The cryptocurrency market has been seeing a new high for the past few days. This new green market has lifted Ethereum [ETH] and put it in the second position, replacing XRP. XRP also underwent a hike but that did not help it from slipping from the second position.
At press time, the coin was valued at $0.302, with a market cap of $12.4 billion. The coin registered a 24-hour trade volume of $469 million with a fall of 0.72% over the past day. The coin has recorded a rise of 1.09% over the past week, however, is noted to fall by 0.06% over the past hour.
The coin’s one-hour chart marks an uptrend from $0.3217 to $0.3046 and is followed by a downtrend from $0.3215 to $0.3059. The coin traced immediate resistance at $0.3088 while another strong resistance was noted at $0.3154. The coin also marked support at $0.3041.
Bollinger Bands appear to be diverging, increasing the volatility in the market. The moving average line was under the candlesticks, indicating a bullish trend.
Awesome Oscillator also marks a weakened bullish trend.
Chaikin Money Flow also indicates a bullish reign as the marker has just crossed the zero-mark.
The one-day chart of the coin noted an uptrend from $0.2707 to $0.4785 and was followed by a downtrend from $0.5551 to 0.3177. The coin marked resistances at two points, at $0.3177 and $0.3276. Support was noted at $0.2933.
Parabolic SAR points towards a bearish market, as the markers have aligned above the candles.
MACD line is over the signal line, marking a bullish market.
Relative Strength Index indicates that the buying pressures and selling pressures have evened each other out.