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Synthetix, Bitcoin SV spark uptrend as Lisk’s bullish movement stalls

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At the time of writing, the collective market cap of cryptocurrencies stood at $190.2 million. However, the latest uptick in the same was prompted by Bitcoin’s recent bullishness, with many of its peer altcoins following suit and recording positive price movements of their own.

Bitcoin SV [BSV]

Source: BSV/USD on TradingView

As the BSV halving nears, conversations surrounding BSV’s hash rate and talk of miners moving to Bitcoin engulfed the ecosystem, especially after fork coin continued to hover in troubled waters.

At press time, Bitcoin SV was priced at $177.7 after it held a market cap of $3.26 billion and a 24-hour trading volume of $2.13 billion. Additionally, BSV was down by 1.91% over the last 24-hours.

Resistance: $251.9, $314.5

Support: $81.64

MACD: The signal line moving below the MACD line indicated a bullish phase for the coin.

CMF: The CMF also suggested a positive trend for the coin’s price movement as it stood in bullish territory.

Synthetix Network [SNX]

Source: SNX/USDT on TradingView

The popular DeFi platform and the parent company of the SNX token, Synthetix, was gearing up for a wide range of product offerings such as equities, ETFs, and indices, among other things.

On the price side, at press time, the coin held a market cap of $117.5 million, with a trading price of $0.664. It was down by 2.75% over the past 24-hours, with its trading volume falling down to $1.491 million. However, its technical indices were positive.

Resistance: 1.208 USDT, 1.53 USDT

Support: 0.37 USDT

Klinger Oscillator: The KO line above the signal line pointed towards a potential bullish phase for the coin in the near-term.

Awesome Oscillator: The closing green bars were also indicative of a bullish price trend in the market.


Source: LISK/USD on TradingView

This utility token which operates under Delegated Proof-of-Stake [DPoS] recorded an impressive rally at the beginning of the year. However, LSK underwent severe correction, a development that led to the breach of significant support levels.

At press time, LSK was trading at $0.37 as it held a market cap of $120 million. The token registered a trading volume of $4.14 million and a decline of 3.40% over the last 24-hours.

Resistance: $1.46, $1.14

Support: $0.978

Parabolic SAR: The dotted markers above the LISK price candles depicted a bearish picture for the coin.

RSI: The RSI appeared to be heading towards the 50-median neutral after hovering in the oversold region for the most part.


Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.
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