Crypto Price Today Mar 1st: SingularityNET and Maker Coin Jumps 17% While EGLD Shows a 2% drop

Crypto Price Today Mar 1st: The market leader Bitcoin has been sideways for the first half of this week, creating a sense of uncertainty among market participants. However, despite this consolidation phase which limited growth in several crypto coins, a few have shown strong movement. Thus, today we will analyze these altcoins to determine their future potential.

As of 7:26 am on Wednesday, the global cryptocurrency market capitalization is at $1.08 trillion, which is 1.04% up compared to the previous day. Moreover, the 24-hour trading volume for the cryptocurrency market is $48.72 Billion, projecting a 5.11% growth over the same period. 

SingularityNET(AGIX)

Source- Tradingview

On February 28th, the AGIX price gave a massive breakout from the $0.48 resistance of a ten-days-long consolidation phase. After a significant retest to the breached resistance, the buyers drive the coin price 20.6% higher where it currently trades at the $0.54 mark.

If the SingularityNET coin gave a bullish breakout from the $0.547 resistance, the holders can expect a further price rally to the $0.6 psychological resistance.

Maker(MKR)

Source- Tradingview

Over the past six weeks, the MKR price has been rising under the influence of a rising channel pattern. However, today, the coin price witnessed a significant inflow and shows a 17% intraday jump.

The bullish candle breached the resistance trendline of the channel pattern indicating the bulls are more aggressive. A daily candle closing above the trendline will offer buyers a suitable footing which could drive the prices to the next supply zone of the $1010 mark.

Aptos(APT)

Source- Tradingview

The ongoing correction in Aptos coin rebounded from the 0.5 Fibonacci retracement level with a strong bullish engulfing candle. Today, the coin price is 12.15% up and currently trades at $13.3.

This bullish reversal hints that market participants are interested in buying those dips. A bullish breakout from the $13.8 immediate resistance will offer additional confirmation for the APT price to continue the prior recovery rally. 

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MultiversX(EGLD)

Source- Tradingview

Amid the recent correction in the market, the EGLD price turned down from the $54.8-$54.2 resistance and tumbled 13% to retest the $47.2-$46.5 support. Today, the coin price trades at $48.4 with an intraday gain of 0.75%, hovering above the aforementioned support which was also the neckline of an inverted head and shoulder pattern.

If the coin price manages to sustain above this $47.2, the buyers can rise 13% higher and attempt to surpass the $54.8 barrier.