PEPE Dominates Again as Crypto Markets Recover

Today’s market session has kicked off guided by bull signals as the global market cap recorded a raise of 1.5% within 24 hours taking the global market cap to $1.12T. Bitcoin (BTC), the crypto king, is looking to recover, kicking off today’s session with notable gains as it still faces resistance at the $27K mark.

Trading at $26.7K, BTC was sitting on a 1.6% gain within 24 hours, as the asset now looks to recover from a weekly loss of over 9%. Bitcoin’s trading volume has however gone down by 14% within 24 hours, as the market cap also rose by over 1% within the same period.

According to the Bollinger bands, BTC’s volatility levels seem to be on the rise as the bands move away from each other. The relative strength index is also moving above its average line signaling a bullish trend as the MACD indicator shifts to the positive side also signaling a bullish trend on BTC.

BTC 1-day chart | Source: TradingView

Altcoin analysis

Ethereum (ETH), the altcoin king, is also consolidating a bullish trend as the asset now sits on a 2.2% 24-hour gain. Ethereum is coming from an 8.4% weekly loss that saw the asset now reclaim $1.8K. ETH’s trading volume has however gone down by 21% as the market cap also rose by more than 2%.

Cardano (ADA) and Doge have also recorded gains of 1.7% and 2% respectively as Litecoin (LTC) and Shiba Inu (SHIB) also rose by 1.7% and 2% respectively. Tron (TRX) had also risen by 1.6% as of press time and Polkadot (DOT), also saw a 1.5% within the same period.

Solana (SOL) is standing to outwit a 5.3% increase in price valuation within a day of trading as it comes for a 6% drop from a week’s trading. SOL’s trading volume has also gone down by 8% within the same period as its total cap also saw a 5% increase within the same period.

SOL 1-day chart | Sorce: CoinMarketCap

PEPE is trending again as the meme coin sits on a daily gain of 38%, with the asset appearing as the top most trending token on CoinMarketCap ahead of Milady meme coin (LADYS) which comes in at 2nd most trending with a 2.7% 24-hour gain. 

PEPE 1-day chart | Source: CoinMarketCap

Lido DAO (LDO) is our last notable gainer today as it sits on a daily gain of 14% its weekly gain stands at 1.9% as the general crypto markets seem to have entered a recovery session. 

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