Crypto Price Analysis July 1: AR, CRV, COMP, BAT, BSV
- Arweave reigned among the rallying altcoins.
- Bitcoin SV was one of the few who sank yesterday.
- Bitcoin and Ethereum fell further, with BTC standing at $19.3k and ETH at $1.06k.
The crypto market is back in its favorite zone, the bearish zone, after declining considerably and losing billions in the last few days. The king coin, Bitcoin, and the altcoin king did not make any sharp movement and left the altcoins at the helm.
The altcoin was one of the best-performing assets of the day as it rose by more than 14% in 24 hours. This helped the asset invalidate the dip from the days before and put AR back on track to invalidate June’s 43.5% crash.
The crypto has the support of the investors as well since the Awesome Oscillator is highlighting rising bullishness.
Curve DAO token (CRV)
DeFi token CRV had a somewhat better day than many other cryptocurrencies as it closed the candle on an almost 15% rally. Trading at $0.79, CRV is much closer to invalidating the last week’s crash of 18.42%
The Bollinger Bands indicate volatility is at bay and CRV is safe from price swings, and with the bias acting as support, the price action will only go up.
Compound’s performance has been very unlike the other altcoins as after crashing by 51.78%, the crypto marked a 91.57% rally and declined once again this week by 13.14%
However, as investors prepare for a long-term rise, the asset continued observing inflows, as noticed on the Chaikin Money Flow (CMF).
Basic Attention Token (BAT)
As with the rest of the market, BAT too did well, marking a 10.69% growth within 48 hours the 52.47% rise noted right after the crash made BAT one of the first and only coins to invalidate the June crash completely.
Regardless things are going to bearish for a while as the MACD is indicating such cues.
Bitcoin SV (BSV)
While BAT was one of the first to invalidate the rise, BSV is the first one to break through and still fall back down. The 19.22% drop has almost invalidated the 36.84% rise observed over ten days.
The fall also brought BSV back into the bearish zone on the Relative Strength Index (RSI), and to climb back out of this, BSV will need support from the broader market.