Crypto Price Analysis August 8: FLOW, ROSE, LINK, NEAR, EGLD
- Flow noted a 15.88% rise today to trade closer to $3.
- Oasis Network’s ROSE emerged as a top performer rising by 23%.
- Bitcoin and Ethereum rose too to trade at $23.9k and $1.7k, respectively.
The crypto market enjoyed a green candle today, and in doing so, it also managed to cross the $1.1 trillion mark.
Led by altcoins, the market gained almost $30 billion in the last 24 hours, but the king coin and the altcoin king also contributed by rising to $23,937 and $1,775, respectively.
The altcoin shot up by almost 16% from yesterday’s lows to trade at the price of $2.98. FLOW has already rallied by more than 86% in the last 12 days, recovering the losses of June in doing so.
The Awesome Osccilator’s green bars further reassure that the rally will stick for the next few days.
Oasis Network (ROSE)
ROSE was among the highest gainers of the day, rallying by more than 23% in the span of 24 hours.
However, the Chaikin Money Flow still noted a downtick, indicating outflows from the asset, which is a matter of concern since the altcoin is yet to recover the 65% losses from the crash of May.
LINK increased by 11.09% today as the altcoin came closer to almost recovering the entirety of the June dip.
The divergence of the Bollinger Bands will provide the altcoin with enough volatility to recover the 46% crash of May as well.
Near Protocol (NEAR)
NEAR, on the other hand, despite rising by 14.28% in 24 hours, was nowhere near reclaiming all that it lost in May during the 50% dip.
Additionally, the Relative Strength Index (RSI) is also reaching the overbought zone, and once the indicator is above the 80.0 mark, the trend will flip, leaving the altcoin vulnerable to price falls.
Elrond dipped by 4% today despite rising by almost 32% in the 12 days before today, during which it almost recovered half of the 51.95% crash of June.
The MACD regained its bullish crossover, creating room for recovering the rest of the losses as well.