Crypto Price Analysis July 21: CRV, ETC, GALA, EGLD, ICP
- Elrond was one of the biggest losers of the day, declining by 9%.
- Curve Finance’s token countered this bearishness with 17.36%.
- Bitcoin declined slightly today, trading at $22.9k, while Ethereum stood still at $1.5k.
As some of the altcoins noted depreciation today, most of the other cryptocurrencies rallied ahead instead. This kept the entire crypto market capitalization unchanged at $1.022 Trillion.
Ethereum followed the broader market cues changing hands at $1.5k, while Bitcoin dipped slightly, trading at $22.9K.
Curve DAO (CRV)
CRV led the altcoins, which continue rising today against the broader market bearishness. Rising by 17.36%, CRV could be seen trading at $1.35, bringing the altcoin’s recovery from its lows to 133.47%.
The Awesome Oscillator is still highlighting bullishness for the altcoin, which has been beneficial for the altcoin in recovering from the June crash of almost 58%.
Ethereum Classic (ETC)
The Ethereum hard fork has been one of the top gainers this week, rising by 80.19%. Today’s 6.7% rise invalidated yesterday’s drop, keeping ETC at $24.94.
The Bollinger Bands divergence does indicate high volatility, but since the candlestick is above the basis, the price swing will be positive.
The altcoin is one of the only few cryptocurrencies that haven’t recovered at all in over a month. Still trading at the same lows it was at in June, GALA is serving no incentive for investors right now.
Although the fluctuation noted on the Chaikin Money Flow does indicate an uptick, in actuality, there haven’t been many inflows recently.
Elrond fell by 9% today amid mixed market cues, which brought the coin down to $56.05, the consolidation level it has been stuck at since mid-June.
Although the altcoin hasn’t made any significant recovery yet, the MACD continues to remain bullish, which is vital for EGLD to recover the June dip of 51.74%.
Internet Computer (ICP)
Following EGLD’s lead, ICP also sunk by 8.5% over the last 24 hours to trade at $6.848. Although the altcoin was on track to recover its 45.58% June losses, today’s dip might delay the same.
The Relative Strength Index (RSI) is still somehow above the neutral line in the bullish zone, which is a positive sign for ICP going forward.