Crypto Price Today Mar 12th: Mina and Trust Wallet Token Rose 6%, While Bone ShibaSwap and BinaryX showcased a 5-7% loss
Crypto price today Mar 12th: the FUD surrounding the crypto market increased significantly in the second week of March 2023. As a result, a majority of major crypto coins lost crucial support ground and showcased a prolonged correction. Amid this bearish sentiment, the following tokens have shown the highest price change in the last 24 hours.
As of 8:17 am on Sunday, the global cryptocurrency market capitalization has surged 2.02% since yesterday and is now moving around $947.97 Billion. However, there has been a noteworthy decline of 47.5% in the total crypto market volume, which is currently valued at $52.2 billion.
Mina(MINA)
Source-Tradingview
The ongoing correction in MINA coin price has recorded a 53% decline within a month. The V-top reversal has nearly evaporated the January and Mid-February gains and plunged the prices to a low Fibonacci retracement level of 0.786
However, today, the coin price rebounded 0.786FIB support at $0.6 and triggered a bullish reversal. The MINA price currently trades at $.6366 showcasing a 6.2% rise since yesterday. If the buying persists, the buyers may retest following resistance of $0.737 and $0.8.
Trust Wallet Token(TWT)
Source-Tradingview
On March 11th, the Trust Wallet Token rebounded from the support trendline of the falling channel pattern. Within the channel, a bullish reversal is a temporary pullback to retest the overhead trendline and recuperate the bearish momentum.
However, in theory, this pattern mostly encourages the asset price to trigger a strong directional rally upon the breakout of the resistance trendline. Thus, the TWT price potential breakout from the overhead trendline will signal an early sign of trend reversal and may push to the $1.84 mark.
Also Read: What Is Regenerative Finance (Refi) And Who Is It For?
BinaryX
Source-Tradingview
The ongoing downfall in BNX price gradually turning sideways indicates a weakening of bearish momentum. Moreover, the RSI indicator which reflects the strength in a price trend rising upwards accentuates the buyers wrestling with sellers for trend control.
The BNX price is currently trading at $0.58, with an intraday loss of 1.19%. The resulting sideways trend will offer buyers an opportunity to accumulate and drive the coin price higher.
Bone ShibaSwap
Source-Tradingview
The BONE coin price currently trades at $1.51 with an intraday loss of 6%. If the selling pressure in the crypto market rises, this altcoin may plunge 16.6% down to revisit the $1.3 support.
This $1.3 level is a strong monthly which could assist buyers to recuperate the bullish momentum and maintain an overall uptrend.
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