- The overall market conditions are still prevailing the bullish sentiment as BTC and ETH trades positive besides some altcoins facing marginal price correction activity
- The overall market capitalization is $393.34B making an increase of 1.16% over the day
- The 24-hour volume traded of the cryptomarket is $108.27B making a decrease of -4.58% over the day.
- The dominance of the crypto king drops to 60.81% making a decrease of -0.12% over the day
Are The Bear Hinting A Takeover In The Overall Market Conditions?
The overview of the crypto market indicates that the major cryptoassets are able to prevail in the bullish sentiment on Friday’s trading session. However, some of the other altcoins are facing marginal price correction activity which includes coins like Binance Coin, Tether, Tron, etc. Meanwhile, BTC is holding its sustainability above the price level of $12800 and Ether is looking to gain new levels for the month and looking to test the resistance level of $418 at the same time. Some of the other altcoins like ripple, chainlink, tezos are also trading positive.
The intraday chart of Ether reflects on its significant bullish momentum which included breaking above the crucial mark of $400. On Thursday’s market session, the world’s second largest cryptoasset was able to beat its multi-time major resistance level of $395.00 amid strong bullish sentiments prevailing in the market. Since then, Ether is onto gaining new levels for the month. The CMP is placed at $415.42 with a significant overall gain of 5.20% bringing the market capitalization to $46,993,571,988 and the 24-hour volume traded having an increase of 18.44%. The ETH/BTC pair is also performing positive with an overall gain of 3.86% bringing the current level to 0.03207610 BTC.
Chainlink is about to reclaim the crucial price mark of $12.00 with an overall gain of 9.58% bringing the market capitalization to $4,637,627,568 with the 24-hour volume trade having an increase of 19.44%. However, the bulls need to have caution as the current price levels are prone to major price corrections considering historical price movement. Meanwhile, the bullish sentiment is still prevailing in the overall market conditions which can help to provide stability to the price levels of the cryptoasset.
Polkadot has surely proven its sustainability above the crucial price mark of $4.00 by reclaiming the price level of $4.30. The CMP is placed at $4.30 with a gain of 1.44% bringing the market capitalization to $3,669,602,016 with the 24-hour volume trade of $366,020,343. The DOT/BTC pair is also performing positively with a gain of 0.32% bringing the current level to 0.00033269 BTC. Currently, the cryptoasset is facing resistance at the price level of $4.40.
Neo’s bullish momentum is looking to be halted by the resistance level of $19.00 after having a positive bounceback from the major support level of $17.00. The CMP is placed at $18.35 having a marginal profit of 0.62% bringing the market capitalization to $1,294,137,389 with the 24-hour volume traded of $485,882,802. Neo bulls are looking a little uncomfortable to hold the levels and minor price correction activity can take place for the cryptoasset as the NEO/BTC pair turned negative with the loss of -1.34% bringing the current level to 0.00141893 BTC.