Crypto Price Analysis June 24: AXS, BAT, ZIL, SAND, ONE

Key Insights:

• Axie Infinity shot up by 16% in a single day.
• Harmony was one of the only few to close in red yesterday.
• Bitcoin rose above $21k after a week of deliberation.

With the rest of the market providing support to the altcoins, many cryptocurrencies noted rallies yesterday led by the GameFi token Axie Infinity.

With others following suit and Bitcoin closing in green, the crypto market seemed to be doing better than it did in the previous couple of days.

Axie Infinity (AXS)

Within 24 hours, AXS rose by 16% to trade at $17.2 at the time of writing. This brought the five-day rally of Axie Infinity to 31.3%, however, it still has a long way to go before it recovers the 46.5% losses of this month.

Along with the rally, the bullish cues for the DeFi token also began intensifying as the green bars on the Awesome Oscillator continued rising. If the momentum is maintained, the altcoin will be back to $22 soon.

Basic Attention Token (BAT)

The altcoin had a fantastic run over the last ten days, rising from $0.28 to $0.43 at press time. This rally was successful in invalidating all of June’s losses, setting BAT up for recovery from the April-May crash.

While the rally might seem influenced by the broader market trend, BAT has support from its investors as the uptick noticed on the Chaikin Money Flow indicates clear inflows for the asset.

Zilliqa (ZIL)

Another altcoin enjoying the uptrend, Zilliqa, is teetering on the edge of successfully recovering the 38.3% downfall of June 5. However, it would be invalidated entirely only when ZIL closes above $0.05, which is a little far as the altcoin is trading at $0.046.

But, it won’t be too tricky for ZIL to achieve it since the MACD is clearly highlighting a bullish crossover with increasing bullishness.

The Sandbox (SAND)

After suffering bearishness for the entirety of this month, the Metaverse token finally managed to reclaim the $1 mark, trading at $1.1 at press time. The Sandbox is sustaining its 38% rally from the last five days, which will help it reach closer to invalidating June’s losses.

The presence of Parabolic SAR’s white dots underneath the candlesticks evince that the uptrend will continue raising the price of SAND.

Harmony (ONE)

Being the only coin to close in red yesterday, ONE furthered its downfall, trading at $0.025. Enduring more than 85% in losses, ONE is consistently painting red candles, leaving investors with significant losses.

With the Relative Strength Index (RSI) still stuck in the bearish zone, the altcoin might take a while to bounce back from this crash.