The cryptocurrency market has been slowly recovering over the past 24 hours, but some coins are outperforming Bitcoin.
The cryptocurrency market took huge losses over the weekend, with the total market cap now below the $1.5 trillion mark.
However, the market has been slowly recovering over the past 24 hours, with major currencies currently trading in the green zone. Bitcoin, the world’s leading cryptocurrency, is up over 8% in the last 24 hours and is currently trading at $37,000 per coin.
Despite this, some leading cryptocurrencies have outperformed Bitcoin in recent hours. Solana, Avalanche, NEAR Protocol, Decentraland and VeChain have added double digits to their value in the last 24 hours.
Key levels to watch
The SOL/USD 4-hour chart is currently bullish as Solana has added over 10% to its value so far. Technical indicators show that SOL is performing well.
The SOL MACD line is still below the neutral zone but is slowly rising as the cryptocurrency recovers from its recent dip. The RSI of 58 shows that the SOL is out of the oversold region and could rise soon.
AVAX is another cryptocurrency that is currently outperforming Bitcoin after adding 17% to its value so far. The 4-hour chart AVAX/USD is also bullish, thanks to the coin’s latest performance.
The MACD line is above the neutral zone, despite Avalanche having recently lost its spot as one of the top ten cryptocurrencies by market cap. RSI of 49 shows that AVAX is exiting oversold territory.
The 4-hour chart NEAR/USD is also one of the most bullish charts on the market right now. NEAR has added over 18% to its value in the last 24 hours and is currently trading at $11.7 per coin.
The MACD line has just crossed the neutral zone, while the 67 RSI shows that NEAR could soon enter the oversold region if the rally continues.
MANA, the native token of the Decentraland platform, is also rallying after adding more than 13% to its value so far. At press time, MANA is trading at $2.10 per coin.
The MACD line has crossed the neutral zone thanks to the ongoing rally. Meanwhile, RSI of 60 means MANA could soon enter the overbought region if the rally continues.
Finally, VET, the native currency of the VeChain blockchain, has increased by over 13% in the last 24 hours. The 4-hour chart VET/USD is currently bullish, with VET trading at $0.05 per coin.
VET/s RSI of 63 shows that the currency could soon enter the overbought region if bulls remain in control of the market. The MACD line is now above the positive territory thanks to the ongoing rally.
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