Crypto Market Rises Again Today: Fear and Greed Index Rises to 72 Points

Crypto News – When it was trading just above the $1 trillion horizontal support region on October 12, TOTALCAP began to rise more quickly.

Crypto Market Rises Again Today: Fear and Greed Index Rises to 72 Points

A new yearly high of $1.26 trillion was reached by TOTALCAP on October 24 when it broke through the $1.10 and $1.16 trillion horizontal resistance regions during the rise. However, multiple long upper wicks were formed as it was unable to break out over the $1.25 trillion resistance. A new attempt to break above the $1.25 trillion hurdle is presently being made by TOTALCAP.

In addition, on October 24, the price of Bitcoin (BTC) and the TOTALCAP hit new annual highs, but they thereafter experienced a small decline. An area of critical resistance is almost reached by GALA.

Bitcoin is Still on the Top

Since October 13, the price of Bitcoin has dramatically climbed. On October 23, the price broke out of the $31,300 horizontal resistance level, and the following day it hit a new yearly high of $35,280.

The price of Bitcoin rose during the rally and concluded at $33,700, above the 1.27 external Fib level of the preceding decline. If it keeps going up, it can advance another 7% and meet the next barrier, which is the 1.61 external Fib level at $36,100.

GALA Token Hit $0.020 Today

Since breaking out of a declining resistance trendline on October 21, the price of GALA has climbed. On October 26, the increase resulted in a high of $0.020. But as of this writing, the token’s price had somewhat decreased to $0.019.

The price of GALA might rise by 40% and hit the next resistance level at $0.028 if it breaks out above this region once more. In spite of this optimistic forecast, a 20% decline to the nearest support at $0.016 could occur if the $0.020 region is rejected.