The cryptocurrency market has been seeing a new high for the past few days. This new green market has lifted Ethereum [ETH] and put it in the second position, replacing XRP. XRP also underwent a hike but that did not help it from slipping from the second position.
At press time, the coin was valued at $0.302, with a market cap of $12.4 billion. The coin registered a 24-hour trade volume of $469 million with a fall of 0.72% over the past day. The coin has recorded a rise of 1.09% over the past week, however, is noted to fall by 0.06% over the past hour.
The coin’s one-hour chart marks an uptrend from $0.3217 to $0.3046 and is followed by a downtrend from $0.3215 to $0.3059. The coin traced immediate resistance at $0.3088 while another strong resistance was noted at $0.3154. The coin also marked support at $0.3041.
Bollinger Bands appear to be diverging, increasing the volatility in the market. The moving average line was under the candlesticks,…
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