After trading sideways around $44,000 for several days, Bitcoin made a strong bounce. Thus, it rose above $47,000 for the first time since the beginning of April 2022. Most altcoins are also in green today. This helped the total market capitalization gain nearly $100 billion in 24 hours. Amid these developments, analytics platform Santiment drew attention to 3 altcoins each giving bullish and bearish signals.
Santiment announced 3 altcoins giving bullish and bearish signals
cryptokoin.comAs you follow from , the crypto market made strong moves north today. Features: Leading cryptocurrency Bitcoin visited over 47 thousand dollars. Meanwhile, most altcoins are also enjoying the green zone. In this environment, analytics platform Santiment shared the results of its analysis. In this regard, Santiment announced the 3 altcoins that give the most bullish and bearish signals. According to Santiment, which is based on the RSI indicator, EGLD, AR and BONK are giving bullish signals. On the other hand, the analytics platform states that MKR, NBN and SEI are giving bearish signals. In this context, Santiment shared the following post.
According to the Relative Strength Index, a TA momentum oscillator, here are the 3 altcoins with the most bullish and bearish divergence among the top 150 altcoins.
- Taurus: MultiverseX (EGLD), Arbitrum (AR), Bonk (BONK)
- Bear: Maker (MKR), Binance Coin (BNB), Sei (SEI).
The leading cryptocurrency rose to 47 thousand dollars
Bitcoin first rose to $45,000 as many ETF applicants announced the fees they plan to charge. This was just the beginning. Because the asset then skyrocketed even further. In this move, it rose to $47,250, its highest price point in almost two years. It has lost some value since then and is hovering below $47,000. However, its market capitalization is well beyond $900 billion. Additionally, its dominance over altcoin projects is over 53% as ETF decisions are just around the corner.
Altcoin prices are turning green
Most of the altcoins have been suffering over the past few days. But that wasn’t the case today. Solana was among the biggest underperformers as it fell below $90 at one point. However, a 12% increase on a daily scale has pushed SOL above $100 as of now. Avalanche is also up by a similar percentage and is trading well above $35. Cardano, Polkadot, Polygon, Bitcoin Cash, ATOM, and ICP also saw impressive gains.
Leading altcoin Ethereum is close to $2,300 following a 3% daily gain. BNB rose above $300 after a 2% jump. The cumulative market cap of all crypto assets gained nearly $100 billion overnight. Thus, the total market capitalization reached $1.720 trillion in CMC.
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