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New York
June 22, 2024
Market Analysis

Bittensor (TAO), Kaspa (KAS), Dogwifhat (WIF) Rally Over 5% Despite Market Cool Off

Regardless of a cool-off in crypto market sentiment after the Bitcoin(BTC) value rally did not breach the $72,000 resistance, some cash have nonetheless been rallying. In line with CoinMarketCap knowledge, these prime three gainers have been Bittensor (TAO), Kaspa (KAS), and Dogwifhat (WIF).

Bittensor (TAO) 

The Bittensor (TAO) 24-hour value chart exhibits a big uptrend all through the day. The worth of TAO elevated by 10.92%, closing at $482.08. The development seems sturdy, with a number of greater highs and better lows. Amid this rally, there have been intervals of consolidation and pullbacks, indicating intraday volatility; nevertheless, bulls maintained an general upward trajectory.

TAO/USD 24 hour value chart (supply: CoinMarketCap)

Throughout the pullback, the $429.06 stage acted as a powerful help through the preliminary buying and selling hours. The worth examined this stage however didn’t break beneath it, suggesting sturdy shopping for curiosity at this value level. Concurrently, across the $450 stage, the worth confirmed consolidation and minor pullbacks, indicating it was intraday help the place patrons stepped in to forestall additional declines. 

TAO’s market capitalization and 24-hour buying and selling quantity rose by 12.72% and 17.30%, respectively, to $3,287,205,880 and $77,264,173. 

Kaspa (KAS)

Coming second on prime gainers, the Kaspa (KAS) chart shows an general uptrend for Kaspa (KAS) all through the day, with the worth rising by 6.76% to shut at $0.1419. The worth motion exhibits a sequence of upper highs and better lows, confirming the upward development. Throughout the rally, the $0.142 stage emerged as a resistance in the direction of the tip of the noticed interval. 

The worth examined this stage however initially struggled to interrupt by it, indicating sturdy shopping for stress. Subsequently, the $0.140 stage acted as an intermediate resistance, with the worth testing and pulling again from this level earlier than lastly breaching it. 

KAS/USD 24 hour value chart (supply:CoinMarketCap)

At press time, KAS was buying and selling at $0.142, a 7.89% surge from the intra-day low of $0.1319. This stage acted as a powerful help and was not breached, offering a base for the next upward motion.

KAS’s market capitalization and 24-hour buying and selling quantity additionally surged by 7.59% and 29.97%, respectively, to $3,367,627,455 and $63,756,657.

Dogwifhat (WIF)

Dogwifhat (WIF) got here in third on the highest gainers. The uptrend soared the worth to a 7-day excessive of $3.25, the place resistance was stiff. At press time, WIF was buying and selling at $3.01, a 5.69% surge from the intra-day low. 

Throughout the rally, the $3.10 stage emerged as resistance in the direction of the center of the noticed interval. The worth examined this stage however initially struggled to interrupt by, indicating excessive shopping for stress. Subsequently, the WIF intra-day low of $2.81 acted as sturdy help and was not breached, offering a base for the next upward motion.

WIF/USD 24-hour value chart (supply: CoinMarketCap)

With the bullish surge, WIF’s market capitalization and 24-hour buying and selling quantity jumped by 5.01% and 69.60%, respectively, to $3,009,382,787 and $1,379,890,348. 

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