Today the digital asset sector has experienced quite a volatile day, with the whole of the market having observed a 3% sharp decline over the past twenty-four hours. In market corrections affecting major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), and Chainlink (LINK), considerations have been made on the possible catalysts for these downsides.
did show a brief moment of resilience but still recorded an almost 3% fall from its previous session, changing hands at $61,035.66 around noon time. This trend was also witnessed in other leading altcoins such as Ethereum, Tether, Dogecoin, Avalanche, and Shiba Inu which depreciated by up to 2.5%. However, altcoins including Solana, XRP, Toncoin, Cardano, and Tron gained up to 2%, demonstrating diverse movements across crypto space indicating global financial markets’ dynamics and shifts in investor sentiment.
While broader pullbacks are being observed in markets, some assets like zkSync(ZK),Conflux(CFX)and UNUS SED LEO(LEO) have displayed resilience hence they are among top gainers.
zkSync(ZK)
ZkSync has become today’s leading gainer exhibiting strong bullish movement in its price developments. The four-hour chart shows a rally from near $0.175 towards $0.1842’s peak level.This is supported by a bullish RSI that is above level fifty implying strong buying momentum.