Ethereum

Cryptocurrency

bullish

Cardano

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-shows-bullish-control-after-sharp-drop/" data-wpel-link="internal">Crypto Market Shows Bullish Control After Sharp Drop</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> showed bullish control after yesterday’s sharp drop. The total value of cryptocurrencies increased by 12.3% in the last 24 hours, reaching $1.99 trillion. In the same period, trading volume rose by 20.4% to $185.66 billion. These increases indicate a strong recovery performance in the cryptocurrency market.</p> 
<h2 style="text-align: justify" id="bitcoin-recovers-losses">Bitcoin Recovers Losses</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> (BTC) continued its rise in today’s session. A detailed analysis shows that Bitcoin’s price traded within Bollinger Bands after a significant downtrend, and the bands are starting to narrow.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377507 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-6.png" alt="" width="1600" height="800"></p> 
<p style="text-align: justify">This indicates decreased volatility. Bitcoin’s price remained below the 20-period SMA, showing a bearish trend. Meanwhile, Woodies CCI is at -11, indicating a bearish trend but approaching the 0 line, signaling a possible reversal. Bitcoin is trading at $54,851, up 8.4% in the last 24 hours.</p> 
<h2 style="text-align: justify" id="ethereum-increases-by-9">Ethereum Increases by 9%</h2> 
<p style="text-align: justify"><strong>Ethereum</strong> (ETH) continues its rise in today’s session. A detailed analysis shows that the Alligator Indicator’s jaws, teeth, and lips are opening downward, indicating a strong downtrend.</p> 
<p style="text-align: justify">On the other hand, the Volume Oscillator shows a significant decrease in volume, at -31.57. Ethereum is trading at $2,444, up 9% in the last 24 hours.</p> 
<h2 style="text-align: justify" id="ripple-and-cardano-rebound">Ripple and Cardano Rebound</h2> 
<p style="text-align: justify"><strong>Ripple</strong> (XRP) is among the winners in today’s session. A detailed analysis shows that the current Supertrend indicator is bearish, and the price is below the trend line.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377504 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ripple.png" alt="" width="1600" height="798"></p> 
<p style="text-align: justify">Meanwhile, ADX is at 44.77, indicating a strong trend. Ripple is trading at $0.5011, up 12.3% in the last 24 hours.</p> 
<p style="text-align: justify"><strong>Cardano</strong> (ADA) is also among the winners in today’s session. A detailed analysis shows that the current Supertrend indicator is bearish, and the price is below the trend line.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-377505 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ada.png" alt="" width="1600" height="805"></p> 
<p style="text-align: justify">Meanwhile, the Awesome Oscillator (AO) shows red bars, indicating bearish momentum. Cardano is trading at $0.3232, up 12.28% in the last 24 hours.</p> 
<h2 style="text-align: justify" id="binance-coin-price-review">Binance Coin Price Review</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/binance-coin-finds-support-at-key-level/" data-wpel-link="internal">Binance Coin</a></strong> (BNB) is also among the winners in today’s session. A detailed analysis shows that Binance Coin’s price is in the lower range of the Pitchfork channel, indicating a downtrend. Meanwhile, Woodies CCI is at 9.6, moving into the positive region, signaling a possible reversal. Binance Coin is trading at $473.98, up 14.69% in the last 24 hours.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-377503 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/binance-coin.png" alt="" width="1600" height="807"></p> 
<p style="text-align: justify">Overall, today’s session shows significant increases in the cryptocurrency market. Major cryptocurrencies like Bitcoin, Ethereum, Ripple, Cardano, and Binance Coin are showing strong performances.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-shows-bullish-control-after-sharp-drop/" data-wpel-link="internal">Crypto Market Shows Bullish Control After Sharp Drop</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-market-shows-bullish-control-after-sharp-drop/" data-wpel-link="internal">Crypto Market Shows Bullish Control After Sharp Drop</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Market Shows Bullish Control After Sharp Drop

Table of Contents

COINTURK NEWS

Other articles published on Aug 6, 2024

CMB Announced the First List of Cryptocurrency Exchanges: Which Exchanges Are on the List?

Coinbase and SEC Clash Over Document Subpoenas in Ongoing Legal Dispute

Ponzio The Cat Price Prediction: PONZIO Goes Ballistic With 32% Pump As This Olympic Games Meme C...

Binance Sees $1.2B Net Inflow Amid Market Downturn

SEC Rejects Coinbase’s Document Request

Compound Finance Faces Scrutiny After Controversial Proposal 289 Passes

Join our free newsletter for daily crypto updates!