Crypto Price Analysis August 1: APE, WAVES, ETC, UNI, AAVE

Key Insights:

• Waves countered the bearishness with an 8% rise to trade at $6.
• Ethereum Classic continued its downtrend, slipping by 16% in 3 days.
• Bitcoin and Ethereum fell to $22.9k and $1.6k as well.

Altcoins dominated the crypto market with their rise and fall, but with bears winning the day, the market lost about $25 billion in the last 24 hours.

The likes of Waves and Ethereum Classic propagated the downtrend affecting the king coin and the altcoin king as well, which sank to $22.9k and $1.6k, respectively.

Waves (WAVES)

Despite being up by 8.65%, the altcoin is still moving sideways, with the coin trading at $6.05, the same price WAVES was a month ago.

However, with the support of the 50-day Simple Moving Average (SMA) (red), this recovery might get easier, especially if WAVES is able to flip the 100-day SMA (blue) into support as well.

ApeCoin (APE)

The Bored Ape Yacht Club NFT token has not been moving a lot these past few days, declining by just 4.91% in over 72 hours.

On the other hand, it still has the support of bullish crossover on the MACD, which will be crucial in keeping APE’s 63.5% rally intact.

Ethereum Classic (ETC)

The Ethereum hard fork fell by more than 16.8% in the span of 3 days, 13.4% of which came in just the last 24 hours.

With the Parabolic SAR set to move above the candlestick, ETC will face a further downtrend, which would be harmful to its 195.16% rally it noted this month.

Uniswap (UNI)

The DeFi token is on a similar path as ETC as despite falling by 12.85% in 72 hours, UNI is still maintaining its 154.99% rally from a month ago.

The green bars on the Awesome Oscillator evince the same thing, which will help UNI from falling further.

Aave (AAVE)

AAVE lost the least in this list as the altcoin declined by just 3.11% in the last 24 hours, leaving its almost 103% rally intact.

The Relative Strength Index (RSI) is also keeping itself sustained in the bullish zone, which is a good sign for AAVE’s future.