The broader altcoin market changed its trajectory to green after the market leader Bitcoin rose above its previous ATH and surpassed the $ 60,000 level at the time of writing.
Source: CoinStats
Altcoins FTT and DCR, which were already close to their respective highs, received some extra impetus in their move north. Up the crypto ladder, XLM was able to see a break in its current channel thanks to the aforementioned bullish sentiment.
Stellar lumens [XLM]
Source: XLM / USD, TradingView
Bullish sentiment increased in the Stellar Lumens market thanks to strong suggestions from the market leader, Bitcoin. The price changed to green at the time of writing, while trading volumes were north of the $ 1 billion mark.
Positive indicators have certainly led XLM to surpass its current $ 0.46 ceiling. THE MACD was close to a bullish cross, while the RSI pointed north around the 50 mark. A rise above the current channel would present the next challenge in the $ 0.52 resistance and signal a move away from a channel in which XLM has been trading for more than two weeks.
FTX Token [FTT]
Source: FTT / USD, TradingView
While the FTX token saw some stirring movement above the $ 35 level, a higher close in the last trading sessions saw the price being traded on its newest ATH. THE OBV formed higher lows and showed buying strength behind the upward trend. Meanwhile, the Incredible oscillator changed to green at the time of this writing and denied a low twin peak configuration.
The next sessions are likely to see the FTT continue to reach more recent record levels on the charts, considering an acceleration in the wider crypto market as well.
Decreased [DCR]
Source: DCR / USD, TradingView
Decred, the cryptocurrency modeled to combat the scalability problems that plagued the king’s currency, traded at a record of more than $ 177. DCR’s strong correlation with Bitcoin was an added advantage for its current 2021 bull run, which has recorded gains of more than 360% since the beginning of the new year.
THE Parabolic SAR dotted markers switched sides and moved below candlesticks, signaling the continuation of an upward trend. THE Stochastic RSI pointed to the north of the neutral zone. An increase above the $ 180 mark was certainly a possibility, except for a retreat in the broader market.
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