- Bulls need to break the current resistance if bullishness is to endure
- WAIT and BONE top coinmarketcap list of top gainers
- Will bullish hegemony progress, or will it fade out?
Despite its coinmarketcap ranking of #496, the Hourglass (WAIT) market has topped the list of top gainers in the previous 24 hours. During the upswing, bullish market dominance allowed prices to fluctuate between $0.2667 and $0.3319. The bullish trend remained in place at press time, with WAIT trading at $0.3002, a 13.13% increase.
Market capitalization increased by 13.27% to $29,446,692, but 24-hour trading volume decreased by 43.84% to $220,411. This move suggests that WAIT is in high demand, and investors are prepared to pay a premium. The fall in trade volume, on the other hand, signals that the market is experiencing a brief slowdown in activity.
The Bone Shiba Swap (BONE) market has also entered the top gainers after positive momentum persisted in the previous 24 hours. During this bull run, the BONE price reached an intra-day high of $1.76 after falling to an intra-day low of $1.49. The bulls still got the best hand at this writing, with BONE trading at $1.62, a 9.30% gain.
The market capitalization increased by 8.94% to $372,062,013. However, the 24-hour trading volume decreased by 31.03% to $14,392,003, indicating that there is still a solid optimistic attitude for BONE, and investors are hanging onto their holdings despite the reduction in trading activity.
After starting the day under bears’ thump, Kava (KAVA) bulls have taken control of the market in the previous 24 hours. This adjustment pushed the KAVA price to an intra-day high of $0.9858 from an intra-day low of $0.8583. The present positive trend in the KAVA market may continue if purchasing pressure remains, perhaps resulting in a breach over the $1.00 barrier level.
The bulls were still in control at press time, with KAVA trading at $0.8897, a 1.76% increase.
During the upturn, the market capitalization and 24-hour trading volume increased by 1.87% and 46.10%, respectively, to $389,085,710 and $80,415,334, indicating a significant optimistic mood among investors toward KAVA.
Stacks (STX) bulls have enjoyed a long run, taking the price as high as $0.6261 after dipping to an intra-day low of $0.5344. As of press time, STX was valued at $0.5847, representing a 9.34% increase.
During the bull run, market capitalization and 24-hour trading volume increased by 9.30% and 11.89%, respectively, to $798,242,195 and $228,638,322 during the bull run. This surge suggests a significant demand for STX among investors and traders, which might be related to favorable market mood and the project’s future development possibilities.
The last 24 hours in the Quant (QNT) market have been bullish, with bull’s power successfully varying the price between support and resistance levels of $109.95 and $123.37. As of press time, the bullish dominance had shot up QNT price to $117.74, a 7.79% surge.
Both market cap and 24-hour trading volume followed suit as they surged by 7.81% and 39.72% to $1,419,971,429 and $47,728,318, reflecting the growing interest and demand for QNT in the market.
Bullishness in Solana (SOL) has been consistent over the previous 24 hours, with bulls successfully moving the price from an intraday low of $16.93 to an intraday high of $18.85. At press time, the positive influence was still present in the SOL market, driving the price to rise by 6.30% to $17.53.
Traders joined the rally, increasing market capitalization by 4.81% to $6,710,734,823. In comparison, 24-hour trading volume fell by 1.79% to $951,470,792, indicating that investors are still optimistic about SOL’s future performance and are willing to buy at higher prices, potentially leading to further price increases soon.
Bulls in the Hedera (HBAR) market have dominated in the previous 24 hours, raising the price from a low of $0.05612 to an intraday high of $0.06144. As of this writing, the bullish trend has continued, and the HBAR price was at $0.05913, up 5.53%.
The market capitalization increased by 5.50% to $1,660,430,934 during the upswing, but the 24-hour trading volume decreased by 20.30% to $50,500,167. This movement shows that investors are confident in the market, although trading activity may reduce due to a probable consolidation period.
In the previous 24 hours, positive enthusiasm prevailed in the Polygon (MATIC) market, propelling the price to a high of $1.09 from an intraday low of $0.9886. Bullish market controlling remained until press time, with MATIC valued at $1.03, a 4.44% increase.
During this upswing, market capitalization and 24-hour trading volume increased by 4.45% and 10.02%, reaching $8,944,748,569 and $945,024,670, respectively. This growth in market capitalization and trading volume suggests that investors are becoming more interested in MATIC, which might lead to additional price increases in the future.
Bulls have controlled the Cronos (CRO) market, effectively varying the price between $0.06102 and $0.06486. As of press time, CRO was valued at $0.06318, representing a 3.28% increase.
This increase in value may be attributable to rising cryptocurrency demand and the growing popularity of CRO among investors. The market cap increased to $1,600,618,288, and the 24-hour trading volume increased to $22,791,452 by respective percentages of 4.13 and 15.03, supporting this view.
Last but not least, the Trust Wallet Token (TWT) market has entered the top gainers, with bulls able to fluctuate its price between an intraday high and low of $1.17 and $1.06, respectively. The bullish hand was still pushing the TWT price up by 8.02% to $1.14 as of press time.
The increase in market capitalization and 24-hour trading volume of 7.94% and 2.40%, respectively, to $474,496,757 and $43,940,875 reflects a high demand for TWT in the market, implies that investors are bullish on the cryptocurrency’s future.
The bulls’ hold on the market can only be maintained if prices break above the present resistance level.
Disclaimer: In good faith, we disclose our thoughts and opinions in our price analysis and all the facts we give. Each reader is responsible for his or her investigation. Reader discretion is advised before taking any action.