Bitcoin’s 2.8% increase resulted in the crypto trading at $ 33,780 at press time. However, Ethereum didn’t quite see its price spike in the past 24 hours. MATIC also held the same price of $ 1.04 for 24 hours at the time of writing. Eventually, after making an all-time high, Synthetix fell 2.2% on the charts.
Ethereum could soon test the USD 2035 support level if its price continues to fall. In fact, if the altcoin continues to fall, it could retest the USD 1750 support level.
The Relative Strength Index, rose slightly at the time of going to press, which resulted in a slight increase in buying pressure. Nevertheless, selling pressure continued to dominate the market. The Bollinger bands were wide on the charts and signaled a steady increase in market volatility.
Finally, that Parabolic SAR confirmed the ongoing downward price trend as the dotted lines were visible above the price candles.
MATIC’s price movement has been trendless for the longest time, with the Alt moving sideways since June 22nd. At the time of going to press, the altcoin was still valued at $ 1.04, a price it has held for the past 24 hours. In the last 7 days. MATIC recorded a loss in value of 6.2%, whereby the buying pressure in the entire market decreased significantly.
The Relative Strength Index was shown below the median line, with selling pressures dominating at the time of writing. The Chaikin money flow envisioned a decline in capital inflows as outflows remained consistently high.
The MACD The indicator has seen bearish signals in recent trading sessions that spanned the past few days. However, at press time, bullish signals had the potential to cross the bearish signal.
The recent swings in SNX price came after DeFi and Non-Fungible Tokens gained traction. The coin rebounded 100% a few days ago after hitting an all-time high of $ 12.50. In the past week, the altcoin has risen tremendously, recording a price increase of 60%. At press time, SNX was available for $ 11.12, down 2.2%.
If the price continues to fall, the token could find support again at the USD 9.58 level and if the price rises, the Alt could attempt to test the resistance level of USD 12.82.
The Relative Strength Index fell out of the overbought zone before stabilizing above equilibrium. The Bollinger bands kept its width and indicated that the price could fluctuate slightly during the upcoming trading sessions.
Finally, that Parabolic SAR uncovered that the digital currency is in an upward trend given the rising price.