SNEAK PEAK
- Bullish supremacy prevails, paving the way for more market gains.
- To sustain dominance, bulls must maintain resistance levels.
- OKB reaches a 52-week high as a result of bullish supremacy.
Coinmarketcap reveals that the cryptocurrency market has been under a bullish influence for the last 24 hours. Among the most prominent digital currencies, Big Data Protocol (BDP), Fetch.ai (FET), Magic (MAGIC), Shiba Inu (SHIB), Casper (CSPR), Hooked Protocol (HOOK), Optimism (OP), PancakeSwap (CAKE), Ravencoin (RVN), and OKB (OKB) may be seen basking in a bullish glow.
BDP/USDT
After an initial drop to an intraday low of $0.1195 for the Big Data Protocol (BDP), bulls rushed into the market and drove the price up to an intraday high of $0.2417. After continuing to rise, the BDP market’s price is now at $0.2068, a 21.98% increase from its previous low.
In response to the price increase, investors flooded the market, increasing market capitalization (to $10,177,378) and 24-hour trading volume (to $7,380,516) by 22.23% and 8.08%, respectively. In addition, due to the BDP’s unexpected price increase, the market flooded with investors trying to cash in.
FET/USDT
Fetch.ai (FET) was the second-highest gainer in the previous 24 hours, with its price increasing by more than 16.99% to $0.3237 as of press time. Due to the bullish control, the FET price has varied between $0.2755 and $0.34 as support and resistance levels.
The increased market activity was reflected in the higher 24-hour trading volume and market capitalization, which grew by 16.95% to $ 265,072,041 and 240.83% to $184,117,021, respectively, reflecting increasing market excitement.
MAGIC/USDT
Due to the recent strong market momentum, the price of Magic (MAGIC) has risen to a 90-day high of $2.09 in the past 24 hours. The vigor of the bulls has driven the price up by 17.43% to $1.95 at the time of this writing.
This has led to an increase of 17.59% in market capitalization to $407,989,903 and 84.06% in 24-hour trading volume to $306,616,437. The rising volume of trading indicates investors’ growing enthusiasm for the MAGIC token and their expectation of a continuation of the current bull market.
SHIB/USDT
The Shiba Inu (SHIB) market has maintained its upward momentum after finding support at the day’s low of $0.00001232. Bulls’ efforts to breach the $0.00001457 (90-day high) barrier are reflected in the 10.30% price increase to $0.00001399 at press time.
This bullish control increased market capitalization and 24-hour trading volume by 10.66% to $7,695,538,971 and 82.30% to $1,123,983,870, respectively, indicating greater market confidence.
CSPR/USDT
Even after encountering resistance at the day’s high of $0.03989, the upward momentum in the Casper (CSPR) market has persisted. This bullish trajectory continued throughout the day after finding support at $0.0361. As of press time, bulls had driven the price to $2.45, a 5.11% surge.
This bullish control managed to increase market capitalization and 24-hour trading volume by 5.35% and 27.36%, respectively, to $408,646,054 and $8,870,245 demonstrating increased market interest as traders anticipate additional increases soon.
OP/USDT
Optimism (OP) market capitalization and 24-hour trading volume have climbed by 4.77% to $698,507,694 and 4.93% to $560,937,645 in the previous 24 hours as a consequence of the positive dominance.
The bullish reign’s persistence in altering the price range throughout the day between $2.81 and $3.21 has increased traders’ desire to engage in the market. As of press time, this favorable feeling had pushed the OP price to $2.97, a 4.72% increase.
HOOK/USDT
In the previous 24 hours, bulls seized control of the Hooked Protocol (HOOK) market. As of press time, the HOOK price had risen to $2.97, representing a 4.88% increase. However, a positive turnaround emerged after HOOK bears drove the price to $3.02 support.
As a result of the bulls’ comeback, market capitalization and 24-hour trading volume reached new highs of $698,988,411 and $169,244,017, respectively.
CAKE/USDT
Over the last several hours, bulls have dominated trading in PancakeSwap (CAKE), driving prices up to a 30-day high of $4.39 before facing resistance. As a result of this bullish dominance, the price was able to break over the prior ceiling, opening the way for potential new highs. As of price time, the bulls surged price to $4.33, a 5.01%
The market capitalization grew by 4.88% to $735,781,014, and the 24-hour trading volume rose by 40.62% to $80,932,478 to highlight the bullish run in the CAKE market.
RVN/USDT
After the price of Ravencoin (RVN) dropped to a low of $0.02923 during the trading session, bulls rushed in and pushed the price back to a high of $0.03189. As of the time of this writing, the RVN price has increased by 7.12%, reaching $0.0314.
During this upswing, market capitalization rose to $382,494,585, and 24-hour trading volume rose to $29,894,203, increasing by 7.16% and 172.28%.
OKB/USDT
Bulls in the OKB (OKB) have held firm in the battle for the throne, with prices rising by 5.04% to $41.23 as of press time. This positive control was successful in keeping the FEI price fluctuating between $4.12 and $41.73 (52-week high)
The market capitalization increased by 4.93% to $2,471,323,895 due to this bullish momentum. Still, traders have been warned to be careful in the short term since 24-hour trading volume plummeted by 4.16% to $28,256,835.
To keep the bulls in control of the market, prices must be driven over the current resistance levels.
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.
