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Ethereum [ETH] encounters both bulls and bears; Whose side will it pick?

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The entire crypto market was trying to oust the bear and welcome the bull. While assets like Ethereum [ETH], Polkadot [DOT], Uniswap [UNI] and several other coins were already well settled in the bullish arena, a few others like Bitcoin [BTC], Cardano [ADA], and Dogecoin [DOGE] were still trying to break off strong resistance lines.

The overall market cap of the crypto-verse was at $1.59 trillion with a 1.91% surge over the last 24-hours. Bitcoin’s market cap accounted for most of this at least $716 billion. Bitcoin persisted in its supremacy, however, the coin noted a slight drop in terms of price.

Ethereum [ETH], the second-largest cryptocurrency, was priced at $2,621, during the time of writing. Over the last 24-hours, the altcoin managed to surge up by 4.48% and the previous seven days proved to be great for the asset as it rose by 13%.

The market cap of the asset was at $308 billion which further helped the altcoin retain itself as the second-largest crypto asset. The disparity between the second largest and the third-largest asset was so high that the chances of the latter taking over the former were bleak.

Ethereum [ETH] one-hour price chart on Binance

Ethereum

The short-term price chart of ETH on Binance noted a tussle between both the bear and the bull. While the ongoing sentiment in the overall market was inclined towards the bull, Ethereum was seen hoarding both the bull and the bear. The Awesome Oscillator indicator rolled out red closing bars which suggested that the bear was here to stay.

However, the Chaikin Money Flow [CMF] indicator was still residing in the bullish arena. The marker was seen gliding below the zero median onto the bearish side. Therefore, the asset could witness a potential plummet.

In addition to this, the Relative Strength Index [RSI] remained still under the 50 median margin noting a sellers’ market.

Uniswap [UNI] Price Relishes Arrival of Bull As Pastures Turn Green

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As the cryptocurrency market rallied to beat the bear, some altcoins took it upon themselves to lead the charge. Uniswap (UNI) was one of the cryptocurrencies climbing rapidly while taking the title of “biggest gainer” in the top 10 cryptocurrency club. As it stands, the 10 largest coin was green ticking at date of 10.6 percent in the daily timeframe.

At press time, Uniswap was trading for $23.09 with a market cap of $13.6 billion. The double-digit climb also elevated the cryptocurrency to a 24-hour trading volume high of $576.8 million. Aside from Uniswap, its nearest competitor Polkadot was also making moves by achieving daily growth of over 10 percent.

Uniswap 1 hour:

uni 1 hr

The hourly charts painted a bearish picture for the cryptocurrency after a sweltering start to the week. A majority of the indicators pointed to a bearish atmosphere interspersed with bullish gains.

Uniswap’s Bollinger bands moved parallel to each other after a massive price breakout. The formation of the positive Bollinger cloud was one of the few bullish signs for Uniswap. Both the Chaikin Money Flow indicator and RSI crashed to the bottom of their graphs after the last price action. This was a sign of more users selling their tokens while the capital reduces in the Uniswap market.

Uniswap 1 day:

uni 1 d

Long-term charts held some good news for Uniswap as some of the aforementioned indicators sided with the bull. While the support was no longer threatened, the price movement still invoked a closer look.

The daily RSI fell sharply yesterday from the overbought zone. Although this still kept Uniswap above the zero level, it occurred at a time when the CMF shot up. Uniswap’s CMF had climbed significantly over the past few days to settle much higher than the zero line. If it maintains its momentum, Uniswap CMF had the chance to touch mid-July highs.

The Bollinger bands here projected a smaller breakout with the upper and lower band diverging from one another.

Cardano [ADA] awarded with daily gains amidst a bear cycle

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Volatility was back in the crypto-verse. This time, however, no major price fluctuations were noted. Cardano [ADA] stole the show with its daily price change. Almost all the other assets were painted in red, but they noticed dainty drops in their price.

Chainlink [LINK] prolonged its hot streak as it recorded a 2.63% surge over the last 24-hours. Bitcoin [BTC] on the other hand was seen witnessing a 1.45% daily dip. The king coin, during press time, was trading for $38K. Despite a drop in its price, the coin managed to retain its market cap at $711 billion.

Cardano [ADA] and Chainlink [LINK] were the only two popular assets that were bagging gains of over 1%. At the time of writing, ADA was trading for $1.34 with a 2.89% surge over the last 24-hours. Over the last couple of days, ADA barely witnessed major changes in price as its 7-day price change was at 3.16%.

Additionally, the market cap of ADA was at $42.78 billion. Cardano witnessed a significant surge in terms of market cap and ranking this year. The asset took a plunge all the way to the top.

Cardano [ADA] one-hour price chart on Binance

Cardano

The short-term price chart of ADA on Binance noted nothing but bears. The bears were seen camping out in the ADA market and suggested that they were here to stay for a while. The Parabolic SAR indicator shifted its dotted lines on to the resistance side. Earlier today, dots were formed over the candlesticks further restricting any sudden upward momentum.

The MACD indicator went on to form a bearish crossover. The MACD line slowly fell below the signal line as the bears took over. This further affirmed the presence of the bear in Cardano market.

The Relative Strength Index [RSI] indicator was residing right on the 50 median. However, the marker was inclined towards the sellers’ market.

Chainlink [LINK] outshines top ten cryptocurrencies

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While the entire crypto-verse was enduring a slump only few coins like Chainlink [LINK] and Solana [SOL] managed to steer away from the bear and decided clung on to the bull. Painted in red, the crypto market was seen losing out on all the recently amassed gains.

Bitcoin [BTC] dipped to $38K after recently moving across $40K. This move certainly disappointed an array of BTC investors who hoped the asset would aim for $50K. Ethereum [ETH] held on to the $2K level, however, the largest altcoin was observed hoarding a 3.34% drop over the last 24-hours. Almost all the top ten coins on CoinMarketCap’s list were seen plummeting by at least 3%.

During the same time, Chainlink was taking out the last of its profits from the bulls. At the time of writing, the altcoin was trading for $22.97 with a 1.88% surge over the last 24-hours. Even if this rise was dainty, when compared to other assets, Chainlink proved to be doing much better.

Additionally, the market cap of the altcoin was at $10.02 billion which helped the coin remain in the 12th rank.

Chainlink [LINK] one-hour price chart on Binance

Chainlink

The short-term price chart of LINK revealed that the altcoin was no different than the other assets. Chainlink was headed towards the bearish realm along with all the other assets. The Awesome Oscillator indicator noticed a reversal in trend. Red closing bars were formed by the indicator which further alerted the presence of the bears in the LINK market.

The Chaikin Money Flow [CMF] indicator did not wait for anyone. The CMF marker took a plunge below the zero median which indicated a bearish momentum in the LINK market. This was followed by the Relative Strength Index [RSI] that was revealing a contradicting notion. The RSI marker was moving from the sellers’ zone onto the buyers’ arena over the 50 median. This sort of sentiment amidst a bearish cycle was not anticipated.

XRP Price Action Changes Direction As Support Suffers

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Cryptocurrency price fluctuations have dominated the ecosystem in the last few days as traders hedged on shorting or longing for their positions. XRP enjoyed a decent July with proponents expecting a rise after the support settles. The cryptocurrency continued to trade above 70 cents with a market cap above $30 billion.

XRP 1 hour:

xrp 1hr

XRP’s hourly chart showed a step-wise climb for the cryptocurrency shorted by the latest bear run. Since the price hike on July 28, XRP’s immediate support had lifted slowly but surely only to be wrecked by the bear. As markets opened on Tuesday, Bitcoin’s price action continued to stay bearish. The lower Bollinger band diverged from its parallel movement indicating a dip in prices.

The Relative Strength Index tried moving away from the oversold zone after crashing towards it yesterday. This slight spike could be attributed to more people buying into the XRP market. The Parabolic SAR markers also sided with the bear with the markers staying below the price candles.

XRP 1 day:

xrp 1 d

Long-term readings for Ripple’s cryptocurrency looked better than the hourly charts as a majority of the indicators blinked green. The Parabolic SAR for the daily charts stayed under the markers pointing to a clear shift in momentum.

Although the Relative Strength Index fell over the past week, it was still closer to the overbought threshold than it has been in over 90 days. Once users HODL their XRP, the buying pressure will only increase. In the long-term scenario, the Bollinger bands diverged strongly from one another. After displaying 5 consecutive green candles, XRP users were looking forward with bated breath for the next run.

Polkadot emerges as the biggest winner in top 10 club as Bitcoin stumbles

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The cryptocurrency market opened on Monday to a mix of bearish and bullish signals triggered by new players entering the market. As Bitcoin fell below the $40,000 mark, the altcoin army took it upon themselves to rally on the charts. After entering the top 10 club, Polkadot has maintained a steady rally to settle at the ninth position. The price movement was so strong that it became the best performing cryptocurrency in the elite club.

At press time, Polkadot [DOT] was trading for $18.13 with a total market cap of $17.752 billion. A whopping 24.6 percent daily climb allowed DOT to clock a trading volume of $2.41 billion. The digital asset’s stellar rise could be put into perspective when compared to the hike enjoyed by its peers. Next on the podium was XRP, clocking a 14 percent growth in the previous 24-hours.

Polkadot 1 hour:

dot 1 hr

The short-term charts told the story of a cryptocurrency searching for a price breakout. Polkadot’s performance since the weekend has only spurred holders to invest more into the market. This increase in capital was indicated by the CMF which rested right above the zero line.

Polkadot’s RSI dipped over the past few days after being closer to the overbought zone. Market experts predict the price to climb a bit more once more users HODL their assets for a longer period of time. The MACD line and the signal line crashed in tandem as the MACD histogram blinked red. Polkadot may need to take its warning into heed as hourly price changes leaned towards the bear.

Polkadot 1 day:

dot 1 d

Polkadot’s long-term performance peaked in May when the bull run took it to dizzying heights. Since the crash, Polkadot’s support settled near the $10 mark, miles away from its peak in the $45- $50 bracket. The MACD indicator here was slightly more bullish after a crossover between the signal line and the MACD line. DOT holders could take heart in the fact that the histogram was also bullish, unlike in the short term.

The daily RSI spiked to a 3 month high after Polkadot registered more than 5 green candles. This was a good sign for the cryptocurrency as more users were buying into the ecosystem than before. The Chaikin Money Flow indicator added to the bullish atmosphere by spiking to a 70 day high.

XRP fights back against the bear as altcoin prices take a hit

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XRP and its counterparts in the cryptocurrency market have gone through a tumultuous time which included price fluctuations and changes in market cap. Although major players like Bitcoin hit a bearish stop, XRP continued its surge to climb to the 6th position on the charts. Bitcoin at the same time was falling by approximately 5 percent in the hourly spectrum. 

At press time, XRP was trading for $0.72 with a total market cap of $33.54 billion. The cryptocurrency’s 23.5 percent weekly growth elevated its daily trading volume to $3.55 billion. Many analysts expect XRP to slow down soon to settle into a stagnant price movement. 

XRP 1 hour:

xrp 1 hr 2

Price variations across the board played a pivotal role in boosting XRP’s credentials on the charts. The latest immediate support was raised to $0.69 after a change in buying sentiment. 

XRP’s RSI leaned towards the bearish spectrum as the selling pressure overtook the market.

Short-term CMF performed better than the RSI with the graph staying above the zero lines. 

Only the PSAR sided with the bull. The markers continuously stayed below the candles as the buying momentum increased. 

XRP 1 day:

xrp 1 d 1

In the long term, XRP had fallen into a stagnant price movement. A lack of resistance breaks forced the cryptocurrency into a lull with immediate support at 0.55. 

Long-term PSAR mimicked the hourly charts as the markers pushed the candles up. 

The RSI and CMF were both bullish on the daily chart. According to the RSI, more users held XRP thereby increasing the overall selling pressure. The RSI showed that the capital coming into the XRP market was more than the capital leaving the market. 

Solana [SOL] steals the crypto spotlight with its 10% daily surge

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The crypto market was seen witnessing a tiff between the bull and the bear. However, the bull was making sure to give all its attention to Solana [SOL]. The altcoin managed to bag the most gains over the last couple of hours while all the other assets were seen trying to steer clear from the bear.

After surging by over 20% through the week, Bitcoin [BTC] was seen taking a backseat. The king coin dipped by 2% and found itself at $38K. Ethereum [ETH] managed to stay still and did not notice major fluctuations in its price.

Moving onto Solana [SOL], the fourteenth largest cryptocurrency had all eyes on it. The altcoin, at the time of writing, was trading for $30.97 with a 10.52% surge over the last 24-hours. Even though the altcoin barely bagged gains throughout the week, it managed to secure profits over the last 24-hours.

The altcoin’s price change and the advancements that the Solana network has been making are commended by many in the crypto-verse. Despite this, the asset hasn’t found its way into the top ten. During press time, SOL’s market cap was at $8.47 billion, almost at par with that of Chainlink [LINK].

Solana [SOL] one-hour price chart on Binance

solana

The one-hour or short-term price chart of SOL was seen harboring the bear. Despite the altcoin’s daily surge, the hourly chart suggested that it would endure loss or stay still at its current zone. The Parabolic SAR indicator switched sides and moved upwards over the candlestick. This line stood as an obstruction against any possible uptrend. This was followed by red closing bars formulated by the Awesome Oscillator indicator. These lines revealed that SOL was in for a downward ride.

The Relative Strength Index [RSI] indicator remained untethered on the 50 median. This further indicated a buyers’ market, however, the marker could flip sides and move over to the sellers’ side.

XRP retreats from its bullish momentum as bears come in strong

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Hello volatility, my old friend. XRP joins cryptocurrencies like Cardano [ADA], Dogecoin [DOGE], and an array of other coins in welcoming the bear. Even though the largest cryptocurrencies Bitcoin [BTC] and Ethereum [ETH] were also harboring the bear, they experienced dainty changes in price.

At press time, BTC was trading for $39K while ETH was priced at $2,294. Quite often, the market cap of these assets tends to depreciate during the bear market, however, this time, BTC held on to the $700 billion level.

Over the last couple of days, XRP noted a massive push in the upward direction. The altcoin managed to amass notable gains. At the time of writing, the asset was trading for $0.70 with a 4.17 percent drop over the last 24-hours. During the previous seven days, XRP managed to bag gains of over 22 percent which was the highest after Bitcoin.

XRP gave up its position as the third-largest coin long ago. But the asset remained in the top ten. At press time the altcoin’s market cap was at $32 billion which further gave the asset the 6th rank.

XRP one-hour price chart on Binance

XRP

The short-term price chart of the altcoin was seen amassing a bear troupe. The long candlestick noted in the above chart indicated the massive surge in the asset’s price from a low of $0.63 all the way to a high of $0.72.

The Parabolic SAR indicator laid out dotted lines over the candlesticks which further suggested a bearish momentum. This line acted as a barricade against any possible uptrend. The MACD indicator mirrored this sentiment. The MACD line slowly sunk below the signal line which proposed a bearish crossover.

The Relative Strength Index [RSI] revealed a neutral sentiment in the XRP market. This was derived by the RSI marker that was seen residing exactly at the 50 median.

With all these indicators siding with the bear, the chances of XRP surging were bleak.

Binance Coin [BNB] embraces the bull despite minimal buying activity

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The bulls were back in the crypto market. While an array of coins made sure to bag gains, Binance Coin [BNB] stayed rather still as it recorded no major price change over the last couple of hours. Meanwhile, coins like Ethereum [ETH], Bitcoin [BTC], XRP, Bitcoin Cash [BCH], and a few others managed to score maximum profits.

Bitcoin [BTC] had once again preceded over the $40K mark. The king coin hit this number for the second time this week. With bulls raging in its market, the chances of it moving beyond this level were high.

Circling back to Binance Coin [BNB], the asset witnessed minimal to no change in its price. While the entire market was painted green, BNB was one among a few other assets that were still living in the red zone. At the time of writing, BNB was trading for $312 with a 1.12% drop over the last 24-hours.

Despite its price situation, the altcoin managed to stay in the top five with its market cap settled at $53 billion.

Binance Coin [BNB] one-hour price chart

Binance Coin

Even though BNB was seen swimming in the red sea, the short-term prediction of the altcoin seemed pretty great. All the indicators used in the short-term price chart of BNB were slanted towards the bull.

The Awesome Oscillator indicator noted the arrival of the bull as it formed green closing bars. The Chaikin Money Flow indicator followed suit as it remained over the zero median in the bullish field.

The Relative Strength Index [RSI] indicator was above the 50 median which is considered a buyers’ market. However, the RSI marker was pointed towards the sellers’ arena.

Additionally, not long ago, Binance carried out its 16th quarterly token burn. A total of 1,296,728 BNB was burned during the process. At the time, the total BNB burned was worth $393,673,653.