EOS hasn’t recovered significantly over the past ten days, instead posting an 18.77% drop in trading volume over the past 24 hours. Market bears were still active as alto struggled to break the $ 4.18 resistance level.
Ethereum Classic is up 43.20% over the past week and as of press release, altcoin is consolidating between support and resistance levels. Finally, MATIC showed gains after the downtrend continued after June 30.
At the time of writing, EOS is trading at $ 4.01, although there hasn’t been much change for this alto in the last week. The coin moved between the $ 3.3 support and the $ 4.18 resistance. He tried to break the immediate resistance at $ 4.18, but to no avail. However, with a 5.1% rise in price over the past 24 hours, EOS could soon well outperform the $ 3.30 support level.
IN Awesome oscillator highlighted short-term bullish strength. However, if the alt fails to break the $ 4.18 resistance level, the bullish momentum may disappear. July 1 MACD the indicator recorded a bearish crossover.
As for price fluctuations, Bollinger Bands remained tight and predicted that EOS could see limited price movement in the future.
Ethereum Classic [ETC]
Ethereum Classic has registered a 9.9% gain in the last 24 hours and a substantial 43.2% gain in the last 7 days. Recently, however, price movements have been volatile. At press time, the altcoin was valued at $ 57.48 and was trading in the green.
After the coin regained its levels, its momentum began to weaken somewhat. If ETC consolidates between its immediate support and resistance levels, the next resistance level will be $ 61.21.
IN Bollinger Bands remained parallel and indicated further sideways price movement as the bands did not show any convergence or divergence. IN Relative Strength Index predicted an increase in buying pressure as the indicator moved north from the neutral zone.
Since early July, ETC has seen an increase in capital outflows. However, during a press release, he noted a slight increase in capital inflows, as depicted Chaikin’s cash flow.
MATIC witnessed a week of directionless movement as the alt price could not break through its immediate resistance level. At the time of writing, the viola is priced at $ 1.14. If the price fails to maintain its movement despite the daily rally, MATIC could fall below $ 1.00.
IN Bollinger Bands diverged for MATIC, indicating that market volatility could increase. IN Parabolic SARThe dotted line was under the candles as the coin recorded a jump in its price over the past 24 hours.
IN Relative Strength Index climbed above the neutral line as selling pressure eased and buying pressure increased. Its upward movement indicated that buyers outnumbered sellers in the market.
Subscribe to our Newsletter