Thanks to the spike in Bitcoin volatility in recent days, altcoins have avoided treading on paths to recovery. For example, Cardano’s market cap was down 7.45% at the time of writing, while ATOM was down 6.74%. After all, Dash has lost 5.1% in value over the past 24 hours.
ADA fell 7% in the past 24 hours, with ADA trading near $ 1.23 at press time – its main level of support last week. The altcoin had rebounded from that $ 1.23 support level, but the decline in price has caused the altcoin to move very close to its support level and a small decline will cause ADA to break through that support level again.
On the Ingenious oscillator, Cardano noted the weakening of the bearish momentum when a green bar appeared on the histogram. In terms of price fluctuations, the Bollinger bands were Conclusion of contract at the time of writing.
The pressure to buy cryptocurrency has also eased since June 24th. At press time, the crypto asset was hovering just below the neutral zone, but sellers were still dominating the market, as in the Relative Strength Index.
The ATOM charts showed a sideways movement from the first week of June. However, the altcoin began to devalue towards mid-June. It broke key support level of $ 9.23 on June 21 and has traded below it since then. At press time, the coin was valued at $ 8.9 after falling 8.5% in the past 24 hours.
On June 26th, the MACD The indicator registered a bearish crossover after 3 days of a bullish trend. The Bollinger bands have held steady for the past two days, which shows the uniformity of volatility.
On the Relative Strength Index, the selling pressure remained dominant over the buying pressure.
Dash, like every other altcoin, has seen sideways movement for most of this month. But then it went on a trip south and was in the red at the time of going to press. The crypto asset was valued at $ 118.4 at the time of writing after falling below its crucial support of $ 135.
The Parabolic SAR pictured a downtrend in price as the dotted marks were spotted above the candlesticks at the time of going to press. The Bollinger bands stayed tight in the past 24 hours as there wasn’t much price action.
Finally, that Chaikin money flow fell increased sharply in the last 24 hours, a result that resulted in an increase in capital outflows versus inflows.
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