CandleFocus Why Is the Crypto Market Up Today?
2024-10-28
Author: Content Editor
The total crypto market cap and Bitcoin are in need of stronger bullish signals to move higher. MANTRA has unexpectedly emerged as the best performer of the day with a 12% increase. The total market cap is aiming to establish $2.29 trillion as a solid support level, which could boost market confidence and lead to further rallies. Bitcoin needs to secure $68,248 as a stable support floor to potentially rise to $70,000 and beyond. OM, on the other hand, is showing signs of recovery after a period of decline and is positioned to attract investors looking for sustained upward momentum. It currently holds above a critical support level and could reach or surpass its all-time high if the upward trend continues. However, a loss of support could invalidate the bullish outlook for OM.
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