Global crypto market cap was $ 1.36 trillion, up 3.0% from last day. With the broader crypto market still showing significant signs of weakness, some altcoins posted daily gains, albeit marginal ones. While Ripple’s prices are inconclusive, DOGE saw slight daily gains and a significant spike in buying pressure, and ADA showed a steady decrease in capital inflows on the technical analysis chart.
The price of XRP showed a downtrend despite the marginal daily gain of 1.0%. At press time, the coin was available for $ 0.586, which is below its crucial support level of $ 0.587, and it could hit new lows considering prices have been down for most of the month.
The Chaikin money flow recorded a clear low in capital inflows in the past few days. At the time of going to press, there was a slight downward trend, suggesting that inflows have continued to decline. This may be because the price movement of XRP is sending out strong sell signals.
Conversely on the Ingenious oscillator, the beginning of a bullish signal was visible as green bars were visible on the indicator. MACD also showed the same thing, with green histograms on the center line indicating the presence of a short-term bullish signal.
Dogecoin continued to move below its key support level of $ 0.209, however the coin has seen some gains over the past 24 hours. The asset rose 4.6% in price over the past day. The bears in the market are expected to push prices back to the $ 0.178 support level unless DOGE breaks the $ 0.209 resistance level soon.
In terms of volatility, DOGE’s sustained downward movement caused slight volatility and price fluctuations at the time of going to press. Converges Bollinger bands also indicated low volatility.
As prices rebounded over the past 24 hours, buying pressure catapulted away from an almost oversold zone like that on Relative Strength Index Indicator.
The Squeeze momentum indicator showed black crosses on the center line which caused the market to come under slight pressure, with prices mainly depicting sectoral moves.
ADA’s prices ranged between $ 1.27 and $ 1.15 resistance and support levels. And at the time of writing, the coin was priced at $ 1.19. It is up about 2.9% in the past 24 hours, but a slight fall in price could cause the coin to stay below the crucial support level of $ 1.15.
ADA’s trading volume fell 59.29% on the last day. With a slight recovery, market capitalization rose 2.78%. F.Driven by the broader crypto market, the downward trend of ADA gave sell signals and additionally.
According to the Chaikin money flow Indicator, Capital inflows dried up since July 12th and the same was also pictured at the time of writing.
The Great oscillator noticed green signal bars signifying a bullish signal, but ADA needs to climb through the $ 1.27 resistance level for the coin to move in a steady uptrend.
The Average direction index was spotted just below the 40 mark. This implied that the current trend could be bearish and a certain trading range is developing.