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Why Is The Crypto Market Up Today?

The total crypto market cap (TOTAL) and Bitcoin (BTC) are slightly up over the last 24 hours. Enjoying this momentum are the altcoins, which are noting gains, akin to Canton (CC), currently up 18%.

In the news today:-

The Crypto Market Holds Above Support

The total crypto market capitalization is currently at $2.93 trillion, up $4.7 billion over the last 24 hours. This upward move points to a potential short-term stabilization. If buying momentum continues, Bitcoin could experience limited gains in the near term.

For a more sustained recovery, the market cap needs to reclaim $3.00 trillion as a solid support level. A decisive move above this psychological threshold would likely boost investor confidence and draw in new capital.

TOTAL Price Analysis
TOTAL Price Analysis. Source: TradingView

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However, if the recovery loses strength, downside risks remain. The market could fall through the $2.92 trillion, and drop to $2.85 trillion, which will serve as the next key support level.

Bitcoin Is Under Resistance

Bitcoin is currently trading at $87,816, maintaining its position above the $88,210 resistance level. This area previously capped upward movement earlier in the month, and turning it into support indicates near-term stability.

To offset recent declines, Bitcoin needs to push toward the $90,308 resistance level. A confirmed breakout above this level could strengthen investor sentiment.

Bitcoin Price Analysis
Bitcoin Price Analysis. Source: TradingView

On the downside, if buying pressure weakens, Bitcoin could slip below $88,210. A clear break beneath this level would put $86,247 in focus as the next downside target, and losing both supports could intensify bearish pressure.

Canton Jumps Today

CC led the market on Tuesday, rising 18.6% over the past 24 hours to trade near $0.107. At the time of writing, the price hovered just below the key $0.109 resistance. This level remains critical for confirming short-term strength and sustaining bullish sentiment among traders.

Looking ahead, CC price prediction remains constructive as momentum builds alongside broader market support. Increased investor interest and improving sentiment could help CC break above resistance. If buying pressure persists, the altcoin may climb toward $0.118, with upside potential extending further if volume and trend strength remain intact.

CC Price Analysis.
CC Price Analysis. Source: TradingView

However, downside risks remain if bullish momentum weakens. Renewed selling pressure could push CC below the $0.101 support zone. A confirmed breakdown may expose the token to deeper losses, with price action potentially sliding toward $0.089 as bears regain short-term control.

The post Why Is The Crypto Market Up Today? appeared first on BeInCrypto.

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Pi Coin Coba Bangkit Kembali Setelah Turun 15%, Namun Arus Kas Masih Tertinggal

Pi Coin berusaha pulih setelah beberapa minggu mengalami momentum yang lambat. Altcoin ini saat ini bertahan di atas level support US$0,217. Percobaan kenaikan ini mengikuti peningkatan harga yang ringan, namun kekhawatiran tetap ada karena arus masuk investor tampaknya terbatas.

Momentum bullish yang berkelanjutan akan sangat penting bagi Pi Coin untuk sepenuhnya pulih dari penurunan 15% yang baru-baru ini terjadi.

Investor Pi Coin Berupaya Pulih

Relative Strength Index (RSI) menunjukkan bahwa pasar berubah sedikit bullish setelah periode kelemahan yang berkepanjangan. Indikator ini, yang sebelumnya turun di bawah tanda netral, kini kembali naik ke zona positif. Pemulihan ini menunjukkan peningkatan momentum dan mengindikasikan tekanan jual mereda sementara kepercayaan pembeli meningkat.

Perubahan sentimen ini bisa menandai dimulainya fase pemulihan yang lebih berkelanjutan bagi Pi Coin. Namun, untuk memantapkan momentum bullish ini, volume perdagangan dan partisipasi investor harus meningkat secara signifikan.

Ingin lebih banyak wawasan token seperti ini? Daftar untuk Buletin Harian Crypto Editor Harsh Notariya di sini.

Pi Coin RSI
Pi Coin RSI. Sumber:Β TradingView

Chaikin Money Flow (CMF) tetap menjadi indikator utama untuk memahami perilaku investor seputar Pi Coin. Saat ini, CMF masih berada di bawah garis nol, menunjukkan bahwa arus keluar masih lebih besar daripada arus masuk. Meskipun arus keluar telah menurun baru-baru ini, indikator ini belum berhasil menembus ke wilayah positif β€” suatu kondisi yang diperlukan untuk mengonfirmasi kekuatan pasar yang bertahan lama.

Jika Pi Coin berhasil mendorong CMF di atas nol, itu akan menyarankan bahwa arus masuk akhirnya mendominasi, menandakan meningkatnya kepercayaan investor. Pergeseran ini bisa membantu menjaga pemulihan harga yang sedang berlangsung, potensial memungkinkan Pi Coin untuk naik lebih tinggi dan stabil di atas level resistance kritis.

Pi Coin CMF
Pi Coin CMF. Sumber:Β TradingView

Harga PI Bisa Memantul

Harga Pi Coin berada di US$0,235 pada waktu publikasi, setelah berhasil menembus level resistance US$0,229 dalam 24 jam terakhir. Altcoin ini sekarang terlihat memulihkan beberapa kerugian dari penurunannya pada akhir Oktober.

Agar Pi Coin pulih sepenuhnya dari penurunan 15%, harga harus menembus resistance US$0,246 dan reli menuju US$0,260. Mencapai ini akan memperkuat pandangan bullish dan mengembalikan kepercayaan pasar di antara investor yang berhati-hati.

Pi Coin Price Analysis.
Analisis Harga Pi Coin. Sumber:Β TradingView

Namun, jika momentum bullish melemah, Pi Coin bisa turun di bawah US$0,229 lagi dan menguji level support US$0,217. Jika turun di bawah support ini, itu akan membatalkan tesis bullish dan mengekspos aset kripto ini pada risiko penurunan lebih lanjut.

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