- SHIB bulls defy bears with a 0.28% rise, showcasing resilience in adversity.
- BONE struggles as bears dominate, emphasizing the importance of resistance levels.
- BAD’s bearish momentum indicates potential profit opportunities for short-term traders.
A variety of cryptocurrencies is capturing the attention of the crypto community. These tokens, including SHIB, BONE, BAD, and LEASH, have witnessed diverse price fluctuations in the last 24 hours. While SHIB has seen bullish momentum and a modest price rise, BONE and other tokens have grappled with bearish trends.
Despite efforts by bears to push down Shiba Inu (SHIB) prices, the bulls managed to take control of the market in the past 24 hours, resulting in a price surge from a low of $0.000007568 to a high of $0.000007701 for the day. This upward momentum led to a noteworthy 0.28% increase in SHIB’s price, reaching $0.000007645 at the time of this update.
Additionally, SHIB’s market capitalization increased by 0.28% to $4,516,897,678, while its 24-hour trading volume decreased by 17.86%, reaching $92,888,786.In contrast, the BONE market struggled to gain control over the past 24 hours. Despite their efforts, BONE bulls could not surpass the $0.0177 resistance level.
Consequently, bears have taken control of BONE, leading to a price drop to an intraday low of $0.014. At the time of writing, BONE’s price had decreased by 4.92% to $0.01539 due to the ongoing bearish trend.
BAD/USD also experienced a price decline, dropping by 3.39% to $0.000007679 at the time of this update. With no signs of bullish momentum returning, bears are expected to continue to dominate the BAD market. The Keltner Channel bands indicate strong bearish momentum for BAD, with the upper band at 0.00000008816 and the lower band at 0.00000007577.
This move suggests that traders anticipate a further decline in BAD’s price, offering short-term traders an opportunity to profit. In the LEASH market, despite efforts by bullish traders to push prices to an intraday high of $352.36, bears have prevailed over the past 24 hours, driving prices down to an intraday low of $339.13.
Due to this persistent bearish trend, LEASH’s price had decreased to $346.57 at the time of writing, reflecting a $339.13 decline. Additionally, LEASH’s market capitalization and 24-hour trading volume decreased by 1.11% and 77.74%, respectively, indicating investor caution and uncertainty as they monitor the market for signs of recovery before making significant investments.
In conclusion, the bulls stand firm in SHIB as BONE faces an uphill battle, and BAD offers short-term profit potential. Meanwhile, LEASH confronts persistent bearish pressure. Traders should stay vigilant and seize opportunities in this dynamic market landscape.
