Ethereum has shown increased signs of volatility with adequate buying pressure, Dogecoin has shown an opportunity for short selling along with reduced trading volume. Finally, Ethereum Classic has shown a decline in purchasing power at the time of publication.
Ethereum price regained momentum after the alt fell briefly on Tuesday; At the time of publication, the coin was valued at $ 2,298. Over the night, it grew by 4.3%, and over the last week – by 28.3%. Its market capitalization is up 4.45%. Overall, the coin is bullish, however it is extremely important for the bulls to have enough momentum to break through $ 2,390 and test the $ 2,400 mark.
Volatility remains a factor for ETH prices as evidenced by Bollinger Bands…
Buyer pressure has remained unchanged over the past 24 hours, with little declines in buying pressure. Relative Strength Index It stood at around 60, which painted a bullish picture and adequate buying pressure.
July 27 MACD The indicator showed a bearish signal, however, it declined as prices rose.
Over the past 24 hours, while other altcoins have risen significantly, DOGE has recorded only 4% gains. On the weekly chart, Dogecoin recorded a significant 21.6% gain.
DOGE trading volume is down 116.12% over the past 24 hours, confirming the drop in buying pressure since yesterday. Relative Strength Index noted a small spike during the press, indicating that buying pressure has returned to the market.
The technical forecast opened the opportunity for the sale of DOGE, as. Squeeze Momentum Indicator indicates that the market is preparing for a squeeze with an expected price breakout.
Green signal bars included Awesome oscillator a rising bullish signal has flashed, and if the bulls recover and push prices further up, the coin will face resistance at $ 0.21. At the time of writing, Dogecoin is worth $ 0.20.
Ethereum Classic Traded In The Red During The Press; however, it posted a slight daily gain of 3.0%.
The weakening of the current ETC market trend was observed on Medium directivity index, which Hinted at the possibility of falling prices. If prices fall further, ETC will fluctuate around the support level of $ 46 or even fall through it.
Buying pressure also eased as Relative Strength Index noted the downturn during the press. Trading volume also fell 19.20%, indicating a decline in purchasing power in the market. Chaikin’s cash flow there has also been some decline in capital inflows at the time of writing.