Big cryptos gained some ground after taking some big losses on Tuesday. After falling below $ 30,000 for the first time since January, Bitcoin was back at $ 34,213 at the time of writing, up 3.1% in the past 24 hours. Large altcoins such as Binance Coin, Tron and UNI also benefited from this price gain at times. A slowdown in market volatility could later be observed as cryptos began to move sideways.
However, Binance Coin and Tron saw positive upward momentum even as UNI’s southward movement stalled.
Binance coin [BNB]
Ranked # 4 on CoinMarketCap, Binance Coin was trading at $ 302 at the time of writing, with Alt increasing 5% over the aforementioned period. In fact, it was up nearly 38% since June 22, the day it hit a low of $ 224. After briefly breaking the $ 307 resistance on the 4-hour chart yesterday, the asset was trading below that at press time.
The parallel movement of the Bollinger bands indicated that the high market volatility had stalled and stable price movements could be expected in the near future.
The bullish momentum surfaced on Great oscillator as the green bars moved across the histogram. The MACD and signal lines represented a bullish crossover on June 23rd as Alt price rallied in recent days.
The BNB could climb as high as $ 326 before finding further resistance if the uptrend continues.
After hitting a low of $ 0.046 on June 22, Tron was up 46%, trading at $ 0.066 at the time of writing. The crypto broke the USD 0.065 resistance yesterday, which then began to act as a strong support level.
The Parabolic SARThe dotted line floated below the candlesticks as the coin price action continued to follow a bullish trend. In addition, long green lines above it Great oscillatorThe histogram showed a dominant bullish momentum on the digital currency price chart.
A reversal of strong selling pressures was than that Relative Strength Index The indicator left the oversold area and held its position just below the overbought area. Although there is a slight downward trend, the pressure to buy has continued to be greater than the pressure to sell.
Even if bullish price action continues, the coin could face resistance at the $ 0.069 level.
UNI wasn’t as lucky as the other alts as it struggled to break the $ 18.6 resistance, despite finding new support at $ 16.5. However, the asset has risen 2.18% in the past 24 hours and was trading in the red at $ 17.36 at the time of writing. The total value of the seventh highest DeFi token was $ 4.27 billion, according to DeFi Llama.
The coin market became less volatile due to the contraction of the Bollinger bands. A limited price campaign for the coin can be expected in the future.
While the buyers briefly overtook the sellers, Chaikin money flow moved back down. At press time, there was an equilibrium as capital outflows began to dominate the market.
A reversal of the bullish crossover from MACD Lines are to be expected in the future, as the histogram of the indicator and the convergence of the indicator lines suggest.
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