Crypto News – The total market capitalization of the cryptocurrency market continues to fall at a rapid pace. Another 0.84% drop was observed in the last 24 hours.
Crypto Prices on September 25: CRV, APT, AXS, and CFX Post Massive Gains as Market Continues to Volatility
Data from CoinMarketCap reveals that the total value has dropped to around $1.04 trillion. However, there are four tokens that have managed to hold their ground while the majority of the cryptocurrency market has lost value.
Curve DAO Token (CRV)
CRV maintained its weekly trend with a strong increase during the last 24 hours. According to CoinMarketCap data, the altcoin’s price increased 8.11% over the course of the previous trading day. However, at the time of writing, its 24-hour price was down 0.64%. Still, despite this drop, the CRV token managed to stay in the green all day long, trading at $0.5187.
CRV was trading under the $0.5140 resistance mark from a technical perspective. Earlier in the day’s trading session, it had overcome this barrier to rise as high as $0.5336, but it has since fallen back to trade at present level. Although there had been a small decline today, the price of the altcoin remained above the $0.4958 level of the 50-day EMA line. In the last 48 hours, the 9-day EMA line has noticeably moved above the 20-day EMA line. It was implied by this that buyers had gained short-term momentum.
Aptos (APT)
APT, the 34th-largest cryptocurrency project by market size, saw a gain of 3.67% over the previous day. The cryptocurrency’s weekly performance was also able to exit negative territory thanks to this outstanding daily performance. APT, therefore, gained 3.51% over the previous week. The price of APT increased to $5.50, according to the most recent pricing change.
APT was trying to exit a downward price pattern that had developed on its chart over the previous few weeks. If it closes today’s daily candle above this downward price channel, it might then continue to advance over the coming week to the next resistance level at $6.1635.
Axie Infinity (AXS)
AXS was trading at $4.58 as of the time of writing, up 1.07% from the previous trading day. Similar to APT, this daily performance improvement was sufficient to lift the cryptocurrency’s weekly performance out of the red. AXS then gained 0.17% throughout the course of the previous week.
On the AXS/USDT daily chart, a triangle had developed that was symmetrical. This pattern on the chart indicates that a price breakout might occur shortly. AXS could break below the next support level at $4.55 if this movement is downward. The altcoin’s price might then fall to $4.05 within the ensuing two weeks. On the other hand, a successful breakout might push AXS up to the $5.20 resistance level. If AXS can continue to trade above the $4.55 level, that could serve as an early sign of the direction in which it might break.
Conflux (CFX)
The price of CFX increased by 1.56% over the previous day, marking gain for the currency. Because of this, the price of the cryptocurrency has increased to $0.1268. A 79.29% increase in CFX’s 24-hour trading volume was experienced in addition to the price increase. CFX’s estimated daily volume was $14,809,882 at the time of writing.
Over the past three weeks, CFX has been consolidated between $0.1090 and $0.1400. On September 11, 2023, the altcoin’s price bounced off of the bottom level of this sideways channel, and it has since been moving upwards toward the higher level of the consolidation channel. It’s possible that CFX will try to challenge the $0.1400 level if the bullish momentum keeps up and the price rises during the coming days.
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