SNEAK PEAK
- Bullish domination propels Ethereum Classic to a 30-day high.
- Bulls must apply pressure in the short future to reach new highs.
- A prolonged positive trend requires bulls to break above resistance levels.
Among the leading gainers over the last 24 hours are EthereumPoW (ETHW), Huobi Token (HT), Fantom (FTM), Terra Classic (LUNC), Optimism (OP), Stacks (STX), Neo (NEO), ImmutableX (IMX), Ethereum Classic (ETC), and Shiba Inu (SHIB). The value of these cryptocurrencies has risen significantly over the last day, even though their price is volatile.
ETHW/USD
The EthereumPoW market has been dominated by bulls today, with prices moving from a low of $3.92 to a high of $5.26. ETHW is trading at $4.74, representing a 19.27% increase over the previous day’s closing price of $4.66. Although ETHW’s price fell earlier in the day, it has since recovered and is exhibiting positive indicators that it will continue to rise.
Market cap increased by 19.27% to $511,547,209, and 24-hour trading volume increased by 414.95% to $99,070,479 due to bullish dominance. The rise in EthereumPOW’s market cap and trading volume in the last 24 hours indicates investors are bullish on cryptocurrency.
HT/USD
Huobi Token (HT) is second on the list of top gainers, with an 11.64% rise in value to $5.88 in the previous 24 hours. This bullish control swept in when the market found support at the intra-day low of $5.24 and propelled the price to an intra-day high of $6.14.
Due to the apparent dominance, the market capitalization and 24-hour trading volume increased to $954,393,014 (11.74% gain) and $22,375,958 (108.36% uptick). The HT/USD pair is experiencing good market momentum and might gain more if the market continues to find support at its present level.
FTM/USD
Earlier in the day, the Fantom (FTM) market saw a clear opposing hand, with the price falling to a low of $0.5672. The bulls reversed the downward momentum, sending the cost to a new intraday high of $0.6444. As of publication, the FTM price had risen 10.44% to $0.635, demonstrating this bullish control.
The market cap climbed by 10.40% to $1,759,000,000, and the 24-hour trading volume increased by 17.41% to $632,311,687 as a result of the rising confidence of investors and traders.
LUNC/USD
There has been an apparent bull-bear struggle on the Terra Classic (LUNC) market in the last 24 hours, but as of press time, the bulls had won, and the price had risen 7.70% to $0.000187. During the hike, the cost of LUNC moved from $0.0001686 to $0.000194.
Because the bulls were so persuasive, LUNC’s trading volume rose steadily throughout the trading session. As a result of this rising demand, the market capitalization and the 24-hour trading volume both grew by 10.98%, to $1,151,071,603 and 137.76%, respectively. Traders’ bullish outlook on the Terra Classic (LUNC) market is reflected in the market’s rapid growth and 24-hour trading.
OP/USD
Over the last day, the Optimism (OP) market has stayed under bullish control, with $2.70 as support and $3.11 as resistance. As a result, the price of OP increased by 4.71 %, reaching $2.83, as the upward trend continued.
As a result of this bull run, the market capitalization has increased by 4.69% to $664,284,083, but investors are still wary about the market’s future since the 24-hour trading volume has decreased by 5.47% to $556,729,798 as of press time. This is because, despite the market’s apparent positive control, lower trade volume suggests the trend might not last.
STX/USD
Stacks’ (STX) market capitalization and 24-hour trading volume climbed by 3.52% to $405,852,095 and 89.18% to $26,587,516, respectively, ranking it sixth among the top gainers. STX has grown in popularity among traders and investors due to its consistent providing high returns, transparency in the trading process, and dedication to protecting investor interests.
The STX price increased by 3.44% to $0.2985 due to increased market confidence. During the increase, the price fluctuated between $0.2841 and $0.3026 as support and resistance levels.
SHIB/USD
Shiba Inu (SHIB) market found support at $0.00001196 after trading sideways at the start of the day. However, the bulls have taken control of the market since finding support, driving the price to a new intraday high of $0.00001291. At the time of writing, the SHIB bulls had pushed the price up to $0.00001244, a 3.30% increase.
Due to its positive dominance, SHIB’s market capitalization increased by 3.26% to $6,827,089,734, and its 24-hour trading volume increased by 65.58% to $574,043,805. As institutional investors take a more significant stake in digital assets, this shift reflects the zeal and confidence of buyers.
NEO/USD
The day’s bearish attempts to seize market control were vanquished as $8.55 support was found. In addition, the price of Neo (NEO) increased by $3.39 (at the time of writing) after bulls falsified the bear grip.
Investors and traders responded favorably to the rising price, increasing the market capitalization and 24-hour trading volume by 3.38% to $627,278,963 and 149.89% to $90,296,049.
IMX/USD
In the past 24 hours, the price of ImmutableX (IMX) has risen to a new all-time high of $0.8943, which has since proven to be a point of resistance. The bulls met some resistance, but their persistence paid off, and the price has now risen by 3.25% to $0.864.
With traders hopping on the IMX bull train in anticipation of a sustained uptrend, the market cap and 24-hour trading volume increased by 3.12%, to $684,233,802, and 4.7%, to $58,987,749, respectively.
ETC/USD
Shortly after Ethereum Classic (ETC) experienced a bear run that brought the price down to an intraday low of $22.19, bulls flooded the market and effectively nullified the trend. Unfortunately, the bulls have been in control recently, as the price of ETC has risen to a new 30-day high of $24.00. At the time of publication, the price had risen to $23.14, a 2.76% increase.
Since the correction began, the market cap has increased by 2.77% to $3,223,340,473, and the 24-hour trading volume has grown by 90.75% to $456,280,069.
The bulls’ control on the market will persist if the resistance levels are maintained, and prices pushed higher.
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.
