Doge coin's price gained 4% within the daily timeframe to reclaim the $0.40 territory.
With selling pressure in decline, on-chain signals suggest DOGE bulls could set sights on a breakout to $0.50.
With 7.5% in gains, Akash Network (AKT) emerged as one of the top performers, breaking past $4 on Tuesday.
Akash Network (AKT) price action | November 19, 2024
This marks a major milestone for AKT, as its market capitalization has now crossed $1 billion.
Why Akash network (AKT) price is going up today
Market reports suggest the AKT token rally could be attributed to growing speculative demand ahead of NVIDIA’s earnings call slated for November 20.
Notably, the crypto AI and big data sectors attracted a significant demand surge when NVIDIA outperformed revenue estimates during each of its last four earnings calls dating back to October 2023.
Hence, AKT’s 7.5% surge could advance toward the next psychological resistance at $5, as strategic traders seek to front-run potential gains if NVIDIA exceeds market expectations for its fifth consecutive quarter on Wednesday.
In the Solana memecoin sub-sector, BONK and newly launched PNUT dominated the charts, scoring 8% and 5% daily timeframe gains, respectively.
Chart of the day: Bitcoin bears mount $1.6B leverage to prevent $95K breakout
Bitcoin price bounced 4% to hit a new all-time high of $93,816 on Tuesday after NASDAQ launched options trading for BlackRock’s iShares Bitcoin ETF (IBIT).
However, derivatives market data shows bear traders remain resilient and are actively increasing leverage on short positions.
This move could potentially prevent BTC's price from advancing above the $95,000 milestone.
The Coinglass chart below depicts the volume of leverage deployed within the +/- 20% boundaries of Bitcoin’s current prices.
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