Over the past few months, bitcoin’s choppy price movements have had a negative impact on most altcoins, but some have shown signs of recovery recently.
Bitcoin Cash attempted to test the $ 557 resistance level a few days ago but saw bearish signs at press time. BAT’s price movement has remained sideways since the last week of June, with market capitalization rising 4.21% in the past 24 hours. Finally, at press time, DASH was even seeing purchases and sales with trading volume up 20% over the same period.
Bitcoin cash [BCH]
With no significant signs of significant recovery, Bitcoin Cash has seen a bearish trend despite a price increase of 3% in the past 24 hours. The cryptocurrency had started a brief uptrend in the last week of June and tried to test the resistance at $ 557 but was unable to overcome it. At press time, it was trading at $ 493.25.
When the price moved slightly north Parabolic SAR Registered an upward trend. However, it is MACDs The histogram confirmed the underlying bear market of the old and showed a bearish crossover on June 30th.
The Great oscillators The reading indicated that the price of the old could see a spike in the short term as the green signal bars were mapped above the center line.
Given recent price action, the bulls may have a hard time getting above the $ 557 resistance level for now.
Basic attention mark [BAT]
BAT’s price action has been sideways since June 28, with the coin oscillating between its immediate support and resistance levels. On the 4-hour trading chart, the crypto showed a rise in price, rising 5.1% in 24 hours. Immediate resistance to breakout would be at $ 0.62.
The Average direction index supported the aforementioned consolidation statement, as the indicator was below the 20 mark, which underlines a weak trend. In terms of capital inflows, BAT saw a slight increase, as reflected by the Chaikin money flow.
A bearish crossover was made on MACD Indicator on July 1st.
The price of DASH has seen little volatility in the past few days and the technical analysis chart showed the token prices moving within a narrow range without trending either up or down. The token saw its price jump around 10% over the past week, and at press time, the Alt was up 3.4%.
The sideways movement of the crypto asset could be attributed to equal demand and supply Relative Strength Index, how The indicator moved along the equilibrium, which meant equal buying and selling pressure in the market.
The Bollinger bands showed convergence leading to a period of low volatility. The MACD Indicator recorded a bearish crossover on July 1st. However, a trend reversal could also be in sight.
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