Crypto News – Over the past 24 hours, there has been a small recovery in cryptocurrency prices. The market capitalization of all cryptocurrencies increased by 0.21% over the previous trading day, according to statistics from CoinMarketCap. However, the market capitalization remained around $1.04 trillion.
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Among the coins that had a 24-hour rise were Maker (MKR), 1Inch Network (1INCH), and Loom Network (LOOM). While this was going on, MoonBeam (GLMR), which broke from the general cryptocurrency market trend, was able to appear on CoinMarketCap’s trending list.
Maker (MKR)
MKR’s price rose to $1,333.01 after seeing a 24-hour increase of 4.24%. MKR saw an uptick in its daily trading volume in addition to a price increase. The 24-hour trading volume for MKR was $80,558,027 at the time of writing, up 63.76%.
The daily RSI line surpassed the daily RSI SMA line over the last 24 hours. On the daily chart of MKR, this sizeable bullish technical flag implies that buyers have taken the initiative. The price of the altcoin could increase in the upcoming days if this technical signal is confirmed.
Moonbeam (GLMR)
During the last 24 hours, GLMR‘s price fell by 5.77%. As a result of this most recent price dip, according to statistics from CoinMarketCap, the cryptocurrency’s price was $0.2282. In particular, the trading volume for GLMR increased by 395.25% on the previous day. But there has also been a 31.69% decline in trading volume as of this writing.
Technically, GLMR was trading between the important support level of $0.2240 and the resistance level of $0.2515. It’s interesting to note that during today’s trading session, the altcoin already broke through both of these milestones. Thus, the price of GLMR could change in any direction.
Loom Network (LOOM)
After posting a remarkable 24-hour rise of 8.73%, LOOM was among the market’s top performers. Consequently, at the time of writing, the alternative coin was trading at $0.1141. This exceptional daily performance continued LOOM’s outstanding weekly performance. Thus, over the last seven days, LOOM had a growth rate of 143.67%.
The previous record for LOOM was $0.12697 on September 23, 2023, and it was surpassed earlier today when it rose to $0.13131. The altcoin’s value dropped after that. However, the alternative coin was still trading above the critical $0.11380 level as of the writing date. LOOM may be in danger of dropping below the next crucial milestone, $0.07800, during the next few days if it breaches this benchmark during today’s trade.
1inch Network (1INCH)
As reported by CoinMarketCap, 1INCH was down 0.17%. At the time of writing, the price of this token was $0.2625. A 24-hour peak of $0.2696 was reached by the alternative coin, but it has now retraced to trade at this price. Nevertheless, despite this pullback, 1INCH was still trading near its daily high.
The 1INCH price printed a second higher low during yesterday’s trading session, and a bullish trend line has developed on the 1INCH daily chart since then. 1INCH may likely surpass the $0.2895 resistance level if the upward trend visible on the altcoin’s daily chart persists in the coming weeks.
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