The cumulative capitalization of the global crypto market increased by 5% compared to the last day, the market capitalization of the altcoins XRP, Dogecoin and ADA also increased by 3.01%, 11.36% and 4.43% respectively. The prices of XRP did not see a big upward movement despite RippleX announcement his partnership with Mintable two days ago. Doge’s price rebounded shortly after Elon Musk’s tweets, and eventually ADA saw a surge in buying pressure in the market.
XRP was trading at $ 0.68 at the time of writing with a market cap of $ 31.75 billion. With the Alt in a downtrend, in the event of a further decline, the immediate level of support would be at $ 0.54. In the event of an upward move, the coin could expect resistance near the USD 0.80 price level as XRP tested these levels at least twice in June.
At the time of writing, Bollinger bands noted a significant tightening, suggesting a decline in market volatility and the possibility of a consolidated price move for the coin. A bullish crossover was observed on July 3rd and the MACD The indicator suggested that the Alt would ride with the bulls in the short term.
Relative Strength Index It was mapped off the center line at the time of writing, noting a slight upward trend resulting in a market with more buyers compared to sellers.
Dogecoin had just topped the $ 0.25 price level two days ago based on Elon Musk’s tweets, but at the time of writing the coin was trading at $ 0.25. The coin had stabilized and continued to trade in the $ 0.23 to $ 0.28 range. Over the past day, the Alt posted modest gains of 2.2%.
Bollinger bands showed sharp convergence and the tightness in the bands suggests low market volatility for DOGE. The even buying and selling pressure from DOGE can be described as Relative Strength Index was almost parallel to the median line at the time of going to press. The indicator rose slightly, suggesting an increase in buyers versus sellers in the market.
The onset of the green signal bars Great oscillators Histogram indicated the emergence of bullish momentum on the coins’ charts.
ADA’s charts have shown a steady uptrend since the last week of June, but the coin was trading in the red at $ 1.44 at press time. In the past week the Alt was up 15.9% and in the last 24 hours the coin was up 5.0%. If the digital asset holds its momentum it could challenge the $ 1.63 resistance level in upcoming trading sessions.
In terms of capital inflows, the coin has seen quite a spike as can be seen in the pictures Chaikin money flow. This meant buyers rushed to buy more ADAs. Price volatility could increase during the next trading sessions as the Bollinger bands would have open.
On MACD Indicator, after the bullish crossover on July 3rd, the coin indicated the possibility of a bullish trend in the histogram.
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