Since Bitcoin’s price movements have been choppy lately, most of the altcoins have also experienced price volatility. With Bitcoin rising 4.9% in the past 24 hours, altcoins traded green after seeing a rebound on the 4-hour trading charts. Matic is up 4.0% and AAVE has seen its price increase 5.15% in the past 24 hours.
At the time of writing, the price of Bitcoin was $ 34,666.45, 4.9% higher than it was 24 hours ago. Bitcoin’s prices have increased since June 26th. The coin broke its critical $ 30,000 support level on June 22nd, but the royal coin had rallied above $ 34,000 just a few days ago
Bollinger bands there was a parallel movement for the asset, which meant that the coin is experiencing limited price movements. With the price movement continuing soaring, BTC could experience resistance at $ 36,000. A bullish momentum was observed on the basis of the Great oscillator Indicator because the green bars were visible above the zero line.
Finally, at the time of writing MACD Histograms also showed bullish momentum with a bullish crossover on June 27, a reading suggesting that prices may rise.
Matic was trading at $ 1.11 at press time, after seeing a 20.9% decline since last week and a 4.0% increase in the past 24 hours. The coin fluctuated between its immediate support and resistance levels of $ 1.03 and $ 1.22, respectively. If prices continued to rise, the coin would test the $ 1.22 level if it moves forward.
Relative Strength Index Matic approached the neutral zone after seeing a slight uptrend that spiked buying pressure at press time. The Bollinger bands noted a convergence in the 4-hour trading chart, which meant the coin would experience little price volatility.
According to Matic’s price increase, Parabolic SAR showed an upward trend as the dotted lines were visible under the candlesticks at the time of going to press.
AAVE’s price movement has been limited between the support and resistance levels of $ 181 and $ 230 for the past week. The coin has seen its price jump 5.1% over the past 24 hours, and at press time, the coin was trading at $ 205.51 in green. In the event of a sustained uptrend in prices, the next level of resistance on the coin would be at $ 230.
Relative Strength Index moved above the neutral zone which meant buyers preceded sellers in the market. MACD Histograms showed bullish momentum and also a bullish crossover on June 27th.
In relation to price fluctuations or price volatility, Bollinger bands Narrowed at press time, suggesting that AAVE would not experience sharp price fluctuations.
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