PEPE shows solid bullish momentum with an over 20% price increase.

BSV gains investor interest, up 4.71% in 24 hours.

KAVA experiences bullish dominance, hits 7-day high at $1.05.

According to CoinMarketCap, the top three gainers in the previous 24 hours have been Pepe (PEPE), Bitcoin SV (BSV), and Kava (KAVA).

PEPE/USD

Early on, bears dominated the Pepe (PEPE) market, effectively lowering the price to a 24-hour low of $0.000001504, where support was formed. However, as support was achieved, bulls reclaimed market dominance, driving the PEPE price to a 24-hour high of $0.000001881 (resistance). Bullish dominance was still strong at the time of publication, resulting in a 21.00% increase to $0.000001836.

During the recovery, PEPE’s market capitalization and 24-hour trading volume increased by 20.98% and 35.58%, respectively, to $717,558,554 and $272,878,909, respectively. 

If bullish momentum breaks through the 24-hour high of $0.000001881, the next possible resistance level might be $0.000002000. However, if the bears regain market dominance and break the $0.000001504 support level, the next probable support level might be around $0.000001300. 

PEPE/USD 24-hour price chart (source: CoinMarketCap)

BSV/USD 

Despite a gloomy start that saw the Bitcoin SV (BSV) price fall to an intraday low of $33.13, it has managed to rank second on the list of top gainers. 

Bulls reclaimed control of the BSV market, driving the price to a 24-hour high of $35.95 before encountering resistance. At the time of publication, BSV was trading at $34.87, up 4.71% from its previous close.

BSV’s market capitalization and 24-hour trading volume climbed by 4.79% and 85.80%, respectively, to $671,736,591 and $85,991,702. This spike reflects a considerable increase in investor interest in BSV, which has resulted in its inclusion on the top three gainers list.

BSV/USD 24-hour price chart (source: CoinMarketCap)

KAVA/USD 

On the list of the top gainers on CoinMarketCap, Kava (KAVA) comes in third place. As a result, bulls pushed the KAVA price from a 24-hour low of $0.9934 to a new 7-day high of $1.07, where resistance remained firm. Despite opposition, bulls continued to dominate the KAVA market at press time, resulting in a 4.18% increase to $1.05.

The market capitalization of KAVA increased by 4.49% to $555,719,702, demonstrating investors’ optimistic solid attitude. 

However, the 24-hour trading volume fell 42.45% to $45,751,997, indicating that traders may be taking gains after hitting the 7-day high. 

KAVA/USD 24-hour price chart (source: CoinMarketCap)

In conclusion, Pepe, Bitcoin SV, and Kava experienced significant gains in the past 24 hours, demonstrating bullish momentum and increased investor interest.

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Filed under: Bitcoin - @ May 20, 2023 9:42 pm