The market caps of XRP, IOTA and AAVE have increased in the past 24 hours due to the upward trend of the broader crypto market. In fact, Aave is among the top winners in the market, with Dogecoin and MATIC on the same list.
XRP noted the opportunity to return to the upside with significant buying pressure, while IOTA envisioned a decline in capital outflows.
XRP broke the $ 0.570 support level on July 19, after which it traded sideways for most of yesterday. However, as the broader market rebounded, XRP rebounded overnight and at press time the price had risen to $ 0.552. A larger increase would mean that XRP is testing the $ 0.057 resistance level.
A period of high volatility, such as the values of the Squeeze momentum indicator how A squeeze release flashed at the time of going to press. As the price recovered overnight, buying pressures found its way back into the market, like that Relative Strength Index Rise.
The MACD noticed a bullish crossover on July 21st followed by growing green histograms.
IOTA hit a high of 8.3% on the 4-hour trading chart in the past 24 hours, and the asset could soon cross the resistance level of $ 0.634. At press time, the altcoin was trading in the green with market capitalization up 8.87%. Additionally, the altcoin’s rebound could reverse the 16.5% drop in valuation on a weekly basis if the price continues to rise significantly in the next trading sessions.
Thanks to the price increase, the Bollinger bands were different at the time of going to press – a value that means an increase in price fluctuations. Capital inflows also increased, supported by the Chaikin money flow.
The MACD Indicator showed the onset of a bearish signal, with just a green histogram visible at press time, accompanied by a bullish crossover that occurred on July 21st.
Aave’s price movement also rebounded somewhat as the altcoin climbed to the top and rested at $ 246.76, up 13.5% in 24 hours. Aave was among the top winners after the cryptocurrency market rebounded overnight. With the downtrend slowing for the entire cryptocurrency market, even Aave could try to test resistance levels in the future. The immediate key resistance for the coin was $ 249.50.
Market volatility could increase, as from the Bollinger bands. The Average direction index indicated a weakening of the bearish signal, which may allow the bulls to push the price higher in the short term. However, it is difficult to say whether the Alt could continue to be on an uptrend in the next trading sessions.
The Great oscillator At the time of going to press, green bars were flashing, indicating a bullish force in the market.