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Crypto Market Overview: Top Gainers Shine Amidst Bearish Sentiments

Crypto Market Overview: Top Gainers Shine Amidst Bearish Sentiments

The current crypto market sentiment reveals that most of the leading cryptocurrencies are in a bearish zone. Bitcoin (BTC) has fallen to $64,000, and Ethereum (ETH), Solana (SOL), and other altcoins are also on a bearish run. However, the overall trend has been bearish, although some mid-cap and low-cap altcoins have shown good performance and have risen sharply. 

The sentiment remains cautious, as evidenced by Bitcoin’s decline to the $64,000 level, with Ethereum and other major altcoins such as Solana (SOL) and LayerZero (ZRO) also falling. On the other hand, the meme coin sector was volatile with some coins experiencing a surge. 

The global crypto was down by 0.79% over the past day, now standing at $2.36 trillion, while the market volume increased by 15.23% to $69.76 billion.

CORE Price Analysis

Core (CORE) has been one of the biggest gainers even as the overall market has been in the red. The current price of live Core is $1.41, with a 24-hour trading volume of $108,031,469. CORE has noted a 5.61% increase in the last 24 hours. From the price chart, it is evident that CORE has been on the rise, rising from $1.33 to $1.41.

This positive momentum indicates that investors remain optimistic about CORE even in the face of market fluctuations. The first level of resistance is at $1.45, and a break above this could see CORE targeting the $1.50 mark. On the flip side, the support level at $1.33 is important for the continuation of the bullish trend.

Fantom (FTM)

Fantom (FTM) has shown a unique pattern on the daily charts, which indicates some strength in the face of increased market fluctuations. Fantom has seen a minor rise and is currently trading at $0.5830, which is an increase of 1.94% within the last 24 hours. 

This movement is supported by a trading volume of $166,585,267, which shows that there is still a lot of interest in the market. The price of Fantom has been volatile in the past few weeks, but it has been gradually rising from the bottom that was set at the beginning of the month, which indicates that investors are bullish.

The technical indicators give more information about the market trends of Fantom. The MACD is currently indicating a slight bearish trend as the MACD line is below the signal line. 

Nevertheless, this bearish trend is gradually fading, which may indicate a possibility of a short-term rebound or at least stabilization. However, the  (RSI), currently at 35.09, is close to the oversold territory, suggesting that Fantom could be undervalued at the current price levels.The RSI is currently at 35.09, is close to the oversold territory, suggesting that Fantom could be undervalued at the current price levels.

TRON (TRX) Price Analysis

TRON (TRX) price is currently at $0.1170, which is 0.22% higher than the previous day.The TRX coin intraday chart shows that the price of the cryptocurrency changes frequently during the day but in a small range, which indicates that there is a lot of trading activity but within a specific range. This behavior shows that although there is buying interest, there is an equal and opposite selling pressure, thus keeping the price range stable.

From a technical perspective, the MACD on the daily chart of TRX is slightly above the signal line, which may suggest a bullish crossover. This is a positive signal for further upward movement of the stock price. However, the Relative Strength Index (RSI) is at 53.39, which is in the middle of the scale and can be considered as a neutral value, which reflects the current market uncertainty.



This article was originally published by a www.analyticsinsight.net . Read the Original article here. .

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