge of 0.56%, while the volume depleted by 26.91%, marking $25.72 billion. The tokens are approaching the levels at which they triggered a healthy upswing. While Bitcoin’s dominance drops by 0.08%, making 48.74%.

Crypto Market at a Glance

Crypto Price* 24 hr Change* Sentiment Prediction at Daily Close
Bitcoin $29,377.55 -0.79% Neutral $29,234.75
Ethereum $1,847.97 -0.41% Bearish $1,855.45
BinanceCoin $241.77 -0.99% Bearish $242.89
XRP $0.6344 -1.08% Neutral $0.635
Dogecoin $0.07577 -0.30% Neutral $0.0759
Cardano $0.2963 -1.39% Bearish $0.297
Solana $24.66 1.75% Bullish $25.3
Tron $0.07735 0.72% Neutral $0.0774
Polygon $0.6838 -1.0% Bearish $0.6825
Litecoin $83.05 -1.39% Bearish $82.5

at the press time

Today’s Gainers & Losers

Gainers 24 hr Change Losers 24 hr Change
XDC Network (XDC) 6.61% GMX(GMX) -7.06%
Flare (FLR)  4.67% Arweave (AR) -6.43%
Shiba Inu (SHIB) 2.82% Aptos (APT) -6.02%
Thorchain (RUNE) 2.78% Conflux (CFX) -3.59%
Maker (MKR) 2.23% Bitcoin Cash (BCH) -3.55%

Pepe (PEPE) 

Trading View
  • Ever since the PEPE price faced rejection from the interim highs at $0.0000018, it has been trading within a descending trend
  • The recent price action lifted the price above the bearish trend, indicating the larger possibility of a breakout
  • As the bullish volume has mounted, the PEPE price may continue to rise and initially reach the 50-day MA, which may pave the way to rise beyond the crucial resistance at $0.00000180

Shiba Inu (SHIB) 

Trading View
  • Shiba Inu price is appearing to be extremely strong at the moment as the prices have risen above the consolidation
  • The price has completed a retest and hence is believed to rise in the coming days, including some bearish action
  • The RSI is displaying the possibility of a bearish divergence if validated; a short-term squeeze could be possible, or else a march towards higher resistance at $0.0000119 is imminent.

XRP (XRP) 

Trading View
  • XRP price has been trading within a descending parallel channel ever since the price faced rejection from the interim highs at $0.8
  • The RSI has displayed an inclination towards the south, which suggests the price may undergo a minor pullback
  • Therefore, an interim pullback towards the average levels of the channel could be imminent in the next couple of days, following which a decent rebound may be expected

Worldcoin (WLD) 

Trading View
  • The Worldcoin price dropped below crucial support in the past few days as the selling volume has aggregated
  • The RSI has dropped heavily below the lower support and continues to hover within these levels, suggesting the price will maintain a sideways trend for a while
  • However, as the RSI surges, a notable upswing could be imminent, that may lift the price notably high

Aptos (APT) 

Trading View
  • The Aptos price is trading within a symmetrical triangle, which is largely considered decisive as the breakout is dependent on the volume induced
  • Although the bears have conquered the rally, the bulls continue to remain in a stronger position. Besides, RSI is trying for a bullish reversal that substantiates the bullish claim
  • Therefore, the price may continue to trade within the triangle until it reaches the apex, beyond which a bullish breakout is imminent. 

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