IMX/USDT
According to the trading view, the ImmutableX (IMX) market has been under bullish control for the previous seven days and has managed to lead the gainers’ list. The price of IMX was $0.67 at the start of the week; over the week, the bulls managed to lift the IMX price to a 90-day high of $1.01. This move demonstrates the bulls’ determination to drive IMX prices to new highs in the short term.
However, as of press time, IMX bears had hopped on board and lowered the price to $0.8774, a 7.15% drop. This fall reduced its market capitalization and 24-hour trading volume by 7.14% and 49.03%, respectively, to $697,086,197 and $37,768,100. This retreat may be a temporary setback, and the bears may not maintain dominance in the long run.
OP/USDT
The Optimism (OP) market has been soaring recently, ranking second among gainers as its price hit a new 90-day high inside the week. The cost of OP has swung between $2.07 and $3.21 on the back of this bullish trend, which is indicative of the optimistic outlook. However, as of this writing, the OP price had dropped 6.37 % to $2.89, signaling a gradual waning of the earlier encouraging enthusiasm.
The market cap dropped 6.59 % to $677.348.275, while 24-hour trading volume dropped 32.31 % to $303.807.176 as investors fretted about future price declines. For the Optimism market, the recent uptick in pessimism signals a cooling down phase as investors cash in on their profits.
RNDR/USDT
Bullishness in the Render Token (RNDR) market has persisted after finding support at the 7-day intra-low of $1.16, having hit a 30-day high of $1.83 in the past week. This positive sentiment prevailed until press time, with the price rising by 2.02% to $1.74.
The RNDR market capitalization and 24-hour trading volume increased by 1.94% to $440,938,604 and 34.02% to $230,342,017 due to the rising confidence and trader inflow. This increase in market capitalization and 24-hour trading volume may be attributable to increased institutional investor interest, driven by the token’s expanding mainstream use.
DYDX/USDT
The bulls’ hold on the dydx (DYDX) market has been precise, reaching a 90-day high of $3.65 in the previous week. This increase in the DYDX market has been attributed to the high demand for bitcoin derivatives, prompting investors to believe that the sector may see even more development soon. As of press time, the bullish dominance had lifted the DYDX price to $2.89, or an 8.69% increase.
However, the positive impetus was fading as of press time, with the market capitalization falling 8.84% to $450,329,629. However, investors are confident that the rise in demand will continue shortly and are attempting to profit on this fresh opportunity, as the 24-hour trading volume increased by 17.11% to $185,068,413.
FTM/USDT
Fantom (FTM) has been under the influence of bulls for the last week, which has resulted in prices reaching a new 90-day high of $0.6533. As of press time, FTM was trading at $0.5642, a decrease of 11.19% in the previous 24 hours and 2.93% from the time we last reported on it.
As a result of the current downturn, the market’s total value has decreased by 10.54 percent, reaching a new low of $1,563,701,115, while the volume of trading has reduced by 12.11 percent, getting a new low of $328,327,504. The current market price, which is the lowest, is now at $0.5579 (support), while the maximum price is at $0.6307 (resistance).
SHIB/USDT
According to TradingView, the Shiba Inu (SHIB) market has been bullish for the last seven days. Bulls have set 7-day intra-lows of $0.00001134 and highs of $0.00001562, which shows that the bullish attitude has been successful.
Nevertheless, at the time of publication, SHIB was trading at $0.00001454, which indicated a fall in the price of 4.08% for the previous twenty-four hours. Bears in SHIB have set a support level at $0.00001427, while bulls have formed a resistance level at $0.00001527.
LRC/USDT
After an earlier back-and-forth between bulls and bears at the start of the week, the bulls eventually prevailed and grabbed market control. They successfully drove the price up to $0.4427, which is the high point for the last seven trading days.
LRC is currently exchanging hands at $0.3671, with $0.3638 serving as a support price and $0.4108 as a resistance price. Additionally, the trading volume has increased by 43.61% to a total of $74,821,158, but the market capitalization has decreased by 8.88% and is presently resting at $488,131,963 at this time.
MINA
The Mina (MINA) market has shown bullish sentiment during the last week, with prices moving between the support and resistance levels of $0.7348 and $0.9441 (the 90-day new high), respectively. After falling to an all-time low of $0.4214 during January, bullish dominance in the market restored the value of MINA.
At the time of publication, the price of MINA had dropped by 6.56%, reaching $0.7761, while its current trading volume had climbed by 18.16%, reaching $72,436.93. This occurred even though the market was at $646,880,256, indicating a price fall of 5.85%.
MAGIC
The bulls on the MAGIC market have been able to exert their dominance over the previous week, driving prices up to $2.0787. In addition, the bulls have successfully set a new weekly high of $2.09 and now have a market share of 0.04%.
The price of MAGIC has recently been lingering around $1.74, which represents a support level; nevertheless, the cost of MAGIC has encountered resistance around $2.03, which means the resistance level. The price of MAGIC has increased by 7.48% in the last twenty-four hours, making the current price reflect this movement.
GMX/USDT
GMX comes in at number ten on the list of the top ten gainers this week. The price of GMX bullish contracts has reached a new 90-day high of $76.96. The total trading volume for the day was 67,243,627, which is 10.19% lower than the previous day’s volume. The market cap for the day was $551,617,320.
For the market to stay bullish for a long time, prices must break out above recent resistance.
Disclaimer: In good faith, we disclose our thoughts and opinions in our price analysis, as well as all the facts we give. Each reader is responsible for his or her own investigation. Reader discretion is advised before taking any action.
