The past few days have illustrated Bitcoin’s dominance over the rest of the crypto market. Before BTC broke through the $ 53,000, $ 54,000 and $ 55,000 levels, it was consolidating between $ 50k and $ 52k. However, while this is a healthy consolidation, many altcoins did not think so, with Tezos and BATs fixing on the charts soon. Dash was an exception, however, with the privacy room continuing to climb.
It’s been a bizarre few weeks for Tezos. While XTZ recently moved to a new ATH due to the uptrend in the general market, the cryptocurrency was ranked very low at # 25 on the CoinMarketCap charts. In fact, soon after said ATH was hit, corrections set in and, coupled with the containment of Bitcoin within a set trading range, XTZ fell.
In the past few days, however, Tezos appeared to have recovered, with the cryptocurrency rising 15% in the past three days. With the world’s largest cryptocurrency now valued at over $ 55,000, XTZ is likely to see more price.
While the Parabolic SAR the dotted markers were well below candle prices and underscored market optimism, the Chaikin Money Flow was well above 0.10, a sign of a surge in capital inflows.
Tezos was in the news recently after announcing the Edo upgrade, three months after the Delphi upgrade.
Basic attention token [BAT]
The Basic Attention Token, the native Brave browser crypto, like most others, has caught on in recent times. In fact, since the start of the year alone, the crypto has gone from a value of $ 0.22 to $ 0.60. Like Tezos, as BAT hit a local high a week ago, corrections quickly followed, before market momentum pushed the alt higher in the charts again.
It should be noted, however, that BAT’s press time price point was still far from its $ 0.95 ATH.
While the Bollinger bands widened to highlight price volatility, the Awesome oscillator projected bullish momentum, despite some flashes of red on the histogram.
Dash, one of the market’s leading privacy coins, has increased exponentially in price charts over the past week. Unlike the rest of the market, Dash’s performance for most of 2021 has been lukewarm at best. The last 7 days, however, have been something of an anomaly, with the privacy-centric cryptocurrency rising by over 92% during the week.
The bullish trend of the coin market has been underscored by the crypto technical indicators, as the MACD the line was well above the signal line on the charts, the relative strength index remained in the overbought zone.
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