- A consistent level of resistance is required in order for bulls to maintain their edge.
- Due to persistent bullish pressure, Oasis Network (ROSE) has hit a new record high.
- The bulls have won, and the market is set up for more increases.
In a recent post on Twitter, Ben GCrypto the CEO of Generation Crypto Media Channel and Big-Bag has recently posted the top five cryptocurrencies by AltrRank.
Lunar Crush’s AltRank is a one-of-a-kind metric because it considers both the real price performance of altcoins in comparison to Bitcoin (BTC) and measures of social activity.
The top five gainers over the past 24 hours include Sandbox (SAND), Graph (GRT), Verasity (VRA), Chromia (CHR), and Oasis Network (ROSE).
The price of Sandbox (SAND) has been exhibiting a generally upward trend over the past twenty-four hours. Recent market activity has seen SAND trade at $0.8403 per token, reflecting a value increase of 17.10%. Support for SAND buyers can be found at $0.7134, while sellers will encounter resistance at $0.9365.
In addition, the trading volume for SAND has increased by 586.09% and is currently at $1,072,224,441. This results in a market cap that is currently resting around $1,266,214,965, which is an increase of 17.10%. The market is currently being controlled by bulls, which has led to the SAND token reaching a new 90-day high price of $0.9365.
The price of Graph (GRT) for the past week has been on an upward trend, which has contributed to bulls in the GRT market reaching new highs of $0.2286 over the past 90 days. Nevertheless, a new market pattern has emerged in the GRT market as bears have become the dominant trading participants, which has led to a 3.69 percent decline in the price of Graph. The token was trading at $0.1737 as of the time this article was published GMT, while bears found support around $0.173, and the resistance was at $0.2286.
The bulls have been in control of the Varasity (VRA) market for the past 24 hours, which has contributed to the price reaching a new 7-day high of $0.0112. The current price of one VRA token in terms of the US dollar is $0.01006, which represents an increase in the price of 24.74%. The bulls have established a support level at $0.008041, which is the price that is currently the lowest on the market, while the price that is currently the highest price (resistance) is $0.0112.
When compared to the token all-time high of $0.08683 which was set in the month of November in the year 2021, the current market price of VRA has experienced a decline of 87.97%.
Bulls in the Chromia (CHR) market have been at their peak, driving the price to a 90-day high in the previous 24 hours. During the upswing, the bulls’ control has varied the CHR price between $0.1858 and $0.2335. As of press time, this bullishness had persisted, with the price rising by 10.57% to $0.2099.
As a result of this upbeat attitude, the market capitalization and 24-hour trading volume both grew by 10.57% to $ 144,082,815 and 388.38% to $182,165,868 respectively, indicating that more buyers are entering the market.
Prices in Oasis Network began the day with optimistic energy, which resulted in a rise of 6.56% in the price of ROSE over the course of the previous 24 hours. The present optimistic attitude has been increasing over the past 7 days, which has resulted in the digital currency achieving a new 90-day high of $0.07647. This corresponds to a market capitalization of $378,918,293 while the trading volume is at $188,070,036. The current position held by ROSE on CoinMarketCap is 106.
Bulls need prices to rise over the current level of resistance in order to maintain their market dominance.
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