The crypto market has taken another step further today, in its consolidation phase.
We have the total crypto market cap, up by around 0.35%, and the total crypto market cap sitting at around $1.97 trillion over the last day.
We can see this market consolidation clearly in the total heatmap. As shown below:
So far, we have Bitcoin maintaining its ground above $50,000, and a dominance of more than 51%.
In terms of liquidations, Somehow, the bulls continue to suffer the worst of it.
The market has lost around $186 million to liquidations over the last day, with the bulls suffering the worst of it around $127 million as shown in the snapshot above.
Overall, we can conclude that the crypto market is still consolidating, the bulls are divided as to whether prices should continue upward or should consolidate further, hence the massive liquidations.
Bitcoin Reattempts $52,000
According to the charts, Bitcoin is making another attempt at the $52,000 zone and currently trades at around $51,800 at the time of writing.
Bitcoin currently trades solidly above the $50,000 zone.
Aside from the incoming bearish crossover on the daily chart's RSI, Bitcoin doesn't seem to be showing any particular tendencies of breaking below this price level.
Overall, the RSI is starting to normalize, which is a step up from the highly overbought conditions it sat at only a few days ago.
Any pullbacks from here are completely normal, and Bitcoin remains bullish on the medium to long-term perspectives.
Ethereum’s Consolidation Under $3,000
Today marks the third day since Ethereum “almost” broke and closed above $3,000.
According to the charts above, the cryptocurrency has formed what appears to be an evening star candlestick pattern with the three candlesticks since 20 February.
This indicates that the bulls are running out of time.
If we do not see a sustainable break above this $3,000 zone soon, the cryptocurrency is likely to retest its 20-day EMA somewhere around $2,721.
Enter The Graph (GRT)
The Graph is currently one of the best-performing assets on Binance over the last day and week, as shown by the chart below:
As shown by the chart snapshot above, the cryptocurrency started to rally after breaking above the $0.2256 resistance for the first time since breaking below in May 2022.
The graph now stands at the highest price level it has been in nearly two years, and we might be seeing a retest of $0.35 or higher, after a consolidation from anywhere around here.
Worldcoin Is Back In Action
Worldcoin broke above its previous all-time high around 18 February, hit the $8 zone and entered a consolidation after this.
After a brief pullback to around $6, the cryptocurrency has now registered a 19% price gain and is trading at around $8.4 at the time of writing.
The cryptocurrency appears poised to continue further upwards and is likely to hit $9.5 or even higher before the coming week.
Should You Bet On SingularityNET (AGIX)?
Just like The Graph, AGIX has just broken above a strong resistance point.
The cryptocurrency broke above the $0.6 zone on 21 February and has been reaching higher highs ever since.
We can expect a consolidation in the cryptocurrency anywhere between $0.7 and $0.6.
However, overall, the psychological $1 resistance remains a strong price target for the cryptocurrency sooner or later.
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