The cryptocurrency market has been slowly recovering over the past 24 hours, but some coins are currently outperforming Bitcoin.
The cryptocurrency market experienced huge losses over the weekend, with the total market cap now below the $1.5 trillion mark.
However, the market has been slowly recovering over the past 24 hours, with the major coins currently trading in the green zone. Bitcoin, the world’s leading cryptocurrency, is up by more than 8% in the last 24 hours and is currently trading at $37k per coin.
Despite that, some leading cryptocurrencies have outperformed Bitcoin over the past few hours. Solana, Avalanche, NEAR Protocol, Decentraland and VeChain have added double digits to their value in the last 24 hours.
Key levels to watch
The SOL/USD 4-hour chart is currently bullish, as Solana has added more than 10% to its value so far today. The technical indicators show that SOL is currently performing well.
SOL’s MACD line is still below the neutral zone but is slowly rising as the cryptocurrency recovers from its recent slump. The RSI of 58 shows that SOL is out of the oversold region and could rally higher soon.
AVAX is another cryptocurrency that is currently outperforming Bitcoin after adding 17% to its value so far today. The AVAX/USD 4-hour chart is also bullish, thanks to the coin’s latest performance.
The MACD line is above the neutral zone, despite Avalanche recently losing its place as one of the top ten cryptocurrencies by market cap. The RSI of 49 shows that AVAX is just getting out of the oversold territory.
The NEAR/USD 4-hour chart is also one of the most bullish charts in the market at the moment. NEAR has added more than 18% to its value in the past 24 hours and is currently trading at $11.7 per coin.
The MACD line just crossed the neutral zone, while the RSI of 67 shows that NEAR could soon enter the oversold region if the rally continues.
MANA, the native token of the Decentraland platform, is also rallying after adding more than 13% to its value so far today. At press time, MANA is trading at $2.10 per coin.
The MACD line has crossed the neutral zone thanks to the ongoing rally. Meanwhile, the RSI of 60 means that MANA could soon enter the overbought region if the rally continues.
Finally, VET, the native coin of the VeChain blockchain, is up by more than 13% in the last 24 hours. The VET/USD 4-hour chart is currently bullish as VET trades at $0.05 per coin.
VET/s RSI of 63 shows that the coin could soon enter the overbought region if the bulls remain in control of the market. The MACD line is now above in the positive territory thanks to the ongoing rally.