- For bulls to keep their upper hand, resistance must be steady.
- Due to persistent bullish pressure, OKB has hit a new record high.
- The bulls have won, and the market is set up for more increases.
The top performing cryptocurrencies in the last 24 hours have been SingularityNET (AGIX), The Graph (GRT), Render Token (RNDR), UNUS SED LEO (LEO), OKB (OKB), Bitcoin SV (BSV), Fei USD (FEI), PAX Gold (PAXG), dydx (DYDX), and Dai (DAI).
Bulls in the SingularityNET (AGIX) market have dominated in the previous 24 hours, soaring to an intra-day high of $0.4579 after finding support around $0.3233. As of press time, the bulls had lifted the price to $0.4088, representing a 23.42% increase.
The market capitalization and 24-hour trading volume increased by 23.42% and 113.85%, respectively, to $488,207,713 and $397,137,114. AGIX is presently on a 7-day winning run and has recovered most of the losses it experienced when it sank to as low as $0.3220 on November 4th.
The Graph’s (GRT) bullishness has likewise persisted in the previous 24 hours, with values moving between $0.1116 and $0.1376 as support and resistance levels. The high resistance at $0.1376 was challenged many times and met with buying pressure each time, showing that the bulls remained in charge. As of press time, the GRT price has risen by 15.18% to $0.1289.
Due to the bullishness, market capitalization and 24-hour trading volume declined by 14.82% and 133.88%, respectively, to $1,130,957,448 and $318,297,554. This surge demonstrates that, despite varying prices, GRT is still perceived favorably in the market, with investors purchasing the token to capitalize on the recent rise in value.
In the previous 24 hours, the Render Token (RNDR) market has experienced favorable sentiment, with prices climbing by 3.60% to $1.85. This price gain is good news for RNDR investors since it indicates that demand for the token has surged. During the uptrend, the RNDR price varied between $1.66 and $1.88 as support and resistance levels.
As traders’ confidence in this bull run grew, market capitalization and 24-hour trading volume increased by 2.79% to $465,348,398 and 48.89% to $290,885,241, respectively. This increase in trading activity is undoubtedly a good indication for the RNDR market and its investors. As a result, RNDR climbed the CoinMarketCap coin ladder, temporarily becoming the 86th-ranked cryptocurrency by market cap.
The UNUS SED LEO (LEO) market found support at the intra-day low of $3.46, and as a consequence, bulls grabbed the market, driving the price to a high of $3.67. As of press time, the LEO price had risen by 2.32% to $3.57, indicating this upturn.
The market capitalization and 24-hour trading volume increased by 1.80% to $3,389,333,831 and 117.84% to $1,921,648.
As indicated by the robust market response, this price increase likely means restoring investor confidence in the LEO market. More institutional investors are anticipated to join the LEO market as it gains widespread awareness.
Earlier in the day, the OKB (OKB) market saw a bearish hand, with the price falling to a low of $42.75. Bulls, on the other hand, reclaimed the market and successfully drove the cost to an all-time high of $45.20 before encountering resistance. As of press time, the OKB price has climbed by 1.17% to $44.45.
Market capitalization increased by 1.14% to $2,667,326,890, but 24-hour trading volume decreased by 41.58% to $23,265,516. As a consequence of the bearish and bullish forces in the OKB market, investors can profit from market volatility.
The bearish mood in the Bitcoin SV (BSV) market was short-lived, as $43.02 support was discovered. As a consequence of the market’s bullish comeback, BSV reached a 7-day high of $45.87 in the previous 24 hours. As of press time, the BSV price was $43.82, representing a 0.55% increase.
This spike increased the market capitalization and 24-hour trading volume by 0.54 and 253.60%, respectively, to $844,127,501 and $113,409,251. Despite previous market downtrends, this optimistic mood and corresponding price gain indicate that market trust in Bitcoin SV is high. This is a good sign for Bitcoin SV since market trust in the asset has shown to be relatively strong.
Bearishness in the Fei USD (FEI) market was neutralized in the previous 24 hours by the discovery of $0.9661 support. As a result, the FEI price rose to a 7-day high of $1.00, a 0.87% increase as of press time.
While the market capitalization increased by 0.26% to $422,745,855, the 24-hour trading volume decreased by 46.67% to $978,734. This sudden drop in volume suggests that bulls are profiting from the rally and that further gains are questionable. However, despite a reduction in 24-hour trading volume, the increase in FEI’s market capitalization may indicate that the spike was caused by fewer, bigger deals rather than several smaller ones.
PAX Gold’s (PAXG) bullishness has reasserted itself following an extended bear market, with support of around $1,854.56. The PAXG price increased to $1,867.35, a 0.41 percent increase as of press time, as the bullish momentum increased.
Market cap increased by 0.40% to $506,545,087, and 24-hour trading volume increased by 19.12% to $11,013,520 as a result of rising investor confidence. After a long period of decline, the PAXG price spiked, giving investors and traders much-needed confidence.
Bulls’ efforts to grab the market on dydx (DYDX) have been successful in recent hours after establishing support at $2.81. Despite the resistance of around $3.12, the bulls have increased the price by 2.44% as of press time to $3.08.
Because of increased interest in the DYDX market, market capitalization and 24-hour trading increased by 2.45% to $480,636,501 and 53.20% to $226,945,271, respectively. This recent increase has given the DYDX market new life, with a rising number of traders and investors ready to profit from the potential growth.
The Dai (DAI) market has seen a bull-bear skirmish, with prices ranging from $0.9975 to $1.00. (30-day high). Despite significant opposition, the DAI price is now valued at $0.9997, a 0.02% increase as of press time.
The market capitalization and 24-hour trading volume increased by 0.27% and 21.24%, respectively, to $5,818,276,310 and $130,566,910, respectively. Despite significant resistance, this reflects a bullish market mood. This is an incredible accomplishment, particularly considering the present uncertain market circumstances.
The bulls need prices to break out above recent resistance to maintain market control.
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.