Most of the cryptocurrencies in the market have seen consolidated price moves over the past 24 hours, with some steady gains across the board as well. The trading volume of Binance Coin and DASH, for example, increased 110% and 10% in the last 24 hours, while the trading volume of ATOM decreased by 50.40%.
Binance recently made headlines after temporarily suspending payments from the EU’s SEPA network.
Binance coin [BNB]
Binance Coin has had a consolidated trading range for the past few days, despite the altcoin showing signs of an uptrend after its price rose 5% in 24 hours. At the time of writing, the asset was valued at $ 334.01 after increasing 11.2% in just a week.
If the market bulls stay nearby to push the price further up, the next level of resistance on the coin would be at $ 364.20, and if the token falls in valuation, the support level could be at $ 290. In terms of volatility, that is Bollinger bands noticed minor deviations, indicating a period of some market volatility.
As the price of crypto went up, the Parabolic SAR also showed an uptrend as the dotted lines under the candlesticks were visible. The Great oscillator flashed clear bullish signals from July 5th as the BNB started to climb the charts.
ATOM’s uptrend was stalled as the coin hovered at $ 13.20 in the past 48 hours. As can be seen from the technical analysis charts, there hasn’t been much price movement. The digital token was down 2.1% in the past 24 hours and traded at $ 13.21. Although the coin has been in use since Jan.
Purchasing power was still quite widespread in the market, despite the pressure to buy Relative Strength Index. The altcoin has been in the overbought zone twice in the past two weeks, with buyers still outperforming sellers in the market. The Chaikin money flow also recorded a decline in capital inflows at the time of going to press.
Since the crypto asset did not show any significant price movements and was slightly in a downtrend, Great oscillator registered the onset of a bearish signal.
DASH price action fluctuated between its immediate support and resistance levels. It had not crossed the USD 130 support level and the USD 146 resistance level. Over the past week, the price of the coin rose just 1.2% and at the time of writing it was trading in the green after seeing an hourly gain of 0.5%.
As the price consolidated, the market attracted buyers as they viewed this situation as an entry point into the market. The Chaikin money flow noticed a sharp increase in capital inflows versus outflows. The MACD pointed to a bullish crossover on July 7th and the appearance of a bullish signal on the indicator.
According to the bullish signal, this is Parabolic SAR underlined the presence of a dotted line under the candlesticks and therefore an upward trend.