After a recovery period, the major altcoins traded sideways again between their current support and resistance levels. Bitcoin’s price rose 11% over the past week, followed by an increase in market capitalization and trading volume over the past 24 hours. DOT’s current prices have pushed the market into the overbought zone and MATIC was experiencing modest selling pressure at the time of going to press.
Bitcoin was valued at $ 35,431 at press time with a market dominance of 45.49%, with the prices of the king coin rising 5.2% on the last day. Despite daily gains, the coin will still break the $ 36,700 resistance level. At the current price level, the immediate support and resistance levels are at $ 32,700 and $ 36,700, respectively.
According to the market volatility, Bollinger bands differed somewhat at the time of going to press, which points to a weakening of the current price trend.
With the price in a moderate uptrend, the bulls could be seen pushing prices higher when a bullish crossover was spotted on July 3rd MACD Histograms, after which green bars appeared on the indicator.
Great oscillators The reading supported the aforementioned statement of short-term bullish momentum as the green signal bars were above the midline at the time of writing.
DOT is trading sideways. The price level remained jammed between $ 14.10 and $ 16.70. If the same price momentum continues, the coin could drop below the USD 14.10 support level in the next few trading sessions.
In the past 24 hours, the price of the coin has risen 5.1%; The digital asset was trading at $ 15.77 at press time. Dealers appeared to be actively buying more of the alternative since then Stochastic RSI touched the 100 mark, meaning the asset was overbought. Ingenious oscillator, was building bullish momentum at the time of writing when the green signal lines appeared on the indicator. Bollinger bands further narrowed at the time of writing, suggesting a period of low volatility for DOT.
Although the coin has gained around 9% in the last seven days, the coin has yet to recover from the losses. MATIC’s market capitalization rose 1.95% at the time of going to press and was ranked 17th among the largest cryptocurrencies according to CoinGecko list.
The dotted lines under the candlesticks as they appear on the Parabolic SAR underlines the upward trend the coin has embarked on. Bollinger bands diverged for MATIC, meaning the coin would experience increased market volatility and steeper price movement.
Relative Strength Index saw a small downtrend at the time of going to press, based on the fact that at the time the sellers outnumbered the buyers.
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