Bitcoin’s rebound led the altcoin market into a recovery phase. However, at press time, the broader market was giving mixed signals as some coins were trading in the red.
For example, Bitcoin Cash, Solana, and THETA saw a slight drop in prices and slight buying pressure in the past 24 hours. Bitcoin Cash fell marginally 0.8% at press time, while THETA has seen price consolidation since June 21.
Bitcoin cash [BCH]
After a short run with the bulls, Bitcoin Cash’s price pulled back on June 30th. At the time of writing, Bitcoin Cash was valued at $ 517 after losing 0.8% in value in the past 24 hours. If the price continues to fall, the Alt could find support at $ 468. Bitcoin Cash took 11th place at CoinGecko.
Despite the price drop on June 30, BCH rebounded last week and gained 17.6% over the period. If the coin appreciates again, the asset can test the $ 555 resistance level in the next trading sessions.
It’s on the 4-hour trading chart Average direction index indicates a strong trend. However, the price of the coin could be subject to retracement in the future. As the price of the crypto fell in the past 24 hours, the selling pressure in the market rose a little, like the one. forecast Relative Strength Index.
Finally, that Great oscillator pictured the beginning of a bearish signal at press time after seeing bullish momentum in the past few days.
SOL prices were on a downward trend at the time of going to press, having dropped 3.3% in the past 24 hours. The coin has started to consolidate between the support and resistance levels of $ 30 and $ 33, respectively.
In terms of capital inflows and outflows, the Chaikin money flow dived and approached the neutral zone. That decline meant that at press time, capital outflows were slowly becoming more dominant over inflows.
According to the downward trend of the Alt, the MACDs The histogram represented the beginning of a bearish market sentiment when a small red bar appeared on the indicator at the time of going to press. In addition, there was a declining crossover on June 30th.
The Parabolic SAR highlighted Downward trend as the dotted lines were visible above the candlesticks.
THETA’s price has consolidated since June 21st between its immediate support and resistance levels of $ 7.3 and $ 6.8. THETA only managed to break the $ 7.2 mark 24 hours ago, but struggled to break the $ 7.3 mark.
The coin has not fully recovered from the May slump, but if the coin breaks above $ 7.3 the next resistance level to look out for would be $ 8.11.
The converging Bollinger bands indicated that the alt would experience lower volatility, which means that the coin could continue to hover at the same price level for some time. The Relative Strength Index moved south, indicating that buying pressure was decreasing and selling pressure was increasing.
The Great oscillators Candles at the time of going to press marked the beginning of a bearish momentum.
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