Crypto Price Analysis June 30: ZRX, MATIC, AXS, STX, UNI

Key Insights:

• Altcoins were at the helm of the crypto market’s rally as well as the dip.
• Apart from USTC, AXS and STX also had a significant contribution to the dip.
• Bitcoin and Ethereum remained consolidated at $20k and $1k, respectively.

Although the entire market combined did not fare well today, some cryptocurrencies managed to slip through into a rally. Bitcoin and Ethereum sadly were not a part of that group, trading at $20k and $1k, respectively.

Ox (ZRX)

ZRX was successful in leading the market rally yesterday, which is what enabled it to maintain some rise at the time of writing as well, despite the broader market cues being negative. Up by 10.3% yesterday, XRZ could be seen trading at $0.34 today.

The Awesome Oscillator clearly exhibits rising bullishness in the case of the asset, which will be crucial in recovering the 41.14% losses of June.

Polygon (MATIC)

As with the rest of the market, MATIC, too, has been on a downtrend for almost a week now. Declining by 24.17%, MATIC lost all the growth it had witnessed during the 75.64% rally.

The candlestick also fell through the bias of the converging Bollinger Bands, which indicates the price swings will be under control, albeit leaning more towards a downfall.

Axie Infinity Shards (AXS)

The GameFi token unsurprisingly moved in line with the rest of the market, falling by 24.09% to trade at $13.49. AXS, which had already barely recovered from the 46.37% dip of June, is back at the monthly lows.

The Chaikin Money Flow evinces that despite the growth, there has barely been any significant inflow, and now the outflows from the fall are wildly surpassing the inflows.

Stacks (STX)

Unlike the rest of the altcoins, this was the first instance of such a drop as STX had been observing a gradual incline, rising by 35.79%.

The MACD in the case of Stacks indicates the onset of a bearish crossover with the bullishness receding. As and once the signal line (red) takes rises above the MACD line (white), STX will bear a bearish pressure.

Uniswap (UNI)

The DeFi token, which had not only recovered the losses of June but risen further, is back under pre-crash prices trading at $4.7. Losing 15.57% over the past four days has induced a selling pressure for UNI.

This has resulted in the decline of the Relative Strength Index (RSI) into the negative zone despite having only escaped it after three months, less than a week ago.