The crypto market is showing a strong recovery after a weekend downturn. The total market cap has risen by 2.01% to $3.76 trillion, with most major cryptocurrencies posting gains. This rebound mirrors a positive shift in traditional markets.
While Bitcoin saw a modest 1% gain to $114,798, the real momentum is with altcoins. Mantle and Memecore led the top 100 with double-digit increases.
Ethereum is up 4.36% to $3,650, breaking past a key resistance level. Technical indicators suggest a strong bullish trend. Its Exponential Moving Averages (EMAs) show a solid foundation, with the 50-day EMA providing support around $3,200. The Average Directional Index (ADX) at 40 indicates a powerful uptrend, and the Squeeze Momentum Indicator suggests a potential explosive move to the upside. The Relative Strength Index (RSI) is at 60, meaning there's still room for growth before it becomes overbought.
XRP gained 2.83% to $3.04, holding above the crucial $3.00 mark. The coin's recent performance is fueled by speculation about a potential spot XRP ETF and regulatory clarity. Its technical setup is also bullish, with the ADX at 34 confirming a strong trend. The RSI at 53 shows healthy consolidation after its recent rally, suggesting a strong market that is digesting its gains.
Litecoin surged 8.72% to $119.11, outperforming its peers. The "digital silver" is benefiting from renewed institutional interest and ETF speculation. Its technical indicators are overwhelmingly bullish, with the ADX approaching the 25 threshold, which typically signals the start of a sustained uptrend. The EMAs show a bullish "golden cross," and the RSI at 68 indicates strong buying pressure without being in the overbought zone. The Squeeze Momentum Indicator suggests more upside is likely.
August 2025, Cryptoniteuae