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Tron [TRX] says sayonara to the bear as the bull makes a grand entry

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The crypto-verse was noted exerting a mixed notion. While coins like Tron [TRX], Ethereum Classic [ETC], and several others were enduring a downfall, the top five assets were seen bagging gains. Dogecoin [DOGE] and Ethereum [ETH] were seen as contributing to the overall market cap of $2.43 trillion.

Tron [TRX], however, fell back in terms of market cap as it dipped down to the 19th rank. TRX climbed the crypto ladder a couple of days ago, but it was quick to fall back. TRX’s market cap was $10.88 billion at the time of writing.

Additionally, the altcoin was trading for $0.15 with a 6.69% dip in the last 24-hours, during press time. Justin Sun’s coin had a good run throughout the week as it bagged gains of over 16%.

Tron [TRX] One-Hour Price Chart On Binance

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Tron [TRX] says sayonara to the bear as the bull makes a grand entry 3

The short-term price chart of TRX noted maximum bullishness. The Awesome Oscillator indicator rolled out green closing bars pointing out the presence of the bulls. Earlier today, the MACD line took over the signal line and formed a bullish crossover. After spending an entire day with the bears, this trend reversal in the TRX market seemed to be beneficial for the altcoin.

A lot of sellers’ activity was noticed in the one-hour price chart of TRX, the Money Flow Index indicator asserted.

Tron [TRX] One-Day Price Chart On Binance

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Tron [TRX] says sayonara to the bear as the bull makes a grand entry 4

The one-day price chart of TRX was echoing the sentiment noticed on TRX’s short-term chart. The Parabolic SAR indicator laid out dotted lines below the candlesticks stopping the altcoin from dipping. The Chaikin Money Flow indicator managed to retain itself over the zero median which in turn announce the presence of bulls in the TRX market.

Contrary to the notion found in the short-term chart, the Relative Strength Index indicator suggested that the buying activity in the TRX market was higher than the selling activity.

Elon Musk urges people to invest in crypto with caution

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The CEO of Tesla Elon Musk has been extremely vocal about his interest in crypto. At times, Musk had also caused the surge in the price of certain assets. However, this time, the billionaire urged those investing in crypto to stay alert and be cautious.

Bitcoin’s journey to a high of $64K had paved the way to an array of newfound fans. Along with Bitcoin, several altcoins went on to record new highs. Dogecoin [DOGE] in particular seemed to have caught the eye of Musk as he went on to endorse the asset multiple times on Twitter. While these tweets meddled with the price of the altcoin, an endorsement coming from the tech billionaire Elon Musk, opened gates to several new investors.

Despite calling himself the “Dogefather”, Musk shared a tweet that the crypto industry was promising but staying alert was also important.

Elon Musk Says It’s Unwise To Invest Life Savings In Crypto

As Elon Musk preps for his appearance on Saturday Night Live with a skit pertaining to Dogecoin, the billionaire took to Twitter to share an old TMZ interview. The tweet read,

While Musk has been an advocate of crypto investments, the billionaire was seen urging people to refrain from pouring all their life savings into crypto in the aforementioned video. The billionaire added,

“People should not invest their life savings in cryptocurrency. That’s unwise. [..] if you want to speculate, maybe have some fun, there’s a good chance crypto is the future currency of the earth.”

Additionally, Dogecoin [DOGE] was seen having a good run as the asset climbed all the way to the top. At the time of writing, DOGE stood as the fourth-largest cryptocurrency as it surpasses assets like XRP and Cardano [ADA]. While the market cap of DOGE was noted at $80 billion, the altcoin’s price was at $0.59. DOGE had reportedly bagged gains of up to 98% in the last seven days alone.

XRP witnesses emergence of the bears as its journey to $2 endures heckles

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The ongoing sentiment in the crypto market was quite muffled as coins like XRP, Binance Coin [BNB], and the rest in the top five were slumping. The five coins in the top ten were, however, bagging significant gains.

XRP, despite enduring a drastic drop, managed to climb back up. Ripple’s fallout with the SEC almost had the community preparing for XRP’s journey to zero. However, XRP was seen moving towards achieving its three-year-old all-time high of $3.84. Last night wasn’t very favorable for the altcoin as its journey to $2 was interrupted by the bears. At the time of writing, the altcoin was trading for $1.59 with a price drop of 2.87% in the last 24-hours.

The market cap of the altcoin had also witnessed a dainty slump, but the asset managed to retain itself in the top five. During press time, the market cap of the altcoin was noted at $72 billion. The altcoin was recently defeated by Dogecoin [DOGE] as the meme coin took over the fourth position.

XRP One-Hour Price Chart On Binance

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XRP witnesses emergence of the bears as its journey to $2 endures heckles 6

The short-term price chart of XRP was critical as the bears were making their way into its market. The Parabolic SAR indicator formed a long string of dotted lines over the candlesticks, insinuating a bear market as this line acted as resistance, further limiting the chances of an upward breakout. The MACD indicator was in a bearish crossover; however, a trend reversal was possible because the MACD line was trying to cross the signal line.

A lot of XRP traders were seen selling their holdings as the Money Flow Index noted significant selling activity in the market.

Despite this bearish momentum in the altcoin’s market, the community remained positive and suggested that the coin had the potentials of reaching $5. The court’s recent verdict with regard to the Ripple vs SEC could have influenced this sentiment.

Litecoin [LTC] edges close to its three year high of $375

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While Bitcoin [BTC] brought down several assets, a few others rebelled and were seen traversing with the bull. Litecoin [LTC], Chainlink [LINK], and Bitcoin Cash [BCH] were all in high spirits. Dogecoin [DOGE] was, however, the star of the show. Not only did the coin climb up the crypto ladder but also recorded a significant rise in its price. Just as DOGE was aiming for $1 with a 42% rise in the last 24-hours, BTC was still stuck at $55K.

Despite being one of the earliest cryptocurrencies, Litecoin [LTC] remained below several currencies that entered the industry much later. The altcoin currently stands as the tenth-largest cryptocurrency with a market cap of $22 billion. Uniswap [UNI] wasn’t too far ahead giving LTC another chance to surge to the ninth position.

At the time of writing, LTC was trading for $342 with an 8% surge in the last 24-hours. The last seven days did aid in the asset’s recent price soar as it bagged gains worth 30.15%. The altcoin wasn’t too far from its all-time high of $375.29 that it achieved about three years ago.

Litecoin [LTC] One-Day Price Chart On Binance

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Litecoin [LTC] edges close to its three year high of $375 9

The one-day price chart of Litecoin [LTC] noted immense bullishness. The MACD line had taken over the signal line and went on to form a bullish crossover. This change was noted at the beginning of the month as the end of April was bleak for the altcoin. The Chaikin Money Flow indicator remained over the zero median, residing in the bullish arena.

The Bollinger Bands indicator pointed out limited volatility, however, the bands were seen diverging.

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Litecoin [LTC] edges close to its three year high of $375 10

The Money Flow Index indicator used in the one-day chart revealed a buyers’ sentiment, The Relative Strength Index indicator announced that LTC was being overbought as the marker was seen aiming for 80 median.

The persistence of this bullishness could help the altcoin reach its all-time high of $375.

Ethereum’s [ETH] Dominance Surges As Its Price Nears $3.5K

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The crypto market was seen taking different turns. Ethereum [ETH] was growing in terms of both market cap as well as price. Dogecoin [DOGE] followed suit. As DOGE’s market cap hit $58.76 billion, it overhauled the largest stablecoin Tether [USDT] and took over the fifth position. Almost all the other assets were noted enjoying their stay with the bulls.

Ethereum [ETH] stepped into May in high spirits as the altcoin soared to a high of $4,450. The bulls were all for ETH as the asset had been experiencing significant growth over the last couple of days. During the time of writing, ETH was trading for $3,305 with a 5% rise in the last 24-hours. Over the last 24-hours, ETH had recorded gains of up to 31%.

The market cap of several assets was seen recording new highs. While Binance Coin’s [BNB] market cap hit a high of $100 billion. Ethereum was noted trying to achieve $400 billion as its market cap was at a high of $384 billion.

Ethereum [ETH] One-Hour Price Chart On Coinbase

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Ethereum's [ETH] Dominance Surges As Its Price Nears $3.5K 13

The short-term price chart of ETH revealed that the altcoin’s chances of moving ahead to $3,500 weren’t very bad. The green closing bars formed by the Awesome Oscillator on the one-hour price chart of ETH noted that the bulls were in the market. The Chaikin Money Flow indicator was seen in the bullish arena. The Relative Strength Index indicator pointed out a buyers’ sentiment in the ETH market.

Ethereum [ETH] One-Day Price Chart On Coinbase

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Ethereum's [ETH] Dominance Surges As Its Price Nears $3.5K 14

The Parabolic SAR indicator formed dotted lines below the candlesticks further suggesting a bullish notion on the one-day price chart of ETH. The MACD line took over the signal line forming a bullish crossover. The Money Flow Index [MFI] was noted in the buyers’ zone revealing that the ETH was being overbought.

With all the signs inclining towards the bulls, ETH could hit $3.5K sooner than expected.

Bitcoin Cash [BCH] Steps Into May With Significant Gains

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The month of May started off on a good note for several coins including, Ethereum [ETH], Bitcoin Cash [BCH], and several others. The altcoin market emerged in terms of both price as well as market cap. The overall market cap of the crypto-verse rose to $2.21 trillion with the altcoins accounting for most of it.

With a 24-hour price rise of 9.49%, Bitcoin Cash [BCH] was right behind Dogecoin [DOGE] in bagging daily profits. The altcoin was trying to surge past $1K, however, a prominent line of support was still in the making as it kept slipping back below its milestone. BCH, during the time of writing, was trading for $1,009. Over the last seven days, the altcoin scored gains of over 29%.

While several coins like Litecoin [LTC] and Chainlink [LINK] failed to stay in the top ten, BCH managed to retain itself as the tenth-largest cryptocurrency. The altcoin’s market cap was noted at $18.73 billion, quite close to that of Litecoin’s.

Bitcoin Cash [BCH] One-Hour Price Chart On Coinbase

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Bitcoin Cash [BCH] Steps Into May With Significant Gains 17

The bears were noticed hibernating in the short-term price chart of BCH. While the Bollinger Bands indicator affirmed limited volatility as the bands were converging, the Awesome Oscillator indicator suggested that this was for the best. The Awesome Oscillator indicator laid out red closing bars insinuating the presence of the bears. The Money Flow Index indicator noted a buyers’ sentiment as the marker was over the 50 median.

Bitcoin Cash [BCH] One-Day Price Chart On Coinbase

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Bitcoin Cash [BCH] Steps Into May With Significant Gains 18

Contrasting sentiments were observed in the short and long-term charts of BCH. The one-day price chart of BCH was welcoming the bulls. The MACD indicator was heading in for a bullish crossover as the MACD line was sluggishly trying to rise over the signal line. The Chaikin Money Flow indicator was seen dwelling in the bullish arena over zero median. The Relative Strength Index indicator suggetsed that the altcoin could have been moving towards the overbought zone.

Ethereum [ETH] Continues To Score Big As Its Price Inclines Towards $3K

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The price change of prominent altcoins like Ethereum [ETH], Binance Coin [BNB], and Dogecoin [DOGE] paved the way for speculations of the emergence of the alt season. Bitcoin [BTC], however, didn’t fall back as it seemed to be getting back on track. The king coin recorded a 6% rise in the last 24-hours which pushed the price of the asset to $57,579. Despite this, the dominance of BTC remained below 50%, precisely at 48.7%.

This week has proved to be extremely beneficial for altcoins like Ethereum [ETH]. The altcoin has been recording new all-time highs almost every day. Even though ETH experienced minor blips at the beginning of the week, the asset bounced back and witnessed parabolic growth. Earlier today, ETH hit $2,868 which is the highest number the altcoin has recorded over the span of six years.

During the time of writing, the altcoin was seen experiencing correction as it was noted at $2,838. ETH, over the last 24-hours, was surging by 2.79%. In the last seven days, ETH bagged gains of about 24.64%.

Ethereum [ETH] One-Day Price Chart On Binance

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Ethereum [ETH] Continues To Score Big As Its Price Inclines Towards $3K 20

The one-day price chart of ETH pointed out that the chances of the altcoin reaching $3K were high. The Chaikin Money Flow [CMF] indicator was over zero median which noted the presence of the bulls in the ETH market. The Awesome Oscillator indicator laid out green closing bars which further indicated a bullish momentum. The Money Flow Index indicator noted that the altcoin was being overbought as it way over in the buyers’ arena.

Furthermore, prominent analytics platform Santiment affirmed that the ongoing sentiment could persist. The platform took to Twitter to note that the trading activity on ETH was high as its price was soaring. The tweet read,

Additionally, the market cap of the altcoin was also on a roll as it rose to $330 billion. The market cap of Ethereum even surpasses PayPal which further put the crypto network on a pedestal.

Binance Coin [BNB] Climbs Back Over $600; Will This Trend Persist?

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The crypto-verse was seen exerting significant volatility over the last few days. Binance Coin [BNB], XRP, Bitcoin [BTC], and several others were seen losing and gaining profits acquired in the previous months. While Bitcoin was still stuck at $54K, all the altcoin were seen jumping onto the train spearheaded by the bulls. Ethereum [ETH] was noted observing several all-time highs over the last week. The altcoin’s dominance rose to 15.2% while Bitcoin’s slumped to 47.9%.

Binance Coin [BNB] proved to be no less than any other coin as it managed to climb up the crypto ladder landing in the third spot. Even though other coins like Cardano [ADA] and XRP have tried to overhaul BNB, the asset has managed to regain its position as the third-largest cryptocurrency. At the time of writing, BNB’s market cap was noted at $94.81 billion. Furthermore, BNB was priced at $615.33 with a 7.67% surge in the last 24-hours. Over the week, BNB reportedly bagged gains of about 28%.

Binance Coin [BNB] One-Hour Price Chart

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Binance Coin [BNB] Climbs Back Over $600; Will This Trend Persist? 23

The bulls were seen taking a long nap in BNB’s one-hour price chart. The Chaikin Money Flow [CMF] indicator revealed a bullish momentum as the CMF marker was over the zero median. However, the marker was close to the border which seemed to be critical for the altcoin. The Awesome Oscillator, however, formulated long bold green closing bars which suggested the presence of the bulls in the BNB market.

The Money Flow Index [MFI] indicator pointed out that BNB was being significantly bought as it was all the way at the 80 median.

Binance Coin [BNB] One-Day Price Chart

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Binance Coin [BNB] Climbs Back Over $600; Will This Trend Persist? 24

The Parabolic SAR indicator used in the one-day price chart of BNB mirrored the sentiment in the altcoin’s short-term chart. With dotted lines below the candlesticks, the altcoin’s chances of experiencing a downfall were bleak. The MACD indicator seemed like it was heading for a bullish crossover. The Relative Strength Index indicator suggested that a buyers’ sentiment had taken over the BNB market.

Uniswap [UNI] Fends Off The Bear As Bulls Assure Assistance

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The market cap of the crypto-verse was seen soaring over $2.10 trillion. Several coins like Uniswap [UNI] and Dogecoin [DOGE] navigated their way into the top ten. Both these coins emerged as prominent assets in terms of price as well as market cap. Amidst the emergence of these fairly new assets, Ethereum [ETH] decided to move up in terms of market cap. At press time, ETH’s market cap was noted at $319.65 billion.

Currently standing as the ninth-largest cryptocurrency, Uniswap’s market cap was recorded at $22.44 billion. At the time of writing, the altcoin’s price was at $42.83 with a 9.14% surge in the last 24-hours. The last couple of days were highly beneficial for UNI as it bagged gains of about 14.14% in the previous seven days. Earlier today, the altcoin even recorded an all-time high of $43.89. However, this trend did not persist as the coin endured retracement.

Uniswap [UNI] One-Hour Price Chart On Kraken

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Uniswap [UNI] Fends Off The Bear As Bulls Assure Assistance 27

The short-term price chart seemed to be in sync with the ongoing trend in the crypto market. The Bollinger Bands indicator suggested limited volatility as the bands were converging as opposed to diverging. The Awesome Oscillator indicator formed a green closing bar after several red closing bars over the last couple of hours. This further indicated the presence of the bulls in the UNI market.

Furthermore, the Relative Strength Index indicator noted that there were no major buying or selling activities in the UNI market was the marker was by the 50 median.

Uniswap [UNI] One-Day Price Chart On Kraken

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Uniswap [UNI] Fends Off The Bear As Bulls Assure Assistance 28

The one-day price chart went on to mirror the short-term chart of UNI as it was harboring the bulls. The MACD line took over the signal line further forming a bullish crossover. The Klinger Oscillator followed suit and also formed a bullish crossover. The Money Flow Index indicator noted a little over the 50 median indicating dainty buyers’ sentiment.

This notion further suggested that UNI entailed chances of hitting $50.

Ethereum [ETH] Records New ATH Of $2.7K; $3K Isn’t Too Far, Bulls Affirm

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While all the other coins were recovering from the recent downfall, Ethereum [ETH] went on to record a new all-time high. Earlier today, the altcoin surged to an all-time high of $2,713.58. As Bitcoin [BTC] was still trading at $54K, the dominance of the king coin fell below 50%. However, ETH’s supremacy over the crypto market grew to 14.7%.

The overall market cap of the crypto-verse was at $2.07 trillion with a 3.20% daily surge.

Ethereum [ETH], during the time of writing, was experiencing correction after its plunge towards $2.7K. ETH was trading for $2,699 with a 5.10% rise in the last 24-hours. The altcoin had been performing better than the other assets as it recorded a 14.12% soar over the previous seven days. The market cap of the altcoin made it past $300 billion. At press time, ETH’s market cap was noted at $311.29 billion.

Ethereum [ETH] One-Hour Price Chart On Coinbase

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Ethereum [ETH] Records New ATH Of $2.7K; $3K Isn't Too Far, Bulls Affirm 31

The short-term price chart of ETH depicted a mixed notion. However, the signs were inclining towards the bulls. The Chaikin Money Flow [CMF] indicator was over the zero median which was in the bullish arena. This further announced the presence of bulls in the ETH market. The MACD indicator was in a bearish crossover as the signal line was above the MACD line. Yet, the MACD line seemed to be heading for a bullish crossover.

Furthermore, the Relative Strength Index [RSI] indicator was in the buyers’ zone and was seen moving towards the overbought area.

Ethereum [ETH] One-Day Price Chart On Coinbase

Ethereum
Ethereum [ETH] Records New ATH Of $2.7K; $3K Isn't Too Far, Bulls Affirm 32

On the one-day price chart of ETH, the bulls were seen ousting the bears. The Parabolic SAR indicator flipped the ongoing trend and had started to form a line below the candlesticks. This line further suggested a bullish notion in the ETH market. The Awesome Oscillator indicator rolled out a single green closing bar alerting the invasion of the bulls.

Additionally, the Money Flow Index [MFI] indicator was noted up by the buyers’ zone as no major selling activity was noted in the ETH market.