Today, at press time, the crypto market had a banal price action with certain altcoins trading in the red. For example, ETH’s market capitalization fell 2.2% while LINK’s trading volume saw an 89% increase. Eventually, LTC’s rebound was halted when the crypto floated near its older support level of $ 141.
Ethereum was trading back around the $ 2,157 level after finally breaking above it just 24 hours ago. Another slump in the next trading sessions could push ETH down further in the charts.
The Bollinger bands were Expansion at press time, a sign of growing volatility in the next trading sessions. When Ethereum recovered north, Parabolic SAR corresponded to an upward trend. However, as the price of crypto fell, the beginning of a downward trend was also recognized.
The Chaikin money flow envisioned a decline in capital inflows as the price of the Alt fell in the past 24 hours. At the time of going to press, however, capital inflows were still higher than capital outflows.
Chain link [LINK]
LINK’s price rally was not supported by a strong uptrend as it fell 5.6% in 24 hours. After a sporadic upward trend in the past few days, the market was again under decreasing pressure.
If LINK fails to consolidate and hold its position around the $ 19 level and if the downtrend continues, LINK can retest the $ 16 support level.
The Relative Strength Index moved south as selling pressures increased. Even so, the same was in equilibrium at the time of going to press. The MACDs The histogram was bullish for a few days before seeing a bearish crossover on June 30th.
According to the prevailing downtrend, the Great oscillator also a loss of momentum when the red signal lines became visible.
Litecoin price movements at press time were absolutely instantaneous, with the crypto oscillating within a constrained price range. LTC traded in the red, just like other large altcoins. To say the bears are back in control, however, would be an exaggeration. If the coin manages to stay near the $ 141 mark, the coin can envision breaking it in the next trading sessions.
The appearance of red bards on the Great oscillator indicated that the Alt-Price had taken a bearish trend in the past 24 hours. Interestingly, that is MACDs The histogram still appeared green. Unfortunately, a bearish crossover seemed very likely in the short term.
Finally, that Parabolic SAR envisioned the start of a downtrend when Alt Price fell in the late hours of June 29th.
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