The latest bullish appraisal was indicative of the fact that the downturn in the crypto-market was short-lived as the collective market cap sprung to $180 billion. Unfortunately for the bears, a continuation of this upward momentum could potentially help recover the substantial losses incurred by many of these coins during the 12 March market crash, especially in the case of Alts like Tezos, Augur, and FTT.
In a recent development for the Tezos ecosystem, the token XTZ was recently listed on the crypto-exchange Poloniex. On its price side, however, the token failed to maintain an upward movement and despite a bullish streak in the early days of 2020, XTZ collapsed to $2.00-level. However, the latest rally did drive the price closer to its resistance level.
At press time, Tezos’s price stood at $1.59, while holding a market cap of $1.12 billion. Additionally, the token registered a trading volume of $90.05 million after surging by 4.21% over the last 24-hours.
Resistance: $2.57, $3.18
Support: $1.23, $0.76
MACD: The signal line hovering below the MACD indicated a bullish phase for the coin.
Chaikin Money Flow: The CMF also noted an upward movement towards the bullish zone.
Augur recently announced the fork of MolochDAO, which is focused on funding the development of Ethereum 2.0, to create OracleDAO. This DAO is essentially a smart contract that aims to coordinate efforts to build tools and market Augur, and its token REP.
Augur [REP] was also enjoying the latest price movement as it was up by a whopping 6.67% which drove its price to $10.34. At press time, the coin had a market cap of $113.7 million and registered a 24-hour trading volume of $42.23.
Resistance: $12.75, $17.28
Parabolic SAR: The dotted markers were below the Augur price candles which was indicative of a bullish trend.
Awesome Oscillator: The AO indicator also depicted a bullish price trend for the coin with its green closing bars.
FTX Token [FTT]
The recent price action of the crypto-platform FTX’s native token, FTT, has not been very impressive. One of the factors was speculated to be Binance delisting all leveraged tokens linked to the FTX Exchange.
However, following the latest market rally, FTT token was also up by 6.99%, propelling its coin to climb to a value of $2.41. At press time, the token held a market cap of $230.4 million and a 24-hour trading volume of $3.34 million.
Klinger Oscillator: The KO line above the signal line suggested a bullish flip for the token in the near-term.
RSI: RSI spiked from the oversold zone to the 50-median neutral zone, meaning a revival of interest among the investors in the FTT market.