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Buyers’ swarm into Uniswap [UNI] market while it tries to hit $20

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The bulls seemed to be prolonging their stay in the crypto market. Assets like Uniswap [UNI], Ethereum [ETH], Litecoin [LTC], and several others went on to make the most of this bullish takeover.

A couple of days ago, Bitcoin [BTC] dipped below $30K, causing mayhem in the market. However, the king coin was quick to recover and was on its way to $34K. The market cap of the asset also saw a drastic rise over the $600 billion level.

Uniswap [UNI] was the star of today’s bull run. The altcoin managed to make the most gains over the last 24-hours. At the time of writing, UNI was priced at $18.68, with a 5.27% surge in the last couple of hours. The altcoin garnered profits of 14% over the previous seven days. The asset’s journey towards its all-time high of $44.97 made it stand out.

While Uniswap was doing fine in terms of price, it noticed a massive fall with regard to its ranking. The altcoin lost its spot in the top ten as its market cap subsided to $11.04 billion. Nevertheless, the asset remained above prominent coins like Bitcoin Cash [BCH] as well as Litecoin [LTC].

Uniswap [UNI] one-hour price chart on Binance

Uniswap

The short-term price chart of UNI was exhibiting a bullish notion. The Parabolic SAR indicator formulated dotted lines below the candlesticks. This line restricted any sudden drops in the price of the altcoin. Earlier today, the MACD line took over the signal line further forming a bullish crossover.

The Relative Strength Index [RSI] indicator revealed that UNI was being overbought. The RSI marker was way over the 60 median.

With the presence of bulls, UNI could be making its way on to $20 very soon.

In addition to its price, the total value locked in Uniswap on DeFi saw a significant drop. At press time, the total value of USD stacked in Uniswap was at a low of $5.46 billion.

Dogecoin [DOGE] and Binance Coin [BNB] struggle to amass gains

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The bull stayed longer than the crypto market expected. However, Dogecoin [DOGE], Binance Coin [BNB], and Cardano [ADA] garnered limited gains. On one hand, BNB was the only asset painted in red while all the others embraced the green. Dogecoin, on the other hand, noted dainty gains.

Dogecoin [DOGE]

Dogecoin’s emergence from being a mere meme coin undoubtedly put the altcoin under the crypto spotlight. Despite its fame, the asset’s price was at a low of $0.19 during the time of writing. The altcoin experienced profits of just 0.45% over the last 24-hours. The last couple of days were good for the asset as it bagged gains of about 5%.

The market cap of Dogecoin was at $25.10 billion, which allowed the asset a place in the top ten.

Dogecoin [DOGE] one-hour price chart

Dogecoin

All the indicators used in the short-term price chart of DOGE were inclined towards the bear. Chaikin Money Flow [CMF] indicator was below the zero median, which suggested a bearish momentum. The Awesome Oscillator indicator followed suit as it laid out tiny red closing bars, further announcing the bear’s presence.

The Relative Strength Index indicator revealed that the DOGE market was traversing from a sellers’ market to a buyers’ market.

Binance Coin [BNB]

Binance Coin [BNB] made the maximum benefits during the recent bull run. The altcoin recorded new highs almost every other day. However, the current bearish invasion destroyed the altcoin. At the time of writing, BNB was trading for $289, with a 1.98% drop over the last 24-hours. This was surprising as all the other assets in the market were seen harboring the bull.

The market cap of BNB was at $48.78 billion. With this, BNB managed to reside as the fourth-largest cryptocurrency.

Binance Coin [BNB] one-hour price chart

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The one-hour price chart of BNB noted strong bearish sentiment. The Bollinger Bands indicator was converging at the moment; however, it looked like they were headed towards divergence. The MACD line remained below the signal forming a bearish crossover. Despite this sentiment, the Money Flow Index indicator affirmed a buyers’ notion.

Will Ethereum [ETH] glide towards $2K without heckles from the bear?

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The crypto market has been surfing over the volatility wave. The constant tussle between the bear and the bull has left coins like Ethereum [ETH], Binance Coin [BNB], and several others on the fence. While the bulls have been trying to push these assets to a new zone, the bears seemed to be pulling them back into the slump.

As Bitcoin [BTC] resides at $31K, investors have been hoping the king coin wouldn’t slip back below $30K [again].

Ethereum [ETH] has been trying vigorously to push past $2K. But the bears had laid down a strong line of resistance, making it impossible for the asset to leave its current spot. At the time of writing, ETH was trading for $1,986, with a 4.64% surge over the last 24-hours. The last couple of days helped the altcoin recover from the carnage caused by the bear.

Furthermore, the market cap of the asset was at $231.37 billion. This number allowed ETH to secure its spot as the second-largest cryptocurrency. ETH’s ranking wasn’t disrupted despite a slight drop in market cap. The market cap of the third-largest asset was at $61 billion; the disparity between the two is proof enough of how ETH was untouchable.

Ethereum [ETH] one-hour price chart on Binance

Ethereum

The short-term price chart of ETH saw an array of bears hibernating. The signal line took over the MACD line and formed a bearish crossover. This further indicated that ETH would take some time to shatter the barricade imposed at $2K. The Awesome Oscillator indicator followed suit and laid out red closing bars. These bars affirmed the presence of bears in the ETH market.

Even though the Ethereum market was currently harboring the bears, the Relative Strength Index [RSI] indicator suggested a buyers’ sentiment. The RSI marker was over the 50 median and was seen depreciating from the overbought zone.

BNB tries to stay in the green as sell-off pressure increases

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Binance Coin [BNB]’s performance this year propelled it to the top of the charts with the cryptocurrency now sitting pretty at the number four position. Investors have been reassured by Binance CEO Changpeng Zhao about the coin’s use case and what it can do for the digital asset ecosystem in the future.

BNB’s price action over the past week was indicative of the rest of the market: price corrections followed by the bear’s pull once again. At press time, Binance Coin was trading for $292 with a total market cap of $49.28 billion. The cryptocurrency still had some ways to go before catching up to its nearest competitor, Tether [USDT].

In the last hour, BNB climbed by 3.5 percent to elevate its daily trading volume to $1.86 billion. Technical analysis of the cryptocurrency showed marked changes in price behavior since the start of July.

BNB 1 hour:

bnb 1 hr 2

BNB’s new immediate support was created on the 20th when the cryptocurrency fell to $255.4. The Relative Strength Index [RSI] rallied to the overbought zone after crashing below the oversold zone earlier. This meant that there was an increased BNB buying pressure.

According to BNB’s Chaikin Money Flow indicator, the capital influx was almost equivalent to the money leaving the market. The Parabolic SAR sided with the bull as the markers stayed below the price candles.

BNB 1 day:

bnb 1 d 1

In the long term, BNB’s price had settled into a slow price action after the creation of the new support. A hold near the $300 mark was considered safe for the cryptocurrency as long as buying pressure increases.

Daily charts painted the picture of a cryptocurrency struggling to get out of the bear’s thumb. BNB has not been able to climb back to the overbought zone levels since the start of May. The CMF had fallen below the zero line for the first time in the month and the sharp incline indicated a massive sell-off.

Even the Parabolic SAR pointed to a bearish takeover as the markers continued to stay atop the candles.

Binance coin [BNB] recovers from yesterday’s carnage and heads towards $300

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The volatility wave had hit the crypto market yesterday and kicked an array of assets to the curb. Binance Coin [BNB], Cardano [ADA], Dogecoin [DOGE], Polkadot [DOT], among many other assets, were seen recovering from yesterday’s downfall.

Bitcoin [BTC] investors were left in a state of tyranny after the king coin dropped to a low of $29K. Just when speculations started pouring that the asset might even drop to a low of $20K, it managed to navigate its way back over $30K. At press time, BTC was trading for $31,416 with a 5.98% surge over the last 24-hours.

The cryptocurrency exchange, Binance, has been undergoing immense scrutiny from regulators across the globe. This did not influence the price of the exchange’s native asset, Binance Coin [BNB]. The altcoin did not lose much yesterday; however, it seemed to be bagging the required gains. During the time of writing, BNB was trading for $286 with a 9.61% rise in the last 24-hours.

Additionally, the market cap of the coin was at $48.07 billion. This gave the altcoin leverage over Cardano [ADA] as BNB took over as the fourth-largest cryptocurrency.

Binance coin [BNB] one-hour price chart

Binance Coin

The short-term price chart of the Binance coin noted the arrival of the bulls and the departure of the bears. The Parabolic SAR indicator was seen reversing the trend by slowly laying out dotted lines below the candlesticks. This further indicates bullish momentum. Similarly, the MACD line took over the signal line forming a bullish crossover after quite some time. The disparity between the MACD line and the signal line revealed that a bearish crossover wasn’t in the books for some time.

The Relative Strength Index noted that BNB was heading towards the overbought zone. The RSI marker was seen going from the oversold zone all the way to the overbought zone in just a day.

With the bears taking over the BNB market, the altcoin could glide towards $300 without any hassle.

Solana [SOL]Price Support Crumbles Under Bear Pressure; Market Sees Red

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The cryptocurrency market has attained a red coat over the past week with major coins sliding rapidly on the charts. Solana [SOL] was one of the biggest losers of the week as a 26 percent drop ripped through its market cap. Polygon held the top spot in the bear’s eyes as it fell by 35 percent in the past week.

Experts believe that the bear market would become an ideal launchpad for new users to buy the dip and increase their portfolio. At press time, Solana was trading for $22.62 with a total market cap of $6.1 billion. After a daily dip of 11 percent, Solana’s trading volume fell to $444.9 million.

Solana 1 hour:

sol hr

Solana’s hourly dips became apparent after the 14th when the price tumbled across the board. The immediate support is constantly changing with the last known support at $22.24 and the resistance ~$32 range. Upper and lower Bollinger bands began diverging from one another as the red price candles increased in density.

The Relative Strength Index crashed below the lower index on Tuesday. According to the charts, this was Solana’s biggest dip in July which may have an impact on investor sentiments. Solana’s Chaikin Money Flow indicator had turned sharply to the bottom of the graph. This means that the capital leaving the market was more than the influx.

Solana 1 day:

sol 1 d

On the daily charts, Solana had a marked downshift as the candles continued to crumble under bear pressure. Even the Bollinger bands sided with the bear as the bands diverged sharply from one another. The immediate support remained at $15.2 as the histogram became populated with a mix of greens and reds.

The RSI hit the oversold threshold which means the selling pressure had increased multifold in the last couple of days. Even the RSI replicated the CMF’s price action as the capital coming into the market decreased considerably.

Cardano [ADA] Bleeds Red as Altcoins Face-Off With Bear

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The cryptocurrency market’s slowdown over the past few days has resulted in millions being wiped off in terms of market caps and trading volumes. Bitcoin’s lack of movement may be a reason why other coins are taking a turn in the bear pit. Cardano [ADA] was one of the altcoins in the tumble, falling in double-digit numbers over the past week.

IOHK’s cryptocurrency, hailed as a successor to trading currencies, fell across the board after a stagnant price hold. At press time, ADA was trading for $1.17 with a total market cap of $37.52 billion. The 5th placed cryptocurrency was well ahead of its nearest competitor XRP in terms of trading volume and market cap.

Cardano 1 hour:

ada 1 hr

Cardano’s hourly performance took quite the tumble as the cryptocurrency fell from highs as much as $1.302. The current immediate support was calculated to be $1.152 after which the price bounced to its current value of $1.171.

According to the Parabolic SAR, ADA was coming out of its bearish slump as the markers stayed below the price candles. Continued buying pressure will be indicated by a prolonged bottom hold by the markers.

The cryptocurrency’s RSI indicator sharply fell below the zero line as more users sold their ADA holdings. Since the start of the month, Cardano has found it difficult to maintain its RSI graph above the zero line for long periods of time. Cardano’s CMF crashed to one of its lowest points of the month with chances for a small revival in the near future.

Cardano 1 day:

ada 1 day

Daily performance was slightly different from earlier as Cardano found it difficult to escape the bearish rut. Cardano’s long-term resistance was at $1.17 with the Parabolic SAR markers holding above the price candles since the middle of May.

Cardano’s long-term RSI moved parallel to the oversold zone while hitting one of the lowest levels this year. The CMF skirted on the zero line as the capital influx and the capital leaving the market canceled each other out. Experts believe that continued developments would restore the faith in investors and in turn generate traction for the cryptocurrency.

Polkadot [DOT] suffers maximum damages from the bear

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The crypto-verse was seen dealing with a bunch of bears that weren’t willing to leave the market. Polkadot [DOT], Dogecoin [DOGE], XRP, and various assets were seen suffering losses because of this severe bearish momentum.

Polkadot [DOT] entered the crypto-verse just about a year ago. Despite its reasonably late arrival, it managed to garner the attention of investors. The altcoin sprung up into the top ten and managed to surge in terms of price.

At the time of writing, DOT was trading for $12 with a 1.84% fall over the last 24-hours. The altcoin endured a loss of about 22% in the previous seven days. This was relatively high compared to all the other assets in the market. During the recent crypto rally, the altcoin managed to surge to a high of $49 but failed to hit $50.

The market cap of Polkadot was at $11.6 billion. The altcoin was living on the edge as the ninth-largest cryptocurrency. Binance USD [BUSD] wasn’t very far off from taking over DOT’s spot.

Polkadot [DOT] one-hour price chart on Binance

Polkadot

The short-term price chart of DOT in Binance noted the strong presence of the bull. The Bollinger Bands indicator wasn’t working in favor of the altcoin as its bands were converging instead of diverging. This movement further indicated limited volatility. The MACD line took over the signal line affirming the existence of the bull in the market. This bullish crossover wasn’t very favorable, as the indicator mentioned above noted minimal volatility.

The Relative Strength Index [RSI] indicator noted significant selling activity as the RSI marker was below the 50 median.

This positive notion could be great for Polakdot as it was seen slipping multiple times.

Additionally, the overall market sentiment was negative. Bitcoin [BTC] struggled to make it past $32K, and Ethereum [ETH] was undergoing a similar fate as it drowned below the $2K level. Similarly, several other prominent coins were seen going off track and losing out all the accumulated gains.

XRP gasps for air as bears start to crowd its market

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Even though XRP had quite a rough start to the year, it managed to buckle up and get in on the ride. However, the asset was seen getting destroyed by the bear, similar to all the other existing coins in the market.

The chances of Bitcoin [BTC] slipping to $30K weren’t very bleak as the bears were taking over the market. At press time, BTC was trading for a low of $31,444. Ethereum [ETH] ended its stay over $2K and dropped down. The altcoin endured a loss of about 11% just this week.

XRP managed to stay in the top ten while its price took a drastic hit. At the time of writing, the altcoin was trading for $0.59, with a 3.03% dip in the last 24-hours. Throughout the week, the coin managed to linger near $0.60, but the bear managed to pull the altcoin below that price range.

In addition to this, the altcoin’s market cap was at $27.49 billion, which allowed it a complimentary stay in the top ten as the sixth largest cryptocurrency.

XRP one-hour price chart on Binance

XRP

The short-term price chart of the altcoin announced the bear’s presence as all the indicators inclined towards the same. The Awesome Oscillator indicator used in the chart laid out red closing bars, which affirmed a bearish momentum. The Chaikin Money Flow indicator was deep in the bearish arena as the marker was close to the negative 0.20 median.

The Money Flow Index indicator suggested that there was no significant buying or selling activity in the short-term chart of the XRP market.

Alongside this is the Ripple vs. SEC case that is still ongoing. Bloomberg revealed that Ripple could now question the official that was previously involved in the case. This was considered a significant boost to the case that is still in court.

William H. Hinman, the former director of the SEC’s Division of Corporation Finance, would be under the court’s purview. In a recent hearing, the U.S. Magistrate Judge Sarah Netburn stated,

“This is not a run-of-the-mill SEC enforcement case.” [Even though the case wouldn’t open “flood gates” the case] “involves significant policy decisions in our markets, the amount in controversy is substantial and the public’s interest in this case is significant.”

Solana [SOL] and Binance Coin [BNB] boom while others endure a slump

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Rare sightings of green were noted in the crypto market that was painted in red. Solana [SOL] and Binance Coin [BNB] were the only assets that were bagging gains amidst a massive slump. Assets like Bitcoin [BTC] and Ethereum [ETH] lost support and fell to lower prices. The overall market cap of the crypto-verse mirrored the ongoing sentiment as it was noted at $1.31 trillion.

Solana [SOL]

SOL was one among the very few coins that made an impact despite entering the market late. The altcoin witnessed massive growth and went on to hit a high of $58. At the time of writing, the altcoin had endured a downfall and was trading at $29.01. The altcoin was seen bagging dainty gains of 0.55% over the last couple of hours.

Furthermore, the asset retained itself as the fourteenth largest cryptocurrency with a market cap of $7.68 billion.

Solana’s journey towards $30 peppered

Solana

The one-day price chart of SOL noted both bears and bulls fighting for a spot. The Parabolic SAR indicator laid out dotted lines above the candlesticks. While this acted as a resistance line against any possible uptrend, the MACD indicator delivered a similar notion. The MACD line remained below the signal line forming a bearish crossover.

The Relative Strength Index indicator noted a sellers’ sentiment in the Solana as the marker was below the 50 median.

Binance Coin [BNB]

Binance Coin seemed to be untethered by the ongoing drama with Binance and regulators from all around the globe. The asset was trading for $313, with a 3% surge over the last 24-hours. Even though the altcoin’s market cap noted a heckle, it managed to maintain itself in the top five.

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The one-day price chart of BNB observed bullish momentum. The Chaikin Money Flow indicator remained with the bulls and the Awesome Oscillator indicator formed green closing bars and announced the presence of the bulls. Therefore, unlike the other assets, BNB could be making headway in terms of price.

Additionally, a buyers’ market was noted in the one-day price chart of BNB, the Money Flow Index affirmed.