EOS has not rebounded much in the past ten days and instead has seen its trading volume fall 18.77% over the past 24 hours. The market bears were still active as the alt struggled to break its $ 4.18 resistance level.
Ethereum Classic was up 43.20% over the past week and at press time the altcoin was consolidating between its support and resistance levels. Finally, after a downtrend after June 30th, MATIC saw an uptrend.
EOS was trading at $ 4.01 at the time of writing, while not much has changed about that alt over the past week. The coin moved between the $ 3.3 support and the $ 4.18 resistance. It tried to break its immediate resistance of $ 4.18 but was unsuccessful. However, given the 5.1% price hike over the past 24 hours, EOS could soon leave the USD 3.30 support level well behind.
The Great oscillator underlined a short-term bullish force. However, if the alt does not break the $ 4.18 resistance level, bullish momentum could wear off. On July 1st, the MACD The indicator registered a declining crossover.
In terms of price fluctuations, the Bollinger bands stayed tight, forecasting that EOS could see limited price movements in the future.
Ethereum classic [ETC]
Ethereum Classic posted gains of 9.9% in the last 24 hours and a significant increase of 43.2% in the last 7 days. However, the price movement has been choppy lately. At press time, the altcoin was valued at $ 57.48 and was trading in the green.
After the coin returned to its level, its momentum began to weaken a bit. If the ETC leaves the consolidation between its immediate support and resistance levels, the next resistance level would be at $ 61.21.
The Bollinger bands remained parallel and indicated further sideways movement as the bands showed no convergence or divergence. The Relative Strength Index forecast an increase in buying pressure as the indicator moved north from the neutral zone.
ETC has seen an increase in capital outflows since the beginning of July. However, at press time, it was seeing a slight increase in capital inflows since pictured by the Chaikin money flow.
MATIC experienced a week of directionless movements as the Alt’s course could not break above its immediate resistance level. At the time of writing, the Alt was priced at $ 1.14. If price doesn’t keep moving despite daily gains, MATIC could drop below $ 1.00.
The Bollinger bands for MATIC diverged, suggesting that market volatility may increase. The Parabolic SAR‘s dotted line floated under the candlesticks as the coin rose in price over the past 24 hours.
The Relative Strength Index moved above the neutral line as selling pressure eased and buying pressure increased. Its upward movement indicated that buyers were outperforming sellers in the market.
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