Published 2 hours ago
Crypto Price Today Mar 1st: The market leader Bitcoin has been sideways for the first half of this week, creating a sense of uncertainty among market participants. However, despite this consolidation phase which limited growth in several crypto coins, a few have shown strong movement. Thus, today we will analyze these altcoins to determine their future potential.
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As of 7:26 am on Wednesday, the global cryptocurrency market capitalization is at $1.08 trillion, which is 1.04% up compared to the previous day. Moreover, the 24-hour trading volume for the cryptocurrency market is $48.72 Billion, projecting a 5.11% growth over the same period.
SingularityNET(AGIX)
Source- Tradingview
On February 28th, the AGIX price gave a massive breakout from the $0.48 resistance of a ten-days-long consolidation phase. After a significant retest to the breached resistance, the buyers drive the coin price 20.6% higher where it currently trades at the $0.54 mark.
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If the SingularityNET coin gave a bullish breakout from the $0.547 resistance, the holders can expect a further price rally to the $0.6 psychological resistance.
Maker(MKR)
Source- Tradingview
Over the past six weeks, the MKR price has been rising under the influence of a rising channel pattern. However, today, the coin price witnessed a significant inflow and shows a 17% intraday jump.
The bullish candle breached the resistance trendline of the channel pattern indicating the bulls are more aggressive. A daily candle closing above the trendline will offer buyers a suitable footing which could drive the prices to the next supply zone of the $1010 mark.
Aptos(APT)
Source- Tradingview
The ongoing correction in Aptos coin rebounded from the 0.5 Fibonacci retracement level with a strong bullish engulfing candle. Today, the coin price is 12.15% up and currently trades at $13.3.
This bullish reversal hints that market participants are interested in buying those dips. A bullish breakout from the $13.8 immediate resistance will offer additional confirmation for the APT price to continue the prior recovery rally.
Also Read: Top 5 NFT Game Development Companies You Need To Know About
MultiversX(EGLD)
Source- Tradingview
Amid the recent correction in the market, the EGLD price turned down from the $54.8-$54.2 resistance and tumbled 13% to retest the $47.2-$46.5 support. Today, the coin price trades at $48.4 with an intraday gain of 0.75%, hovering above the aforementioned support which was also the neckline of an inverted head and shoulder pattern.
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If the coin price manages to sustain above this $47.2, the buyers can rise 13% higher and attempt to surpass the $54.8 barrier.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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