Altcoins News

Story: Cryptocurrencies are starting their journey to recovery…or are they?

By Sydney TheCMO

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The cryptocurrency market experienced a notable uptick in the last 24 hours as prices recovered from the previous bearish downturn.

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Unfortunately, the markets are still on edge and have barely recovered from the FUD responsible for the previous week's losses.

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Bitcoin is still struggling to get back above $40,000, but the good news is that its price rallied in the last 24-hours, reaching a high of $39,920.

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Although there was substantial buying during the dip, the price remains subdued, perhaps because the market is still in the FUD phase.

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Ethereum is up more than 3% in the last 24 hours after bottoming out at $1728 on Sunday. Its performance in the last 24 hours indicates a substantial pullback that sent the price…

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Ether’s latest price action indicates that it found support near the $1800 price level. The stochastic RSI indicates that it is still in the oversold zone, while the recent…

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XRP has also recovered slightly after suffering a significant dip in the recent bear market. However, its price is up more than 2.

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XRP’s huge crash was related to the recent judicial ruling favoring the SEC in their court battle.

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Polygon is one of the projects currently contending to become the defacto Ethereum scaling solution, and its native token called MATIC has experienced strong growth so far this…

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MATIC gained support at the $0.74 price level, and its strong pullback seems to have found resistance at $1.

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ETC is back above $70 after rallying by more than 15% in the last 24 hours. The cryptocurrency bounced back strongly after tanking to a weekly low of $39.79 on Sunday.

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ETC is still a long way off from its 2021 high of 179.83, but the recent bounceback is a good sign.

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The crypto market experienced some recoveries in the last 24 hours, which might signify that the recent bearish run has bottomed out.

The Currency Analytics

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