3 Altcoins That defy Bitcoin Dominance And Continue To Rally – CSPR, TWT, CRV
CSPR’s price remains strong despite price facing rejection from a high of $0.055 as the price holds above the key support area. TWT breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down. The price of CRV respects the downtrend line as the price aims to break out of its downtrend price movement. The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Casper....
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BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....
BTC.D rises in price as altcoins suffer a bloody day in crypto. BTC.D attempts to break out above 8, and 20-day Exponential Moving Averages as altcoins struggle to hold their key support. The price of BTC.D eyes a rally to 48% as this could mean more pain for altcoins. Many altcoins have experienced a relief bounce across the market as Bitcoin Dominance (BTC.D) remains below the 40% marked area allowing altcoins to rally when the market recovers. With Bitcoin Dominance (BTC.D) rising from the ashes, we could see the price of altcoins suffering more pain than expected if the price....
The native crypto asset of the Casper Network, CSPR is now available on the global crypto spot and derivatives trading exchange – OKEx. Introduced on May 11, the platform opened CSPR deposits at 10 AM UTC, soon followed by the launch of CSPR/USDT spot trading at 11 AM UTC. Casper Network is the first proof-of-stake […]
CSPR’s price struggles to hold above key support as the price needs to hold above $0.041 to maintain its bullish run. CSPR continues to struggle as a hidden bearish divergence appears in the four-hourly timeframe suggesting a change in trend could be imminent. The price of CSPR continues to look bullish as price trades above the 50 Exponential Moving Average (EMA) on the daily timeframe. Casper Network (CSPR) has gained traction in recent weeks, with the price rallying from its weekly low to a high of $0.055, where it met rejection in an attempt to trend higher. Despite the....
It could be “do or die” for altcoins as Bitcoin continue capturing serious dominance over the aggregated crypto market Bulls have been focusing their attention fully on BTC, which has caused many altcoins to plunge throughout the past few days and weeks Ethereum has been a leading indicator of the state of the altcoin market, […]